1st Edition

Advances in Emerging Financial Technology and Digital Money

Edited By Yassine Maleh, Justin Zhang, Abderrahim Hansali Copyright 2024
    408 Pages 136 B/W Illustrations
    by CRC Press

    The financial sector is witnessing rapid technological innovations, leading to the emergence of Fintech (financial technologies), revolutionizing national and international financial landscapes. Fintech is expanding and enhancing financial products and services, making them more accessible and affordable while transforming customer relationships, payment methods, financing, and transfers.

    Advances in Emerging Financial Technology and Digital Money provides a platform for collective reflection, bringing together institutions, policymakers, digital and financial service providers, professionals, and academics from various disciplines. The aim is to clarify the challenges, opportunities, and socio-economic impacts of innovations in finance and technology on citizens and businesses in Morocco, Africa, and worldwide. This comprehensive collection offers valuable insights into the current state and prospects of financial technology and digital money.

    This book covers all the essential topics, including:

    • AI and Machine Learning in Fintech and Beyond
    • Financial Inclusion, Literacy, and Behavior
    • Fintech Ecosystems, Collaboration, and Analysis
    • Blockchain, Security, and Sustainability
    • Fintech Innovations and Applications

    In this new book, the authors share their experiences to provide a comprehensive and well‑researched overview of the technologies and concepts that will transform the banking industry as we know it. It aspires to be a useful reference for executive managers, CIOs, Fintech professionals, and researchers interested in exploring and implementing an efficient Fintech strategy. The book also presents selected papers from International Fintech Congress (IFC 2022).

    1 Emerging Fintech and Digital Money: Current Trends and Future Perspectives

    Abdelkebir Sahid and Yassine Maleh

    Section 1 AI and Machine Learning in Fintech and Beyond

    2 E-Payment Fraud Detection in E-Commerce using Supervised Learning Algorithms

    Manal Loukili, Fayçal Messaoudi, and Hanane Azirar

    3 Artificial Intelligence and Stock Market

    Karim Amzile

    4 Machine Learning Clustering: Application on Aggregated and Non-Aggregated Financial Data

    El Aidouni Salma, Benhouad Mohamed, Mestari Mohammed, and El Mansouri Adnane

    5 Candlestick Patterns Recognition in Bitcoin Price Action Graph Chart Using Deep Learning

    Abdellah El Zaar, Nabil Benaya, Abderrahim El Allati, and Toufik Bakir

    6 Prediction of Stock Markets Using Deep Learning Architectures

    Khalid Bentaleb, Mohamed Ben Houad, and Mohammed Mestari

    7 Improving Credit Card Fraud Detection with Distributed Machine Learning and Bfloat-16

    Bushra Yousuf, Rejwan Bin Sulaiman, and Musarrat Saberin Nipun

    8 A Proposed Semi-decentralized Approach of Federated Learning for Enhancing CCFD Using CS-SVM and K-Means Algorithms

    Rejwan Bin Sulaiman

    9 Medical-DCGAN: Deep Convolutional GAN for Medical imaging

    RGUIBI Zakaria, HAJAMI abedlamjid, DYA Zitouni, and Amine ElQaraoui

    Section 2 Financial Inclusion, Literacy, and Behavior

    10 Financial Inclusion and Economic Growth in the Presence of a Cross-Sectional Dependence

    Huynh Thi Thanh Truc

    11 The Role of Tax Policy in Stimulating and Encouraging Investment in Jordan

    Yaser Arabyat and Hussam-eldin Daoud

    12 Financial Development and Economic Growth: An Experimental Evidence Based on Quantile Regression

    Van Chien Nguyen

    13 Importance of Financial Literacy Education and Financial Behavior for Developing Nations in the World

    Venkata Vara Prasad Janjanam and SubbaLakshmi A.V.V.S.

    Chapter 14 A Literature Review on Financial Stability

    El Mansouri Adnane, Benhouad Mohamed, Mestari Mohammed, and El Aidouni Salma

    15 The Behavior of Firms Regarding the Introduction of Financing by Profit- and Loss-Sharing Products in Morocco

    Safa Ougoujil and Sidi Mohamed Rigar

    16 Influence of Financial Innovation on Business Performance:

    Evidence from the SME Food Industry in Malaysia

    Shreen Almas Mohamed Buhary and Hussen Nasir

    Section 3 Fintech Ecosystems, Collaboration, and Analysis

    17 The Role of Collaborative Skills and Knowledge Sharing in the Emergence of Fintech Ecosystems: Case of Casablanca Finance City

    Smyej Oumaima and Si Mohammed Ben Massou

    18 Toward Characterization of the Fintech Ecosystem: A Systematic Literature Review

    Ali Mwase, Ernest Ketcha Ngassam, and Singh Shawren

    19 Analyzing the Impact of the Fear of COVID-19 on Stock Market Returns Using Twitter Text Mining

    Ayoub Razouk, Youness Madani, and Fatima Touhami

    20 Behavior Analysis of Lenders in P2P Lending Platforms: Identifying Cognitive Effort by Response Time Method

    Benhmama Asmaa, Sabiri Brahim, and Melliani Hamza

    Section 4 Blockchain, Security, and Sustainability

    21 Conceiving a Blockchain-Based Upstream Supply Chain Management System Enhancing Innovation and Sustainability

    Ahmed El Maalmi, Kaoutar Jenoui, and Laila El Abbadi

    22 Green Finance in the Moroccan Mining Sector: Cases of Sustainable Development and CSR

    Insaf El Atillah and Mohamed Azeroual

    23 Cloud Data Integrity Auditing and Deduplication Using an Optimized Method Based on Blockchain and MAS

    Mohamed El Ghazouani, Abdelouafi Ikidid, Charafeddine Ait Zaouiat, Layla Aziz, Yassine El Khanboubi, Moulay Ahmed El Kiram, and Latifa Er-Rajy

    24 Securing Crowdfunding Platforms with Blockchain to Boost the Real Estate Sector

    Hibatou Allah Boulsane, Karim Afdel, and Salma El Hajjami

    25 Blockchain Technology: A Proposed Solution to Hike the Tax-to-GDP Ratio in Bangladesh

    Prianka Ghosh Puja and MD Sadik Adnan

    26 Approach for Strengthening the Network Security Based on Boosting Algorithms: Performance Study

    Sabrine Ennaji, Nabil El Akkad, and Khalid Haddouch

    27 Smart Cities Technologies in the Covid-19 Context: A Bibliometric Analysis

    Elafri Nedjwa, Boumali Badreldinne, Lalmi Andallah, Sassi boudemagh Souad Yassine Maleh, Rose Bertrand, and Hemza Barkani

    Section 5 Fintech Innovations and Applications

    28 Fintech Innovations for Supply Chain Resilience

    Asma Boujrouf, Sidi Mohamed Rigar, and L’houssaine Mounaim

    29 Strategic Tools for the Decision to Outsource Maintenance Activities in Moroccan Airports

    Ahlam Boutahar, Mohamed Ben Ali, and Said Rifai

    30 Sustainable Finance and FinTech: Facilitating a Sustainable Future with the Utilization of Socio-Economic Financial Services

    Zerina Bihorac, Azra Zaimovic, and Tarik Zaimovic

    31 Information Society Services in Morocco Regulatory Status and Outlook for Development

    Khalid Abouelouafa and Hafid Barka

    32 Cartography of Mobile Payment Technologies Used in Morocco

    Youness Khourdifi and Abderrahim Hansali

    33 A Machine Learning-Based Recommendation System for Smart Mobility Trip Planning in Morocco

    El Attar Chaimae, Daoudi Najima, Abourezq Manar, El Ghali Btihal, Hilal Imane, and Hnida Meriem


    Yassine Maleh is a double Ph.D. in computer sciences from the University Hassan 1st, Morocco since 2013, and a second Ph.D. in Management from the National School of Business and Management, Settat, Morocco, since 2022. He is a professor of Cybersecurity and IT Governance at the National School of Applied Sciences, Khouribga, Morocco, and was a former IT Service Manager at the National Port Agency, Morocco. He is a Senior Member of IEEE, Member of the International Association of Engineers IAENG, and The Machine Intelligence Research Labs. Dr. Maleh has contributed to information security and privacy, Internet of Things Security, Wireless and Constrained Networks Security. His research interests include Information Security and Privacy, Internet of Things, Networks Security, Information system and IT Governance. He has published over than 140 papers (Book chapters, international journals, and conferences/workshops), 30 edited books, and 5 authored books. He is the editor-in-chief of the International Journal of Information Security and Privacy (IJISP). He is an Associate Editor for IEEE, the International Journal of Digital Crime and Forensics (IJDCF).

    Justin Zhang is a faculty member at the Coggin College of Business at the University of North Florida. He received his Ph.D. in Business Administration with a concentration on Management Science and Information Systems from Pennsylvania State University, University Park. His research interests include economics of information systems, knowledge management, electronic business, business process management, information security, and social networking. He is the Editor-in-Chief of the Journal of Global Information Management, an ABET program evaluator, and an IEEE senior member.

    Abderrahim Hansali, PhD in Economics and Management, graduate of the Institut Supérieur de l'Administration in Rabat and ENA in Paris, and Agrégé de l'Electronique et de l'Informatique Industrielle at ENSET in Rabat, is currently a Research Teacher at ENCG in Marrakech and a consultant in digital strategies and change management. His career began as a founding teacher of BTS preparatory classes in Morocco. After working for the Agence Nationale de Réglementation des Télécommunications in Rabat on the implementation of a quality management system (2007) and as an auditor for the Inspectorate General of the Ministry of National Education (2008), he was appointed Deputy Director & National Coordinator of the GENIE program within the same Ministry (2009), where he helped set up the Laboratoire National des Ressources Numériques. Since 2016, he has taken up teaching and research duties in management sciences at Cadi Ayyad University in Marrakech.

    In 2014, he set up the FONDATION MAROC NUMERIQUE, a non-governmental organization dedicated to supporting digital strategies and promoting a citizen digital culture. In 2019, he helped set up ACISS (African Center for Innovative Sustainable Solutions) at Cadi Ayyad University in Marrakech.