Fintechs Contribution to Supply Chain Finance Value Creation Via Banking and Financial Systems

Title

Fintechs Contribution to Supply Chain Finance Value Creation Via Banking and Financial Systems

Creator

Makhija, Priya; Kukreja, Megha; Chacko, Elizabeth

Description

In every business, finance takes an important role which does give birth to buyer and supplier. The market is growing due to an increase in the use of supply chain financing by SMEs to improve their cash flow operations resulting requirement to manage massive volumes and speeds of data in fintech industries propelling market to move forward. However, the market's expansion is hampered by a lack of global standardisation and government-imposed tight controls on the fintech industry. The potential of Blockchain technology (BCT) has been explored in the field of digital assets and digital currency. BCT provides automation with increased efficiency and speed, greater transparency, and enhanced security and traceability. Every challenge whether faced by the company in supply chain finance or the financial intermediary can be neutralised with the use of technology. Today, technology in finance or fintech is a booming area. Where every domain in business is using technology to improvise, finance is not behind. This emerging and ever-changing field of fintech is providing many opportunities for sophisticated supply chain finance. 2025 The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Singapore Pte. Ltd.

Source

Trends and Challenges of Electronic Finance: Perspectives from Emerging Markets;pp.277-290

Date

01-01-2025

Publisher

Springer Science+Business Media

Subject

Blockchain Technology (BCT); Fintech; SMEs; Supply Chain Finance (SCF); Value creation

Coverage

Makhija P., Center for Management Studies, Jain (Deemed to Be) University, Bangalore, India; Kukreja M., Center for Management Studies, Jain (Deemed to Be) University, Bangalore, India; Chacko E., School of Business and Management, Christ University, Bangalore, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 978-981963304-3; 978-981963303-6;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1007/978-981-96-3304-3_16

https://www.scopus.com/pages/publications/105023335440?origin=resultslist