Performance measurement for fintech company

Authors

DOI:

10.46223/HCMCOUJS.econ.en.13.1.2100.2023

Keywords:

fintech; finance; performance; performance measurement; the balanced scorecard

JEL Classification:

O30; G20

Abstract

This paper proposes a frame measure for evaluating the fintech company’s performance. Based on the existing publications of multi-dimensional approaches to performance measurement and the fintech company, the study is conducted as a review article. The Balanced Scorecard is considered a suitable approach for the highest citations and application capacity in various kinds of firms. With the combination of the Balanced Scorecard and the highlighted characteristics of the fintech company, the frame measure is proposed for evaluating the fintech company’s performance. In detail, the fintech strategy map and four perspectives of performance with twenty-three measurements are proposed. The study provides the framework for the next quantitative studies that regard the estimation of the relationship between fintech performance and conventional banks. The new evidence of the Balanced Scorecard application for the fintech company is a new kind of firm in the digital era.

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References

Al-Alawi, A. I. (2018). Using balanced scorecard in measuring the performance of online banking: Cultivating strategic model map in financial sector-case of Bahrain. Journal of Internet Banking and Commerce, 23(2), 1-26.

Al-Najjar, S. M., & Kalaf, K. H. (2012). Designing a balanced scorecard to measure a bank’s performance: A case study. International Journal of Business Administration, 3(4), 44-53. doi:10.5430/ijba.v3n4p44

Amedofu, M., Asamoah, D., & Agyei-Owusu, B. (2019). Effect of supply chain management practices on customer development and start-up performance. Benchmarking, 26(7), 2267-2285. doi:10.1108/BIJ-08-2018-0230

Arner, A., Arner, D. W., Barberis, J., & Buckley, R. P. (2015). The evolution of FinTech: A new post-crisis paradigm? (UNSW Law Research Paper No. 2016-62). Retrieved May 20, 2021, from  http://hdl.handle.net/10722/221450

Beck, T. (2012). The role of finance in economic development: Benefits, risks, and politicsIn D. Muller (Ed.), The Oxford handbook of capitalism (pp. 161-203).  doi:10.1093/oxfordhb/9780195391176.013.0007

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Received: 23-11-2021
Accepted: 26-01-2022
Published: 18-10-2022

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Abstract: 1122
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How to Cite

Tien, P. P., & My, N. T. H. (2022). Performance measurement for fintech company. HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 13(1), 169–184. https://doi.org/10.46223/HCMCOUJS.econ.en.13.1.2100.2023