Semantic Scholar Open Access 2022 510 sitasi

The impact of the FinTech revolution on the future of banking: Opportunities and risks

V. Murinde Efthymios Rizopoulos Markos Zachariadis

Lihat Sumber DOI

Abstrak

The financial technologies (FinTech) revolution is in full swing globally. In this paper, we review the burgeoning literature on FinTech and FinTech-enabled services, focusing on the opportunities and risks for banks. Using high quality bank level data from 115 countries around the world for the past 16 years, we compute statistical moments of some key indicators of the changing banking landscape in the FinTech era. Our preliminary findings suggest that it is unlikely that FinTech lenders will replace banks, perhaps because banks are developing their own FinTech platforms or working with FinTech start-ups. We also showcase how regulation, global infrastructures and geopolitical frictions will shape the future of banking. We identify some promising research ideas;we also summarize some key implications, from existing research, for policy makers and practitioners.

Topik & Kata Kunci

Medicine

Penulis (3)

V. Murinde

Efthymios Rizopoulos

Markos Zachariadis

Format Sitasi

APA MLA BibTeX

Murinde, V., Rizopoulos, E., Zachariadis, M. (2022). The impact of the FinTech revolution on the future of banking: Opportunities and risks. https://doi.org/10.1016/j.irfa.2022.102103

Akses Cepat

Lihat di Sumber doi.org/10.1016/j.irfa.2022.102103

Informasi Jurnal

Tahun Terbit: 2022
Bahasa: en
Total Sitasi: 510×
Sumber Database: Semantic Scholar
DOI: 10.1016/j.irfa.2022.102103
Akses: Open Access ✓