Selecting the Fintech Strategy for Supply Chain Finance: A Hybrid Decision Approach for Banks

Yu-Cheng Kao, Kao-Yi Shen, San-Ting Lee and Joseph C. P. Shieh
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Yu-Cheng Kao: Graduate Institute of Management, National Taiwan University of Science and Technology, Taipei 106, Taiwan
Kao-Yi Shen: Department of Banking & Finance, Chinese Culture University, Taipei 111, Taiwan
San-Ting Lee: Department of International Business Administration, Chinese Culture University, Taipei 111, Taiwan
Joseph C. P. Shieh: Graduate Institute of Finance, National Taiwan University of Science and Technology, Taipei 106, Taiwan

Mathematics, 2022, vol. 10, issue 14, 1-20

Abstract: Many banks are eager to adopt technology solutions to enhance operational efficiency in managing supply chain finance, which involves various participants and complex financial activities. Previous research either focuses on the technology aspect or the optimization of a supply chain; there is little specific guidance on how banks can form a holistic model to evaluate their Fintech strategy for supply chain finance. By using an integrated approach, this study adopted the decision- making trial and evaluation laboratory (DEMATEL) and several analytical methods to construct a hybrid decision model for banks. We concluded four plausible Fintech strategies from previous research and highlighted the advantages of the blockchain-based strategy. We used a domestic bank in Taiwan as a case study during the evaluation phase and implemented crisp and confidence-based fuzzy assessments. The result indicates that the blockchain-based leading strategy would be ideal for this bank. The hybrid decision model also unveils the complicated relationships among those evaluation factors, which sheds light on banks pursuing their innovation in financial services. The findings contribute to banks developing their Fintech-based supply chain financing business, and the supply chain participants may also benefit from securing efficient loans to expedite their operations.

Keywords: supply chain finance; banking; blockchain; Fintech; hybrid multiple criteria decision-making; fuzzy set theory (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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