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Firms in the financial services industry have been faced with the dramatic and relatively recent emergence of new technology innovations, and process disruptions. The industry as a whole, and many new fintech start-ups are looking for new pathways to successful business models, the creation of...
Persistent link: https://www.econbiz.de/10012917586
This report presents the findings of a global survey on AI in Financial Services jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum in Q2-Q3 2019. Representing one of the largest global...
Persistent link: https://www.econbiz.de/10012842311
The digitalization of financial services opened a window for new players in the financial industry. These start-ups take on tasks and functions previously reserved for banks, such as lending, payments, or investment. In this article, we trace the transformation of the industry after...
Persistent link: https://www.econbiz.de/10012947875
empirically examines the influence of fintech innovation on bank fragility. Mainly the destabilizing impact of fintech innovation …. Moreover, the results highlight also that the macroeconomic environment is important in explaining bank fragility and suggested … monetary union performs better than the others in terms of bank solidness. These results indicate that suitable fintech …
Persistent link: https://www.econbiz.de/10012233560
Fintech promises to spur financial inclusion and close the gender gap in access to financial services. Using novel survey data for 28 countries, this paper finds a large and ubiquitous ‘fintech gender gap’: while 29% of men use fintech products, only 21% of women do. Country characteristics...
Persistent link: https://www.econbiz.de/10013238278
to recent regulatory initiatives and the enabling ecosystem for fintech businesses. The non-bank Lending vertical is the …
Persistent link: https://www.econbiz.de/10014089007
Technological innovation is transforming the world quickly, especially in the Fourth Industrial Revolution (4IR) age. The financial sector is also changing overwhelmingly with technology. This sector is considered the backbone of an economy. It is evident that without the direct support of...
Persistent link: https://www.econbiz.de/10014345139
We provide new evidence on the effects of competition on incumbents' innovative behavior by examining the rise of FinTech start-ups over the period 2000-2016. We employ machine learning techniques to classify a large global sample of patent applications into five FinTech categories. We exploit...
Persistent link: https://www.econbiz.de/10012799292
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