Faculty Publications

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    FinTech Revolution in Bharat
    (Springer Science and Business Media Deutschland GmbH, 2024) Doddamani, S.S.; Bhowmik, B.
    Due to rapid advancements in technology, the financial sector has experienced significant changes in the last few decades. In particular, financial technology (FinTech) has revolutionized the financial services industry, reshaping customer experiences and transforming conventional banking practices. FinTech had a substantial positive impact on the growth of several economies worldwide, and Bharat (India) is at the forefront of this drive. This study explores the advancements of FinTech in Bharat and the role of the public and private sectors in realizing its full potential. The cutting edge technologies like UPI and India Stack and their economic impacts are discussed. The study also focuses on how government initiatives and FinTech disruptors are instrumental in expanding financial inclusion in the country. Furthermore, it delves into the challenges FinTechs face today and provides insights into the evolving solutions to address the key issues. © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.
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    Financial literacy–a regulator of intended investment behaviour: analysing the hypothetical portfolio composition
    (Emerald Publishing, 2024) Rodrigues, C.G.; Gopalakrishna, B.V.
    Purpose: The investment behaviour of individuals has been a major area of interest for several researchers and policymakers due to its great impact on the economy. This study aimed to assess the investment behaviour of individuals in light of their risk appetite and how financial literacy regulates this relationship. Design/methodology/approach: A self-administered structured questionnaire was used to collect responses from individuals using purposive and convenience sampling techniques. Individuals were presented with 16 investment avenues widely offered by the Indian financial market to choose from to construct a hypothetical portfolio. The association between risk appetite, financial literacy and the composition of the hypothetical portfolio was analysed using a gologit model. Findings: Increased risk appetite increased the probability of respondents creating a portfolio with a greater proportion of risky assets and less diversification. Lower levels of financial literacy pointed towards portfolios with traditional and low-risk avenues. The results also revealed a significant moderating impact of financial literacy on risk appetite and the creation of the type of a hypothetical portfolio. Research limitations/implications: Even though the intended behaviour is a close estimate of actual behaviour, there is a possibility of deviation that cannot be ignored. Originality/value: The present study provides insights into how individuals make portfolio choices by incorporating risk appetite and diversification factors whilst making investment decisions, thereby expanding the literature from an emerging economy perspective. The role of financial literacy as a moderator has not been studied in the domain of hypothetical portfolio creation in India, which has been empirically explored in the current study. © 2023, Emerald Publishing Limited.