The traditional banking sector faces increasing challenges through financial technology (FinTech) and newer forms of financial innovation. FinTech is technologically enabled innovation which can add value to the banking sector and fintech lending of products to customers has already started to become prevalent.
In practice, the banking industry is facing several operational challenges for lending risk. Risk is being taken off securitized, brokered and financial reporting stages where fintech lending is using digitalizing banking service delivery. The difference between FinTech and financial innovation is related with the use of new technology as financial innovation reduces cost and provides higher quality services to customers while FinTech is a part of financial innovation and concentrates on the usage of technological processes to improve the quality of the financial services.
As we understand that the strategic options banks must match lenders with efficient borrowers. The traditional and Fintech lending banks are in the same space, competing for lending to businesses. FinTech could disintermediate the banking sectors business. The competitive pressures that will facilitate mainly the Internet and/or mobile devices by using technology. A proliferation of lending innovative products and services may increase the complexity of financial services delivery, making it more difficult to manage and control operational risk. Banking IT systems may not be sufficiently adaptable or implementation practices, such as change management, may be inadequate. Little has been investigated in the performance and risk analysis of Fintech lending services.
From a developing economy context, this research will investigate fintech lending mechanisms and assess types of risk, including operational risk and cyber risk. The sample banks will be chosen from developing country’s banking database for a comparative study of high operational risk and cyber risk and within its IT governance system. A mixed method research strategy will apply for this Fintech lending performance risk research.
Applicants should hold or expect to obtain a good honours degree (2:1 or above) in a relevant discipline. A masters level qualification in a relevant discipline is desirable, but not essential, as well as a demonstrable understanding of the research area. Further details of the expected background may appear in the specific project details. International students will be subject to the standard entry criteria relating to English language ability, ATAS clearance and, when relevant, UK visa requirements and procedures.
How to Apply
Applicants should apply online for this opportunity at:
Please use the Online Application (Funded PHD) application form. When asked to specify funding select “other” and enter ‘RDS’ and the title of the PhD project that you are applying for. You should ensure that you clearly indicate that you are applying for a Funded Studentship and the title of the topic or project on the proposal that you will need to upload when applying. If you would like to apply for more than one project, you will need to complete a further application form and specify the relevant title for each application to a topic or project.
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