Impact of Fintech on Financial Stability of Small and Medium-Sized Business in Kingdom of Saudi Arabia.
The current study analyze impact of FinTech, on financial stability of Kingdom of Saudi Arabia growth inhibitors and obstacles for small and medium-sized businesses. Agriculture, industry, FinTech and services make up the sample's three primary industries. The convenience sample technique was u...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
Transnational Press London Ltd.
2024
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| Online Access: | https://remittancesreview.com/article-detail/?id=1208c http://hdl.handle.net/20.500.11937/95123 |
| Summary: | The current study analyze impact of FinTech, on financial stability of Kingdom of Saudi Arabia growth inhibitors and obstacles for small and medium-sized businesses. Agriculture, industry, FinTech and services make up the sample's three primary industries. The convenience sample technique was used to identify a much higher percentage of SMEs. The expansion of SME is hampered by a number of problems. The study used Principal Component Analysis, a multivariate statistical technique, to identify the most and least important reasons impeding these businesses' expansion and development in Kingdom of Saudi Arabia. Long wait times for loan approval, a lack of collateral, corruption, and management-related challenges are found to be the main factors preventing SMEs in this region from succeeding more. The study identified a wide range of internal and external variables. Based on the findings from the empirical investigation and survey data, the report also makes a number of policy recommendations for regulatory agencies, lending institutions, and SME sector companies. |
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