Unlocking Synergies: Exploring Key Drivers of Collaboration between Iran's Banking Sector and Fintech Innovators
الموضوعات : International Journal of Finance, Accounting and Economics StudiesArash Onsori 1 , Abbass Khamseh 2 , Taghi Torabi 3 , Hamidreza Yazdani 4
1 - Department of Technology Management, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 - Associate professor, Department of Industrial Management, Karaj Branch, Islamic Azad University, Karaj, Iran.
3 - Associate Professor, Department of Economics, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
4 - Associate Professor, Department of Management and Accounting, Farabi Faculty, University of Tehran, Tehran, Iran
الکلمات المفتاحية: Fintech collaboration, Banking innovation, financial sector disruption, Strategic cooperation, Iranian financial landscape,
ملخص المقالة :
This study investigates the factors underpinning strategic cooperation between Iran's banking system and fintech startups, shedding light on the dynamic landscape of the financial sector. Employing a mixed-methods approach, the research unfolds in two phases: qualitative and quantitative. In the qualitative stage, 14 experts from both the banking system and fintech enterprises participated in semi-structured interviews. Data analysis was facilitated by Atlas.ti software, employing open coding, axial coding, and selective coding techniques. For the quantitative phase, questionnaires were distributed to 320 managers and experts, with data analysed using structural equation modelling (SEM). The study identifies eight categories: managerial acumen, science and technology infrastructure, structural elements, organizational facets, cultural dimensions, digital transformation, trust-building mechanisms, and legal considerations. All significantly influence strategic cooperation, providing a comprehensive framework for understanding collaboration within Iran's financial landscape. The findings highlight that all eight identified factors significantly influence the strategic cooperation between the banking system and fintech startups. While this study focuses on Iran, its insights are widely applicable. It emphasizes harmonizing managerial, technological, and cultural components as stakeholders navigate the ever-evolving fintech landscape, benefiting policymakers, researchers, and industry actors. Further the research can inform public policy and enhance corporate social responsibility. It may also influence public attitudes and improve the quality of life through innovative financial services and products. This study provides a comprehensive framework for understanding the complexities of collaboration within Iran's financial landscape, offering valuable insights for comprehending and navigating the transformative crossroads of traditional banking and fintech innovation.
