Proceedings of the 2nd International Conference on Sustainable Business Practices and Innovative Models (ICSBPIM-2025)

<Previous Article In Volume
Next Article In Volume>

Exploring the Determinants of Financial Innovation: The Moderating Role of Risk

Authors
Sonia Peter1, *, Chetna Mahaur2
1Gitarattan International Business School, Delhi, India
2Gitarattan International Business School, Delhi, India
*Corresponding author. Email: sonia.researchdesk@gmail.com
Corresponding Author
Sonia Peter
Available Online 4 November 2025.
DOI
10.2991/978-94-6463-872-1_10How to use a DOI?
Keywords
Financial Innovation; Financial Markets; Risk
Abstract

The financial services industry’s ability depends more on innovation as customer demands evolve continuously. Research on financial innovation is relatively limited and fragmented in India. This study focuses on the determinants of financial innovation in India, with risk as a moderating factor. Data were collected through a structured questionnaire administered to professionals in fintech firms and financial institutions. Validity, reliability, and confirmatory factor analysis were conducted to validate the constructs. Structural equation modeling (SEM) was used to test the hypotheses, followed by moderation analysis to assess the risk’s influence. Results have suggested that demand for financial services, regulatory framework, market competition, technological advancement, capital input, employee skill significantly drive financial innovation, with capital input exhibiting higher impact. According to the study, risk is a critical moderator which is affecting the relationship between innovation and regulatory environment, market competition, and employee skill. The findings provide valuable input for building strong financial innovation ecosystems in developing countries like India.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2nd International Conference on Sustainable Business Practices and Innovative Models (ICSBPIM-2025)
Series
Advances in Economics, Business and Management Research
Publication Date
4 November 2025
ISBN
978-94-6463-872-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-872-1_10How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sonia Peter
AU  - Chetna Mahaur
PY  - 2025
DA  - 2025/11/04
TI  - Exploring the Determinants of Financial Innovation: The Moderating Role of Risk
BT  - Proceedings of the 2nd International Conference on Sustainable Business Practices and Innovative Models (ICSBPIM-2025)
PB  - Atlantis Press
SP  - 111
EP  - 134
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-872-1_10
DO  - 10.2991/978-94-6463-872-1_10
ID  - Peter2025
ER  -