Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system

Rui Ai (), Yuhang Zheng (), Serhat Yüksel () and Hasan Dinçer ()
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Rui Ai: Bank of China Chengdu High-Tech Industrial Development Zone Sub-Branch
Yuhang Zheng: University of Electronic Science and Technology of China
Serhat Yüksel: İstanbul Medipol University
Hasan Dinçer: İstanbul Medipol University

Financial Innovation, 2023, vol. 9, issue 1, 1-28

Abstract: Abstract This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments. A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimination and choice translating reality techniques based on quantum spherical fuzzy sets. First, in this model, the criteria for distributed energy investment necessities were weighted. Second, we ranked the components of the fintech ecosystem for distributed energy investments. The main contribution of this study is that appropriate strategies can be presented to design effective fintech ecosystems to increase distributed energy investments, by considering an original fuzzy decision-making model. Capacity is the most critical issue with respect to distributed energy investment necessities because it has the greatest weight (0.261). Pricing is another significant factor for this condition, with a weight of 0.254. Results of the ranking of the components of the fintech ecosystem indicate that end users are of the greatest importance for the effectiveness of this system. It is necessary to develop new techniques for the energy storage process, especially with technological developments, to prevent disruptions in energy production capacity. In addition, customers’ expectations should be considered for the development of effective and user-friendly financial products that are preferred by a wider audience. This would have a positive effect on fintech ecosystem performance.

Keywords: Fintech ecosystems; Innovative financial products; Distributed energy investments; Multi SWARA; ELECTRE (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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DOI: 10.1186/s40854-022-00442-6

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