Main Article Content
Abstract
Purpose – This paper aims to identify trends and research mapping of financial technology (FinTech) in the ASEAN Region that have been of interest to academics and practitioners through the help of Vosviewers' application in visualizing the data.
Design/methodology/approach – The method used in this research is qualitative research with a literature study approach. The data found were 88 documents and then analyzed. This dataset was converted to CSV format, imported into Bibliometrix, and analyzed.
Findings – This study revealed a significant increase in research on Financial Technology from 2019 to 2023, indicating a growing interest among academics. Key terms such as Finance, Financial Inclusion, Banking, Financial Services, Financial Markets, Financial Services, Financial System, Innovation, Technology Adoption, Governance, and Technology Development were the most frequently used. These concepts are crucial in understanding the impact of Financial Technology on various economic and social aspects. This research highlights the relevance of Financial Technology not only for enhancing financial inclusion but also for public policy, financial stability, and the development of the digital economy globally. Supporting research and development in this area is therefore crucial.
Research limitations/implications – The main limitation of the research should be the use of data only from the Scopus database.
Practical implications – This paper guides academics and practitioners in understanding the key trends and focus of FinTech research. The results also help support FinTech policy development and innovation in the ASEAN region.
Originality/value – This paper reveals the research trends and areas of Financial Technology. The results help scholars quickly understand Financial Technology research. The paper also provides an alternative approach to conducting literature reviews with computer-aided analysis programs.
Keywords: Financial Technology, Technology Adoption, Innovation and Technology Development.
Keywords
Article Details
Copyright (c) 2026 Nurul Wahdaniyah, Achmad Nurmandi, Muhammad Younus

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References
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References
Abis, D., Pia, P., & Limbu, Y. (2025). FinTech and consumers: a systematic review and integrative framework. Management Decision, 63(1), 49–75. https://doi.org/10.1108/MD-07-2023-1136
Adke, V., Bakhshi, P., & Askari, M. (2022). Impact of Disruptive Technologies on Customer Experience Management In ASEAN: A Review. 2022 IEEE International Conference on Computing, ICOCO 2022, 364–368. https://doi.org/10.1109/ICOCO56118.2022.10031882
Akram, M., Nasar, A., & Arshad-Ayaz, A. (2022). A Bibliometric Analysis of Disinformation through Social Media. Online Journal of Communication and Media Technologies, 12(4), e202242. https://doi.org/10.30935/ojcmt/12545
Alsmadi, A. A., Al_hazimeh, A. M., Al-Afeef, M. A., Al-Smadi, A. W., Rifai, F., & Al-Okaily, M. (2023). Banking Services Transformation and Financial Technology Role. Information Sciences Letters, 12(1), 315–324. https://doi.org/10.18576/isl/120126
Arner, D. W., Buckley, R. P., Zetzsche, D. A., & Veidt, R. (2020). Sustainability, FinTech and Financial Inclusion. European Business Organization Law Review, 21(1), 7–35. https://doi.org/10.1007/s40804-020-00183-y
Arroyave-Cabrera, J., & Gonzalez-Pardo, R. (2022). Communication bibliometric research in Latin American scientific journals (2009-2018). Comunicar, 30(70), 85–96. https://doi.org/10.3916/C70-2022-07
Baber, H. (2019). Relevance of e-SERVQUAL for determining the quality of FinTech services. International Journal of Electronic Finance, 9(4), 257. https://doi.org/10.1504/IJEF.2019.104070
Baber, H. (2020). Impact of FinTech on customer retention in Islamic banks of Malaysia. International Journal of Business and Systems Research, 14(2), 217. https://doi.org/10.1504/IJBSR.2020.106279
Banerjee, A. (2020). FinTech Revolution in the Gulf Countries and MENA Region. In Entrepreneurial Finance in Emerging Markets (pp. 335–344). Springer International Publishing. https://doi.org/10.1007/978-3-030-46220-8_21
Beck, T. (2020). ADBI Working Paper Series FINTECH AND FINANCIAL INCLUSION: OPPORTUNITIES AND PITFALLS Asian Development Bank Institute. 1165. https://www.adb.org/publications/fintech-financial-inclusion-opportunities-pitfalls
Billah, M. M., Ahmad, S., & Haq, S. G. (2021). Emergence of i-FinTech in the Contemporary Socio-Economic Reality. In Islamic FinTech (pp. 3–18). Springer International Publishing. https://doi.org/10.1007/978-3-030-45827-0_1
Chen, Z., Xie, J., Li, C., Xiao, J., & Huang, Z. (2021). Research on the Status and Strategy of Developing Financial Technology in China Commercial Bank (pp. 805–819). https://doi.org/10.1007/978-981-15-4409-5_72
Choi, H., Jung, Y., & Choi, Y. (2019). Understanding of the Fintech Phenomenon in the Beholder’s Eyes in South Korea. Asia Pacific Journal of Information Systems, 29(1), 117–143. https://doi.org/10.14329/apjis.2019.29.1.117
Dorhetso, S. N. (2023). Ratings of Barriers and Challenges of Financial Technology in a Developing Economy. In Exploring the Dark Side of FinTech and Implications of Monetary Policy (pp. 67–92). IGI Global. https://doi.org/10.4018/978-1-6684-6381-9.ch004
Gharaibeh, M. K. (2024). Determinants affecting the intention to adopt financial technology. International Journal of Data and Network Science, 8(4), 2087–2096. https://doi.org/10.5267/j.ijdns.2024.6.022
Gomber, P., Kauffman, R. J., Parker, C., & Weber, B. W. (2018). On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services. Journal of Management Information Systems, 35(1), 220–265. https://doi.org/10.1080/07421222.2018.1440766
Gopal, S., Gupta, P., & Minocha, A. (2023). Advancements in Fin-Tech and Security Challenges of Banking Industry. 2023 4th International Conference on Intelligent Engineering and Management (ICIEM), 1–6. https://doi.org/10.1109/ICIEM59379.2023.10165876
Ha, D., Nguyen, M., Nguyen, K., & Şensoy, A. (2025). Unveiling financial inclusion dynamics: Fintech’s resonance in Association of Southeast Asian Nations (ASEAN). International Journal of Finance & Economics, 30(2), 1348–1371. https://doi.org/10.1002/ijfe.2963
Haqqi, F. R., & Suzianti, A. (2020). Exploring Risk and Benefit Factors Affecting User Adoption Intention of Fintech in Indonesia. Proceedings of the 3rd Asia Pacific Conference on Research in Industrial and Systems Engineering 2020, 13–18. https://doi.org/10.1145/3400934.3400939
Hudz, Henrikh. (2024). The Role of Financial Technologies in the Development of New Financial Instruments and Markets. Economic Affairs, 69(1s), 401–410. https://doi.org/10.46852/0424-2513.1.2024.42
Hussein, H. H., Amen, H. A., & Hachim, B. A. (2021). Financial Technology between Reality and Application Developing the Incubating Environment and the Expected Role to Achieve Sustainable Development in Iraq. Academy of Entrepreneurship Journal, 27(2S). https://www.abacademies.org/articles/financial-technology-between-reality-and-application-developing-the-incubating-environment-and-the-expected-role-to-achieve-sustai-11603.html
Imam, T., McInnes, A., Colombage, S., & Grose, R. (2022). Opportunities and Barriers for FinTech in SAARC and ASEAN Countries. Journal of Risk and Financial Management, 15(2), 77. https://doi.org/10.3390/jrfm15020077
Ji, Y. G., Tao, W., & Rim, H. (2020). Mapping corporate social responsibility research in communication: A network and bibliometric analysis. Public Relations Review, 46(5), 101963. https://doi.org/10.1016/j.pubrev.2020.101963
Jourdan, Z., Corley, J. K., Valentine, R., & Tran, A. M. (2023). Fintech: A content analysis of the finance and information systems literature. Electronic Markets, 33(1), 2. https://doi.org/10.1007/s12525-023-00624-9
Karakas, C., & Stamegna, C. (2018). Defining A Eu-framework for financial technology (Fintech): Economic perspectives and regulatory challenges. Law and Economics Yearly Review, 7(1), 106–129. https://www.laweconomicsyearlyreview.org.uk/Law_and_Economics_Yearly_Review_LEYR_Journal_vol_7_part_1_2018.pdf
Labafi, S., Rezvanian, A., Kamarei, K., & Mohammadi, D. (2022). Bibliometric mapping of media policy per data from Web of Science (2000-2019). Media Management …, 1(1), 53–77. https://doi.org/10.22059/mmr.2022.87743
Leong, C., Tan, B., Xiao, X., Tan, F. T. C., & Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37(2), 92–97. https://doi.org/10.1016/j.ijinfomgt.2016.11.006
Lim, S. H., Kim, D. J., Hur, Y., & Park, K. (2019). An Empirical Study of the Impacts of Perceived Security and Knowledge on Continuous Intention to Use Mobile Fintech Payment Services. International Journal of Human–Computer Interaction, 35(10), 886–898. https://doi.org/10.1080/10447318.2018.1507132
Loo, M. K. L. (2019). Enhancing Financial Inclusion in ASEAN: Identifying the Best Growth Markets for Fintech. Journal of Risk and Financial Management, 12(4), 181. https://doi.org/10.3390/jrfm12040181
Lubis, M., Saputra, M., & Agustika Nurtrisha, W. (2021). Financial Technology Development Framework for Prosperity of the Nation and Potential Direction. Proceedings of the 9th International Conference on Computer and Communications Management, 212–218. https://doi.org/10.1145/3479162.3479194
McDonald, R. M., & Eisenhardt, K. M. (2020). Parallel Play: Startups, Nascent Markets, and Effective Business-model Design. Administrative Science Quarterly, 65(2), 483–523. https://doi.org/10.1177/0001839219852349
Minz, N. K., Bhardwaj, P., & Chaudhary, D. (2024). Financial Inclusion. In Emerging Perspectives on Financial Well-Being (pp. 175–191). IGI Global. https://doi.org/10.4018/979-8-3693-1750-1.ch009
Mohamad, S. N. A., Dali, N. R. S. M., & Basah, M. Y. A. (2024). Navigating the Moral Compass of Halal FinTech in Islamic Finance: Harvesting Benefits While Curbing Risks. In Emerging Technology and Crisis Management in The Halal Industry (pp. 157–171). Springer Nature Singapore. https://doi.org/10.1007/978-981-97-1375-2_10
Mohd, N., Razali, M., Yahaya, M. H., & Baharuddin, Z. N. (2024). The Roles of Islamic Financial Technology (FINTECH) in Fostering Financial Inclusion in Malaysia. Management and Accounting Review, 23(1), 329–355. https://www.researchgate.net/publication/381520937_The_Roles_of_Islamic_Financial_Technology_FINTECH_in_Fostering_Financial_Inclusion_in_Malaysia
Muryanto, Y. T. (2023). The urgency of sharia compliance regulations for Islamic Fintechs: a comparative study of Indonesia, Malaysia and the United Kingdom. Journal of Financial Crime, 30(5), 1264–1278. https://doi.org/10.1108/JFC-05-2022-0099
Nurhasanah, N., & Rahmatullah, I. (2020a). Financial Technology and the Legal Protection of Personal Data: The Case of Malaysia and Indonesia. Al-Risalah: Forum Kajian Hukum Dan Sosial Kemasyarakatan, 20(2), 197–214. https://doi.org/10.30631/alrisalah.v20i2.602
Nurhasanah, & Rahmatullah, I. (2020b). The legal protection of sharia financial technology in Indonesia (Analysis of regulation, structure and law enforcement). International Journal of Advanced Science and Technology, 29(3), 3086–3097. http://repository.uinjkt.ac.id/dspace/handle/123456789/52532
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