Fintech and banking: What do we know?

By Anjan V. Thakor. Journal of Financial Intermediation, 2019

1,006 citations recorded by the source corpus.

This paper is a review of fintech and its interaction with banking. Included in fintech are innovations in payment systems (including cryptocurrencies), credit markets (including P2P lending), and insurance, with blockchain-assisted smart contract playing a role. The paper provides a definition of fintech, examines some statistics and stylized facts, and then reviews the theoretical and empirical literature. The review is organized around four main research questions. That paper summarizes our knowledge on these questions and concludes with questions for future research.

Subfields: Finance, Information Systems, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/722270ec3f3bbaf4fcab5857371608b0cc3a0a79

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Citations in the corpus

Do FinTech trigger renewable energy use? Evidence from OECD countries (2021, background): “FinTech companies facilitate the obtention and circulation of information [15] and, by doing so, ease risk assessment and management and lower the external ﬁ nancing costs.”
Risk spillovers between FinTech and traditional financial institutions: Evidence from the U.S. (2020, background): “As this is a rapidly developing sector, there are different ways in which the literature has tried to categorize FinTech institutions (Consumers International, 2017; Thakor, 2019).”
Fintech investments in European banks: a hybrid IT2 fuzzy multidimensional decision-making approach (2021, background): “In addition, Fintech eliminates traditional intermediaries while offering financial services (Thakor 2020).”
The effect of revenue diversification on bank profitability and risk during the COVID-19 pandemic (2021, background): “Fintech, which includes digital and online technologies used in the financial services industry, is transforming the many aspects of banking (see Frame et al., 2019 and Thakor, 2020).”
Sustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuation (2020, background): “The comparison of the regulatory constraints on fintech versus “traditional” financial firms has been investigated in [31,32], according to which, recent tendencies require the banks to increase investment in FinTech, rethink service distribution channels, especially the business-to-consumers models”