IDEAS home Printed from https://ideas.repec.org/a/gam/jrisks/v13y2025i10p186-d1759269.html

Emerging Risks in the Fintech-Driven Digital Banking Environment: A Bibliometric Review of China and India

Author

Listed:
  • William Gaviyau

    (Department of Finance Risk Management and Banking, University of South Africa (UNISA), Pretoria 0003, South Africa)

  • Jethro Godi

    (Department of Finance Risk Management and Banking, University of South Africa (UNISA), Pretoria 0003, South Africa)

Abstract

The digital revolution is transforming the financial services sector. Risk is not static; emerging risks continue to pose threats to the financial services sector which influences financial stability and consumer protection regulation mandates. This novel study presents a comparative bibliometric analysis of China and India in examining the effect of trends on the scholarly research outputs discussing the emerging risks in the fintech-driven digital banking environment. Furthermore, the mapping presents the geographical dynamics of Asia, followed by country-level perspectives. The period of study was from 2015 to 2024. Leveraging the Scopus database, data was extracted based on a specified query using the SPAR 4 SLR protocol. Analysis was performed on 162 articles from an initial list of 1257 articles using Scival and Vos viewer tools. Performance indicator metrics and science mapping enabled the answering of research questions. The findings revealed that research output is inclined towards India rather than China; this is despite China domiciling some big tech firms. Comparatively, India dominates when it comes to performance analysis metrics compared to China. The scientific mapping depicted in both countries shows the multifaceted effects of fintech on banking, including trends in user acceptance, competition, emerging risks, technological innovation, and financial stability. The strong connections in both countries across clusters highlight how fintech research is multi-disciplinary, spanning consumer behavior, finance, economics, and financial technology. This study provides a foundation on which a robust risk management framework, which is customized to digital banking existence, can be developed in the face of emerging risks.

Suggested Citation

  • William Gaviyau & Jethro Godi, 2025. "Emerging Risks in the Fintech-Driven Digital Banking Environment: A Bibliometric Review of China and India," Risks, MDPI, vol. 13(10), pages 1-31, September.
    • Handle: RePEc:gam:jrisks:v:13:y:2025:i:10:p:186-:d:1759269
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-9091/13/10/186/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-9091/13/10/186/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    2. Sinziana Bunea & Benjamin Kogan & David Stolin, 2016. "Banks Versus FinTech: At Last, it's Official," Journal of Financial Transformation, Capco Institute, vol. 44, pages 122-131.
    3. René M. Stulz, 2019. "FinTech, BigTech, and the Future of Banks," Journal of Applied Corporate Finance, Morgan Stanley, vol. 31(4), pages 86-97, December.
    4. Girish Garg & Mohd Shamshad & Nikita Gauhar & Mosab I. Tabash & Basem Hamouri & Linda Nalini Daniel, 2023. "A Bibliometric Analysis of Fintech Trends: An Empirical Investigation," IJFS, MDPI, vol. 11(2), pages 1-15, June.
    5. Christian Haddad & Lars Hornuf, 2019. "The emergence of the global fintech market: economic and technological determinants," Small Business Economics, Springer, vol. 53(1), pages 81-105, June.
    6. Ebru Gökalp & Veronica Martinez, 2022. "Digital transformation maturity assessment: development of the digital transformation capability maturity model," International Journal of Production Research, Taylor & Francis Journals, vol. 60(20), pages 6282-6302, October.
    7. Ishtiaq Ahmad Bajwa & Shafiq Ur Rehman & Abid Iqbal & Zaheer Anwer & Murtaza Ashiq & Muhammad Ajmal Khan, 2022. "Past, Present and Future of FinTech Research: A Bibliometric Analysis," SAGE Open, , vol. 12(4), pages 21582440221, October.
    8. Douglas W. Arner & Jànos Barberis, 2015. "FinTech in China:from the shadows?," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 78-91.
    9. Hiranya Dissanayake & Catalin Popescu & Anuradha Iddagoda, 2023. "A Bibliometric Analysis of Financial Technology: Unveiling the Research Landscape," FinTech, MDPI, vol. 2(3), pages 1-16, August.
    10. S. Benson Simwanza, 2025. "Do Digital Technologies Contribute to TFP and Growth in Asia? A Theoretical and Empirical Investigation," Journal of Asian Economic Integration, , vol. 7(2), pages 127-147, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marian Ilie Siminică & Gabriela Badareu & Daniel Cîrciumaru & Silviu Cârstina & Mirela Cristea, 2025. "Fintech Between Revolution and Evolution: Trends and Academic Contributions in a Bibliometric Analysis," Journal of Financial Studies, Institute of Financial Studies, vol. 10(17), pages 211-239, May.
    2. Avani Raval & Rajesh Desai, 2024. "Reviews and directions of FinTech research: bibliometric–content analysis approach," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(3), pages 1115-1134, September.
    3. Sujeeth Ungratwar & Dipasha Sharma & Satish Kumar, 2025. "Mapping the digital banking landscape: a multi-dimensional exploration of fintech, digital payments, and e-wallets, with insights into current scenarios and future research," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-22, December.
    4. Ionut Marius Croitoru & Paula-Paraschiva Dragan (SPIRIDON) & Nicoleta Daniela Ignat & Romanita Jumanca, 2025. "Exploring Financial Literacy in Higher Education with the Help of FinTech: A Bibliometric Analysis of Linkages to Access, Behavior, and Well-Being Through Digital Innovation," FinTech, MDPI, vol. 4(1), pages 1-17, January.
    5. Kowalewski, Oskar & Pisany, Paweł, 2022. "Banks' consumer lending reaction to fintech and bigtech credit emergence in the context of soft versus hard credit information processing," International Review of Financial Analysis, Elsevier, vol. 81(C).
    6. Hiranya Dissanayake & Catalin Popescu & Anuradha Iddagoda, 2023. "A Bibliometric Analysis of Financial Technology: Unveiling the Research Landscape," FinTech, MDPI, vol. 2(3), pages 1-16, August.
    7. Pandey, Dharen Kumar & Hassan, M.Kabir & Kumari, Vineeta & Zaied, Younes Ben & Rai, Varun Kumar, 2024. "Mapping the landscape of FinTech in banking and finance: A bibliometric review," Research in International Business and Finance, Elsevier, vol. 67(PA).
    8. Croutzet, Alexandre & Dabbous, Amal, 2021. "Do FinTech trigger renewable energy use? Evidence from OECD countries," Renewable Energy, Elsevier, vol. 179(C), pages 1608-1617.
    9. Ahmed Razman Latiff & Mohammad Zakaria Alqudah & Husni Samara & Naji Alslaibi, 2025. "Empowering the financial sector: the role of fintech research development trends," Future Business Journal, Springer, vol. 11(1), pages 1-22, December.
    10. Junbin Wang & Chenyang Zhao & Lufei Huang & Shuai Yang & Minxing Wang, 2024. "Uncovering research trends and opportunities on FinTech: a scientometric analysis," Electronic Commerce Research, Springer, vol. 24(1), pages 105-129, March.
    11. Cosma, Simona & Rimo, Giuseppe, 2024. "Redefining insurance through technology: Achievements and perspectives in Insurtech," Research in International Business and Finance, Elsevier, vol. 70(PA).
    12. Ruihui Pu & Deimante Teresiene & Ina Pieczulis & Jie Kong & Xiao-Guang Yue, 2021. "The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania," Risks, MDPI, vol. 9(1), pages 1-22, January.
    13. Carson Duan, 2024. "Analyses of Scientific Collaboration Networks among Authors, Institutions, and Countries in FinTech Studies: A Bibliometric Review," FinTech, MDPI, vol. 3(2), pages 1-25, April.
    14. Trotta, Annarita & Rania, Francesco & Strano, Eugenia, 2024. "Exploring the linkages between FinTech and ESG: A bibliometric perspective," Research in International Business and Finance, Elsevier, vol. 69(C).
    15. Adugna, Hailu, 2024. "Fintech dividend: How would digital financial services impact income inequality across countries?," Technology in Society, Elsevier, vol. 77(C).
    16. Miloš Milosavljević & Željko Spasenić & Jovan Krivokapić, 2023. "Bibliometric Review of Participatory Budgeting: Current Status and Future Research Agenda," IJFS, MDPI, vol. 11(3), pages 1-14, August.
    17. DMSLB Dissanayake & Manjula Ranagalage & JMSB Jayasundara & PSK Rajapakshe & NSK Herath & Samali Ayoma Marasinghe & WMSB Wanninayake & HUK Dilanjani & ALWM Perera & Yukthi Herath, 2025. "A Comprehensive Bibliometric Analysis of Spatial Data Infrastructure in a Smart City Context," Land, MDPI, vol. 14(3), pages 1-28, February.
    18. Medina Ayta Mohammed & Carmen De-Pablos-Heredero & José Luis Montes Botella, 2025. "Mapping the transformative realm of blockchain-enabled central bank digital currencies: a bibliometric analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 53-88, March.
    19. Doina Caragea & Theodor Cojoianu & Mihai Dobri & Andreas Hoepner & Oana Peia & Davide Romelli, 2024. "Competition and Innovation in the Financial Sector: Evidence from the Rise of FinTech Start-ups," Journal of Financial Services Research, Springer;Western Finance Association, vol. 65(1), pages 103-140, February.
    20. Costa, Davide & Querci, Francesca & Santulli, Rosalia, 2025. "Competition or cooperation? Disentangling the Bank-FinTech interaction through a hybrid literature review," Research in International Business and Finance, Elsevier, vol. 78(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jrisks:v:13:y:2025:i:10:p:186-:d:1759269. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.