Selecting the Fintech Strategy for Supply Chain Finance: A Hybrid Decision Approach for Banks

Many banks are eager to adopt technology solutions to enhance operational efficiency in managing supply chain finance, which involves various participants and complex financial activities. Previous research either focuses on the technology aspect or the optimization of a supply chain; there is littl...

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Bibliographic Details
Published inMathematics (Basel) Vol. 10; no. 14; p. 2393
Main Authors Kao, Yu-Cheng, Shen, Kao-Yi, Lee, San-Ting, Shieh, Joseph C. P.
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.07.2022
Subjects
Artificial intelligence
Asymmetry
Automation
Bank technology
banking
Banks
Blockchain
Business information
Case studies
Cryptography
Decision analysis
Decision making
Electronic data interchange
Evaluation
Finance
Financial services
Financing
Fintech
fuzzy set theory
hybrid multiple criteria decision-making
Internet
Loans
Mathematics
Open systems
Optimization
Pandemics
Small & medium sized enterprises-SME
Subject specialists
supply chain finance
Supply chain management
Supply chains
Taiwan
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Summary:Many banks are eager to adopt technology solutions to enhance operational efficiency in managing supply chain finance, which involves various participants and complex financial activities. Previous research either focuses on the technology aspect or the optimization of a supply chain; there is little specific guidance on how banks can form a holistic model to evaluate their Fintech strategy for supply chain finance. By using an integrated approach, this study adopted the decision- making trial and evaluation laboratory (DEMATEL) and several analytical methods to construct a hybrid decision model for banks. We concluded four plausible Fintech strategies from previous research and highlighted the advantages of the blockchain-based strategy. We used a domestic bank in Taiwan as a case study during the evaluation phase and implemented crisp and confidence-based fuzzy assessments. The result indicates that the blockchain-based leading strategy would be ideal for this bank. The hybrid decision model also unveils the complicated relationships among those evaluation factors, which sheds light on banks pursuing their innovation in financial services. The findings contribute to banks developing their Fintech-based supply chain financing business, and the supply chain participants may also benefit from securing efficient loans to expedite their operations.
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ISSN:2227-7390
2227-7390
DOI:10.3390/math10142393