This paper aims at analyzing the bank-based versus market-based dichotomy of Kenya's financial system. This is in view of the fact that the financial sector, which is bank dominated, is showing a clear tendency of the banking industry increasingly engaging in capital markets operations. While...

This study examined the implication of financial innovation on financial depth and economic growth in Kenya using quarterly data covering the period 2009 to 2020. Based on autoregressive distributive lag models, we demonstrate a positive relationship between financial innovation and financial...

This paper seeks to examine the effect of Fintech credit on bank stability using an unbalanced panel dataset of 37 commercial banks in Kenya between 2013 and 2020. The recent evolution of Fintech comes with the promise of being both revolutionary and disruptive. The temptation of a...