A Systematic Review and Integrated Framework of Fintech's Role in SME Internationalization

Abstract

This systematic review investigates the growing role of financial technology (fintech) in aiding the internationalization of small and medium-sized enterprises (SMEs). With the increasing interconnectivity of global markets, it is essential to comprehend fintech's impact on SME expansion. The study employs a meticulous bibliometric analysis to consolidate existing literature and formulate an integrated framework that clarifies the fintech-SME internationalization relationship. In this research, a systematic review of 110 articles related to both “financial technology” and “internationalization”, from 2017 to 2023, have been examined. The methodology involves a thorough examination of reviewed articles, utilizing sophisticated bibliometric techniques to pinpoint key themes, trends, and research clusters. This approach provides a comprehensive understanding of the field's development and current state. The findings indicate that fintech significantly reduces barriers to international trade for SMEs by offering innovative financial solutions. The integrated framework developed in this review illustrates the diverse ways fintech enables SMEs to overcome traditional challenges in international expansion.

This study adds to the expanding body of literature on internationalization and provides valuable insights for policymakers, practitioners, and researchers. It emphasizes the transformative potential of fintech in reshaping SME internationalization strategies and highlights areas for future research in this rapidly evolving field.