2022/03/09 by Victor Murinde, Efthymios Rizopoulos, Markos Zachariadis · 1 citation
Business, Management and Accounting · Computer Science · Economics, Econometrics and Finance · #Banking stability, regulation, efficiency #Blockchain Technology Applications and Security #FinTech, Crowdfunding, Digital Finance
paper · doi:10.1016/j.irfa.2022.102103
openalex publication_date 2022/03/09 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
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.