IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i10p4102-d1394190.html
   My bibliography  Save this article

Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia

Author

Listed:
  • John Yang

    (Business School, Hankuk University of Foreign Studies, Seoul 02450, Republic of Korea)

  • Sang-Uk Jung

    (Business School, Hankuk University of Foreign Studies, Seoul 02450, Republic of Korea)

Abstract

This research paper investigates the potential of FinTech solutions in promoting sustainable finance in Mongolia, an emerging market economy with a burgeoning FinTech landscape. This study explores how Mongolia leverages FinTech innovations to advance sustainable development goals. Utilizing secondary data sourced from Mongolian government agencies, global financial organizations, academic institutions, market research firms, and industry associations, we conducted an integrated SWOT-MLP analysis of Mongolia’s FinTech industry, which includes the FinTech business models, ecosystem, regulatory frameworks, traditional financial institutions, and stakeholders. This study presents a comprehensive analysis of the opportunities and challenges facing Mongolia in integrating FinTech into its sustainable finance agenda, and SWOT-based strategies.

Suggested Citation

  • John Yang & Sang-Uk Jung, 2024. "Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia," Sustainability, MDPI, vol. 16(10), pages 1-24, May.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:10:p:4102-:d:1394190
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/10/4102/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/10/4102/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Solomon E. Uhunamure & Karabo Shale, 2021. "A SWOT Analysis Approach for a Sustainable Transition to Renewable Energy in South Africa," Sustainability, MDPI, vol. 13(7), pages 1-18, April.
    2. Emanuel Stoeckli & Christian Dremel & Falk Uebernickel, 2018. "Exploring characteristics and transformational capabilities of InsurTech innovations to understand insurance value creation in a digital world," Electronic Markets, Springer;IIM University of St. Gallen, vol. 28(3), pages 287-305, August.
    3. Tomasz Dziawgo, 2021. "Wealth Tech Impact on Wealth Management Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 141-151.
    4. Cynthia Weiyi Cai, 2018. "Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(4), pages 965-992, December.
    5. Albayati, Hayder & Kim, Suk Kyoung & Rho, Jae Jeung, 2020. "Accepting financial transactions using blockchain technology and cryptocurrency: A customer perspective approach," Technology in Society, Elsevier, vol. 62(C).
    6. Lee, In & Shin, Yong Jae, 2018. "Fintech: Ecosystem, business models, investment decisions, and challenges," Business Horizons, Elsevier, vol. 61(1), pages 35-46.
    7. Alberto Martín-Martín & Mike Thelwall & Enrique Orduna-Malea & Emilio Delgado López-Cózar, 2021. "Correction to: Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 907-908, January.
    8. Xueping Gao & Lingling Chen & Bowen Sun & Yinzhu Liu, 2017. "Employing SWOT Analysis and Normal Cloud Model for Water Resource Sustainable Utilization Assessment and Strategy Development," Sustainability, MDPI, vol. 9(8), pages 1-23, August.
    9. Alberto Martín-Martín & Mike Thelwall & Enrique Orduna-Malea & Emilio Delgado López-Cózar, 2021. "Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 871-906, January.
    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. Iván Sosa Gómez & Óscar Montes Pineda, 2023. "What is an InsurTech? A scientific approach for defining the term," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 26(2), pages 125-173, July.
    2. Ramón A. Feenstra & Emilio Delgado López-Cózar, 2022. "Philosophers’ appraisals of bibliometric indicators and their use in evaluation: from recognition to knee-jerk rejection," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(4), pages 2085-2103, April.
    3. Jorge Andrés-Sánchez & Jaume Gené-Albesa, 2024. "Not with the bot! The relevance of trust to explain the acceptance of chatbots by insurance customers," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    4. Weishu Liu & Meiting Huang & Haifeng Wang, 2021. "Same journal but different numbers of published records indexed in Scopus and Web of Science Core Collection: causes, consequences, and solutions," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(5), pages 4541-4550, May.
    5. Rui Liang & Xichuan Zheng & Po-Hsun Wang & Jia Liang & Linhui Hu, 2023. "Research Progress of Carbon-Neutral Design for Buildings," Energies, MDPI, vol. 16(16), pages 1-50, August.
    6. Mehdi Toloo & Rouhollah Khodabandelou & Amar Oukil, 2022. "A Comprehensive Bibliometric Analysis of Fractional Programming (1965–2020)," Mathematics, MDPI, vol. 10(11), pages 1-21, May.
    7. Mike Thelwall, 2021. "Alternative medicines worth researching? Citation analyses of acupuncture, chiropractic, homeopathy, and osteopathy 1996–2017," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(10), pages 8731-8747, October.
    8. Sam Arts & Nicola Melluso & Reinhilde Veugelers, 2023. "Beyond Citations: Measuring Novel Scientific Ideas and their Impact in Publication Text," Papers 2309.16437, arXiv.org, revised Nov 2023.
    9. Anting Wang & Mohd Nizam Osman & Megat Al-Imran Yasin & Nurul Ain Mohd Hasan & Ying Cui, 2024. "Tracing Evolution and Communication Dynamics in Chinese Independent Documentary Films (2012-2022): A Systematic Review of Genre, Censorship, Culture, and Distribution," Studies in Media and Communication, Redfame publishing, vol. 12(1), pages 368-381, March.
    10. Christopher Hansen & Holger Steinmetz & Jörn Block, 2022. "How to conduct a meta-analysis in eight steps: a practical guide," Management Review Quarterly, Springer, vol. 72(1), pages 1-19, February.
    11. 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).
    12. Elena Andriollo & Alberto Caimo & Laura Secco & Elena Pisani, 2021. "Collaborations in Environmental Initiatives for an Effective “Adaptive Governance” of Social–Ecological Systems: What Existing Literature Suggests," Sustainability, MDPI, vol. 13(15), pages 1-29, July.
    13. Tessmann, R. & Elbert, R., 2022. "Multi sided platforms in competitive B2B networks with varying governmental influence – a taxonomy of Port and Cargo Community System business models," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 132320, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    14. Iván Sosa & Óscar Montes, 2022. "Understanding the InsurTech dynamics in the transformation of the insurance sector," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(1), pages 35-68, April.
    15. Tseng, Fang-Mei & Palma Gil, Eunice Ina N. & Lu, Louis Y.Y., 2021. "Developmental trajectories of blockchain research and its major subfields," Technology in Society, Elsevier, vol. 66(C).
    16. Kimani, Danson & Adams, Kweku & Attah-Boakye, Rexford & Ullah, Subhan & Frecknall-Hughes, Jane & Kim, Ja, 2020. "Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    17. Kelly Gerakoudi-Ventouri, 2022. "Review of studies of blockchain technology effects on the shipping industry," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-18, December.
    18. da Fonseca, André Luís A. & Campos, Roberta D., 2021. "The cultural intertwining of consumption and entrepreneurship: A selective review of qualitative studies," Journal of Business Research, Elsevier, vol. 135(C), pages 149-162.
    19. Michael Gusenbauer, 2022. "Search where you will find most: Comparing the disciplinary coverage of 56 bibliographic databases," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2683-2745, May.
    20. Zhang, Yang & Wang, Yang & Du, Haifeng & Havlin, Shlomo, 2024. "Delayed citation impact of interdisciplinary research," Journal of Informetrics, Elsevier, vol. 18(1).

    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:jsusta:v:16:y:2024:i:10:p:4102-:d:1394190. 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.