The Future Study of Financial Technology in Iran - Scenario Planning Approach (in Persian)

Reza Koshesh Kordsholi, Reza Gholami Jamkerani (), Mohammad Hassan Maleki () and Mirfeyz Fallah Shams
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Reza Koshesh Kordsholi: Ph.D. Student of Financial Engineering, Qom Branch, Islamic Azad University, Qom, Iran.
Reza Gholami Jamkerani: Assistant Professor Department of Accounting and Finance, Qom Branch, Islamic Azad University, Qom, Iran
Mohammad Hassan Maleki: Associate Professor, Department of Industrial Management, Faculty of Management and Economics, University of Qom, Iran.
Mirfeyz Fallah Shams: Associate Professor, Department of Financial Management, Tehran Central Branch, Islamic Azad University, Tehran, Iran.

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2020, vol. 25, issue 3, 33-63

Abstract: Financial technology is the design and delivery of financial products and services through technology, and it is of great importance for industries and business development. The aim of this study is to identify the future of financial technology in Iran through the lens of scenario planning. For data analysis, the Binominal test and EDAS were used. Initially, 15 key drivers were extracted from a systematic review of the literature and interviews with experts. The number of experts in this study was 30 people who answered the questionnaires and expressed their views on the importance of factors in terms of the Likert scale. At this stage, 5 factors were excluded due to the significance coefficient. After screening the unimportant key factors, the key factors were assessed by experts using EDAS, and two drivers of the integration of financial technology laws and standards, and the ease of international exchanges manifested as the top priorities for experts. Based on these two drivers, four scenarios for the future of financial technology in Iran can be identified: the paradise of financial technology, the world of persecution, the abandoned island, and the hell of financial technology. Obviously, the financial technology paradise is the most desirable scenario, and the financial technology hell describes the worst.

Keywords: Future Study; Scenario; Plausible Scenarios; Financial Services Industry; Financial Technology. (search for similar items in EconPapers)
JEL-codes: E61 G14 G23 (search for similar items in EconPapers)
Date: 2020
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