The Technological Impact in Finance: A Bibliometric Study of Fintech Research

This paper is a review of research work done in FinTech that included technological innovation in finance in area such as the credit market (including Peer-2-Peer lending), insurance with a blockchain-assisted smart contract and payment systems (including cryptocurrencies). The paper provides a bibliometric review of FinTech in finance based on the published articles and journals in the Scopus database relating to 1,717 publications available between 1960 and 2021 onward. Furthermore, various software such as Biblioshiny for graphs and tables, Microsoft Excel to carry out frequency analysis, and VOSviewer for data visualization design illustrate technological impact in finance. This paper details the results utilizing standard bibliometric measures such as authorship, active institutions, citation analysis, document type, geographical distribution, keywords analysis, publication year, source type, source title and subject area. The findings proved that publications in this field are on constant augmentation in the last decades, especially in the previous six years from 2015, since the number of publications skyrocketing, leading by the USA and China, the FinTech study pioneers. The rising research in this area points out the technological impact on financial products and services, which ultimately affects human’s lifestyle in the new worldwide digital economy.