Pathology of Lending Technology Development in Iran Based on The Conceptual Framework of Technological Innovation System

Document Type : Original Article

Authors

1 Ph.D, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran

2 Assistant Professor, Institute of Technology Studies, Tehran, Iran

10.22034/jstp.2024.11613.1758

Abstract

Lendtechs facilitate and accelerate the provision of services tailored to people's needs, thereby increasing financial inclusion and helping to develop the country's economy. But the provision of services in this area is facing obstacles that lead to asymmetry between supply and demand. The development of lendtech as an innovative technology requires the proper functioning of the financial and lendtech system in the country. This research has identified the challenges of lendtech development in the country and has identified the functional and structural weaknesses of the lending technological innovation system. In this regard, it used the case study strategy. First, the existing documents, laws and reports have been studied and the measures taken to develop lendtech in the country, the events and legal restrictions facing this industry have been reviewed. Then, through interviews with 16 people from the field of lendtech, the challenges and then the structural and functional weaknesses of the system have been explained. The findings showed that the problems of the lendtech system are caused by the problems of legislation, financing, providing infrastructure, providing expert staff, research and education, training and positioning of traditional players in the country, and improving the current situation requires clarifying the field of activity of lendtechs, how to validate and receive collateral, determine the financing and earning mechanism is to promote cooperation with financial institutions.

Keywords

Main Subjects

References

References
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