Figure 7
The diagram shows a central text box labeled “Digital Finance-T B F O Framework.” Surrounding this text box are four text boxes arranged in a circular pattern. Starting from the top and moving clockwise, the text boxes are as follows: The top text box is labeled “Facilitators” with four bullet points as follows: “Regulatory Support,” “Infrastructure Development,” “Artificial Intelligence and Big data,” and “Collaboration between banks and Fintech providers.” The right text box is labeled “Outcomes” with four bullet points as follows: “Theoretical Contributions with new models of financial inclusivity,” “Practical Advancements through improved access to financial services,” “Managerial Implications by providing strategic opportunities for banks and Fintech firms to optimize operations,” and “Social Impact through the reduction in poverty (S D G 1) and economic disparities (S D G 10).” The bottom text box is labeled “Barriers” with four bullet points as follows: “Digital Divide,” “Cybersecurity Threats,” “Regulatory Challenges,” and “Resistance to Change.” The left text box is labeled “Triggers” with four bullet points as follows: “Technological Advancements,” “Pandemic Acceleration,” “Policy Shifts,” and “Consumer preference for cashless and seamless financial services.” A rightward diagonal from “Facilitators” connects to “Outcomes.” A rightward diagonal from “Barriers” connects to “Outcomes.” A rightward diagonal from “Triggers” connects to “Barriers.” A rightward diagonal from “Triggers” connects to “Facilitators.”Triggers-barriers-facilitators-outcomes framework for digital finance. Note: The Conceptual Framework synthesizes the dynamics influencing digital finance adoption. Source(s): Authors’ own work (TBFO = Triggers–Barriers–Facilitators–Outcomes; SDG = Sustainable Development)