The Role of Financial Technology in Developing The Banking Industry - A Comparative Analytical Study Of The Malaysian Experience And The Kingdom Of Sauodi Arabia

Mohammed KOUDJIL,Elhadi ELBEKAIE

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Published: Jul 5, 2024

Keywords:

fintech;banking;blockchain,Malaysia,SaudiArabia

Mohammed KOUDJIL,Elhadi ELBEKAIE

Abstract

The study highlights the role of using fintech technologies in the banking
industry, such as blockchain technology, smart contracts, artificial intelligence,
cloud computing, big data analysis... in terms of product quality and reducing
effort, time and even costs. The Malaysian and Saudi experience is considered a
model in this regard. The field through strategic visions and establishing the
legislative and regulatory infrastructure to adopt fintech technologies. Thus, the
two countries are considered among the pioneers of fintech in the banking sector
through the results and numbers achieved in a period not exceeding ten years from
2015-2022, which is what the study details through its axes.

Issue

Vol. 61 No. 7 (2024)

Section

Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.

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