Spotlighting Fintech Research in Malaysia: A Systematic Review

Purpose: The primary aim of this systematic review is to identify and synthesize the research on Fintech in Malaysia. This article summarizes the findings of Fintech research published in WOS and Scopus, providing insights into the present Fintech ecosystem in Malaysia. It also advocates for the creation of a foundation for prospective research opportunities in fintech. Design/methodology/approach: The research systematically reviews literature indexed by Scopus and Web of Science to analyze the trends of Fintech research in Malaysia. Findings: Malaysia’s Fintech research concentrates on four domains: blockchain applications, crowdfunding, cryptocurrencies, and electronic wallets. Blockchain technology is being investigated for its potential to enhance efficiency, transparency, and security. Equity crowdfunding is attracting attention, predominantly driven by technology enterprises. Malaysians are progressively adopting cryptocurrencies, signifying an expanding acceptance of digital currencies as financial instruments. The utilisation of e-wallets has surged, especially during the COVID-19 pandemic, owing to their convenience, health considerations, and governmental incentives. Practical implications: This research aids fintech practitioners by illustrating the trends in fintech research published in esteemed journals, specifically WOS and Scopus. The research findings were summarized comprehensively, offering recent insights on the future of fintech, particularly in Malaysia. Originality/value: This paper presents a thorough review of recent Fintech research published in WOS and Scopus. The research elucidates the recent trends in Fintech and synthesizes the findings of the whole study, depicting the current Fintech ecosystem in Malaysia.