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Introducing the FinTech Revolution

  • Alessandra TandaEmail author
  • Cristiana-Maria Schena
Chapter
  • 2k Downloads
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

The digitalisation of financial markets is having a profound impact on the nature of client financial product and service provision. New entrants (FinTech and BigTech firms) are now operating on the financial markets by leveraging advanced technologies and innovative business models, applying competitive pressure to incumbent firms. This book analyses the business models used by FinTech and BigTech firms and banking institutions in order to highlight differences and analogies, including in the light of current debates over the need for a renewed regulatory framework which balances the potential risks and opportunities generated by FinTech.

Keywords

FinTech BigTech Digitalisation Banks Business model 

References

  1. Arner, D. W., Barberis, J., & Buckley, R. P. (2016). The evolution of FinTech: New post-crisis paradigm. Georgetown Journal of International Law, 47(4), 1271–1320.Google Scholar
  2. BIS-BCBS. (2018, February). Sound practices. Implications of fintech developments for banks and bank supervisors. Basel Committee on Banking Supervision—BIS. Retrieved March 27, 2019, from https://www.bis.org/bcbs/publ/d431.pdf.
  3. EBA. (2017, August 4). Discussion paper on the EBA’s approach to financial technology (FinTech). EBA/DP/2017/02.Google Scholar
  4. EBA. (2018, July 3). EBA report on the impact of Fintech on incumbent credit institutions’ business models.Google Scholar
  5. FSB. (2017, June 27). Financial stability implications from FinTech, supervisory and regulatory issues that merit authorities’ attention.Google Scholar
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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of Economics and ManagementUniversity of PaviaPaviaItaly
  2. 2.Department of EconomicsUniversity of InsubriaVareseItaly

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