Fintech Index for ASEAN-6 Countries

The financial services industries are no exception to the substantial growth in the Fintech which acts as the digital economy's driver aim to improve interaction across various nations. However, the uncertainty associated with the future development of Fintech in ASEAN is considered ambiguity w...

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Main Author:	Alice Yong-Zheng, Huong
Format:	Thesis
Language:	English
Published:	2021
Subjects:	HG Finance
Online Access:	http://ir.unimas.my/id/eprint/36404/5/Alice.pdf
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id	my-unimas-ir.36404
record_format	uketd_dc
spelling	my-unimas-ir.364042024-02-19T06:31:03Z Fintech Index for ASEAN-6 Countries 2021 Alice Yong-Zheng, Huong HG Finance The financial services industries are no exception to the substantial growth in the Fintech which acts as the digital economy's driver aim to improve interaction across various nations. However, the uncertainty associated with the future development of Fintech in ASEAN is considered ambiguity with a comparative little attention on investigation. Further research on the Fintech ecosytem in these countries is required to validate the future growth of Fintech in ASEAN countries. Therefore, this study constructed a composite index, namely ASEAN6 Fintech Index (AFI) from 2017 to 2019 to study the readiness and capacity to engage in Fintech activity, level of demand of Fintech services and the potential future development of Fintech in each country based upon their Fintech ecosystem at macro level promptly in a single measure. The index captures four dimensions of Fintech ecosystem which include regulation and policy, infrastructure, demand and innovative product and service. The final score of ASEAN-6 Fintech Index (AFI) is calculated based on the average result from the three aggregation methods which are arithmetic mean, geometric mean and entrophy method. From the results, Singapore is ranked the highest among the six ASEAN countries in which it implies that Singapore has the most favourable Fintech ecosystem among ASEAN-6 countries, followed by Thailand, Malaysia, Vietnam, Indonesia and Philippine during 2019. The results of this study imply that the government in Indonesia should focus on formulating effective policy to resolve its main challenge in ICT infrastructure development in order to support the Fintech development. Universiti Malaysia Sarawak (UNIMAS) 2021 Thesis http://ir.unimas.my/id/eprint/36404/ http://ir.unimas.my/id/eprint/36404/5/Alice.pdf text en validuser masters Universiti Malaysia Sarawak Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Alice Yong-Zheng, Huong Fintech Index for ASEAN-6 Countries
description	The financial services industries are no exception to the substantial growth in the Fintech which acts as the digital economy's driver aim to improve interaction across various nations. However, the uncertainty associated with the future development of Fintech in ASEAN is considered ambiguity with a comparative little attention on investigation. Further research on the Fintech ecosytem in these countries is required to validate the future growth of Fintech in ASEAN countries. Therefore, this study constructed a composite index, namely ASEAN6 Fintech Index (AFI) from 2017 to 2019 to study the readiness and capacity to engage in Fintech activity, level of demand of Fintech services and the potential future development of Fintech in each country based upon their Fintech ecosystem at macro level promptly in a single measure. The index captures four dimensions of Fintech ecosystem which include regulation and policy, infrastructure, demand and innovative product and service. The final score of ASEAN-6 Fintech Index (AFI) is calculated based on the average result from the three aggregation methods which are arithmetic mean, geometric mean and entrophy method. From the results, Singapore is ranked the highest among the six ASEAN countries in which it implies that Singapore has the most favourable Fintech ecosystem among ASEAN-6 countries, followed by Thailand, Malaysia, Vietnam, Indonesia and Philippine during 2019. The results of this study imply that the government in Indonesia should focus on formulating effective policy to resolve its main challenge in ICT infrastructure development in order to support the Fintech development.
format	Thesis
qualification_level	Master's degree
author	Alice Yong-Zheng, Huong
author_facet	Alice Yong-Zheng, Huong
author_sort	Alice Yong-Zheng, Huong
title	Fintech Index for ASEAN-6 Countries
title_short	Fintech Index for ASEAN-6 Countries
title_full	Fintech Index for ASEAN-6 Countries
title_fullStr	Fintech Index for ASEAN-6 Countries
title_full_unstemmed	Fintech Index for ASEAN-6 Countries
title_sort	fintech index for asean-6 countries
granting_institution	Universiti Malaysia Sarawak
granting_department	Faculty of Economics and Business
publishDate	2021
url	http://ir.unimas.my/id/eprint/36404/5/Alice.pdf
_version_	1794023027854278656

Fintech Index for ASEAN-6 Countries

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