The Financial Technology (FinTech) Influence on SME Performance and Its Economic Contributions.

EasyChair Preprint 15129

Abstract

The rapid rise of Financial Technology (FinTech) has revolutionized the financial landscape, offering Small and Medium-Sized Enterprises (SMEs) innovative solutions that enhance their operational efficiency and growth potential. This abstract explores the influence of FinTech on SME performance, particularly in terms of access to financing, payment solutions, and financial management tools. Through the use of digital platforms, mobile banking, and peer-to-peer lending, SMEs can overcome traditional barriers to finance, enabling improved cash flow management and capital access. The research also highlights the broader economic contributions of FinTech-enhanced SMEs, such as increased productivity, job creation, and market competitiveness. By facilitating easier and faster transactions, FinTech solutions contribute to a more inclusive financial system, helping SMEs thrive in both local and global markets. The paper concludes that the continued integration of FinTech into SME operations is critical to driving sustainable economic development and fostering

Keyphrases: Access to Capital, Blockchain Technology, Crowdfunding, Digital Payments, Financial Management Tools, Financial Technology (FinTech), Small and Medium-sized Enterprises (SMEs), customer experience, economic development, operational efficiency, peer-to-peer lending

@booklet{EasyChair:15129,
  author    = {Wayzman Kolawole},
  title     = {The Financial Technology (FinTech) Influence on SME Performance and Its Economic Contributions.},
  howpublished = {EasyChair Preprint 15129},
  year      = {EasyChair, 2024}}