The research strategy describes the way the authors conducted their research of information to find the best results possible. There is different range of strategy, as it can go through interviewing people, analyzing researches from the same fields, studying articles and books on the subjects, and in this case it is also about reading news as this subject developing every single day. An interview consist of meeting between five and ten different people with different roles, and fields of action to diversify the information. Then the author must chose a sample of questions to ask the interviewee and the answers from his point of view. The more interview conducted, the less bias there will be. In the case of the research the interview …show more content…
It usually focuses more on words rather than numbers, with an inductive/interpretivist analysis from the authors as the data sampled are more human oriented. Quantitative data are more focused exact information. It is something relying on numbers and figures to prove mathematically the right answer. There must be no human feeling in the information, to not bias the data. Those are conducted through experimental surveys. This survey tried to gather both quantitative and qualitative data to provide the most developed research possible. The authors think the human aspect of a research is essential to understand the feelings of individuals involved with the Fintech. It is broadly about a new experience arising, and the sensation of people matters in that case and must not be avoided. At the same time, it is a scientific science relying on numbers and on the financial market. Thus an quantitative research must be as well considered to see the evolution. Time Horizon The concept of Fintech has been created quite recently. The impact of the financial crisis on the market obliged customer to adapt their demand to more simple products and the market stabilized at a very low level. This research focused thus on the past ten years to see how, from a worldwide drown economy how this concept of Fintech emerged. Ethical Issues This study is focused on an aspect of the financial market, and on the private life of customers. There is, thus a real ethical issue
Quantitative data is facts that are written in numerical form and then proven. The way Quantitative data is recorded is in numbers. An example of Quantitative data is 55%take bus, 25% take train, 10% walk and 10% car.
3. Quantitative data is easily compiled into something meaningful because it is based on concrete data. On the other hand, qualitative data is presented in a raw form and needs
The researcher must set a clear hypothesis, showing the relationship between independent and dependent variables. In quantitative research tools are used to collect numerical data. The information can be gathered using questionnaires or some type of equipment. Quantitative data is efficient at testing a hypothesis, but can miss contextual detail. In quantitative research, the researcher is often objectively separated from the subject matter. One of the ways quantitative research is different from qualitative research is that quantitative research requires extraction of large amounts of statistical data. Qualitative research is focused in on personal viewpoints and opinions of a smaller number of subjects (typically). Qualitative research can take more time than quantitative research (McCusker & Gunaydin,
It is essentially research based on numerical data, including collection and analysis. For example, asking questions with yes or no answers to be able to gather a number of statistics for the search. There are a number of methods used for data collection with the quantitative approach to research, these include, questionnaires, surveys, experiments observation schedules and measuring tools. With quantitative research there are two types of sampling methods, probability and non-probability. Probability is the likelihood of the population of the research will be included into the final sample, when every unit has more than zero chance of being selected.
“Quantitative research involves numbers and measuring quantitative or amounts”. (Whitehouse, M, 2010:425). Methods that involve quantitative data may
“In Ciporin’s view, consumer-facing FinTech startups have arisen naturally out of the limitations in banking operations.
The change and advancement in technology are a significant factor in the banking business. Technology has led to tremendous improvements in this industry. Since the commencement of this millennium, people have shown great love for their mobile phones (Ozaki 1992). It necessitated the invention of mobile applications (APPs). From the introduction of the mobile banking, APP people rarely go to the banks. All their transactions get done simply by the stroke of a finger. Businesses face a challenge of adapting to changes in the technology sector. Mobile banking either through actual investing or any other means is on the rise.
JPMorgan Chase has been adjusting to the new financial advances in technology. Financial Technology (FinTech) is “an emerging financial services sector in the 21st century” that includes “any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment, and even crypto-currencies like bitcoin” (Investopedia, (n.d.)).
FinTech is an emerging financial services sector in the 21st century and banks will begin to act as a platform to many FinTech Firms, which will help the future growth of the banking industry. We define investing in the banking industry to be a safe move and, in the long run, will continue to
Financial institutions are key component to a functioning society in today’s day and age. The economic cycle depends on financial institutions to conduct transactions for its worldwide clients. These transactions can be as small as withdrawing money or applying for a loan to start up a new business. The employees of every financial institutions are the key to successfully providing these services to their customers.
The entire interview hinges on the understanding of the world view of the individual from his own standpoint and not how he understands the world in relation to the other people in the region where he resides. This
Technological advancement has had a gigantic effect in the banking industry. Over the past few decades, the financial services industry has changed considerably with banking transforming from the pen and paper method to the computers and internet method. The pen and paper method took weeks or even months for the transaction to be eventually completed, and then the dramatic introduction of the computer and internet method which changed that time frame to only a matter of seconds to be completed, which reduced the amount of time and labor needed to complete a transaction significantly. Banking is considered one of the most important economic sectors with it being severely influential and responsive to any little change, whether it is domestic or international. Some extreme changes that were brought about by the development of this new technology turned into a globalized nature for the financial services industry. One stroke of a key on a computer could and would change a person 's life extensively or even have a global impact. The new technologies that were created and introduced changed how the consumers managed their money from that time on. Technology has helped to protect peoples’ hard earned money and make it much more impossible for people to be able to write out bad checks or even holding up a bank. The advancement in technology however, also came with some security risks as most things do, that could affect the money that people trusted with the bank and
Due to the fact that the research work is a simple study or project and not needed or required in getting a degree namely thesis and dissertation, the researcher will not analyze his data through high and complex statistical methods. Only the numbers of answers will be given and analyzed by the researcher. Furthermore, only the tallying and percentage will be conducted by the researcher.
List of abbreviations List of tables Acknowledgements Abstract 1. 2. 3. 4. 5. 6. 7. 8. Introduction Problem statement Objectives and hypothesis of the study Literature review Structure and performance of the financial sector in
More than the precedent quarter-century a theatrical consolidation occurs among banks. For instance, in the US there are about 7,600 commercial banks these days, down from around 13,000 in 1980. on the other hand, simultaneously, the tall pace of bringing in modernizations8, the rising intricacy of dangers, quick amendments in economic transportation like electronic networks, the budding function of institutional depositors, and robust and further multifaceted links among banks and capital markets, guide to budding qualms about the long-standing productivity of numerous of the prevailing banking models and fundamental tactic. For instance, banks' customary informational benefits prolong to be corroded (Oliver, 2007). There are countless urgent questions regarding the future of this hub purpose of banks making credit accessible to households and businesses, counting the share of pure rapport lending in banks' tactic. an additional illustration of doubt adjacent the design of tactics for the future apprehension the function of e-banking. Just some years back, bank tactics alert on the apparently