How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland

Thomas Puschmann, Christian Hoffmann and Valentyn Khmarskyi
Additional contact information
Thomas Puschmann: University of Zurich
Christian Hoffmann: University of Zurich - Department of Banking and Finance
Valentyn Khmarskyi: University of Zurich, Department of Banking and Finance, Students

No 21-20, Swiss Finance Institute Research Paper Series from Swiss Finance Institute

Abstract: The financial services industry is currently undergoing a major transformation, with digitization and sustainability being the core drivers. While both concepts have been researched in recent years, their intersection, often conceived as “green FinTech,” remains under-determined. Therefore, this paper contributes to this important discussion about green FinTech by, first, synthesizing the relevant literature systematically. Second, it shows the results of an empirical, in-depth analysis of the Swiss FinTech landscape both in terms of green FinTech startups as well as the services offered by the incumbents. The research results show that literature in this new domain has only emerged recently, is mostly characterized by a specific focus on isolated aspects of green FinTech and does not provide a comprehensive perspective on the topic yet. In addition, the results from the literature and the market analysis indicate that green FinTech has an impact along the whole value chain of financial services covering customer-to-customer (c2c), business-to-customer (b2c), and business-to-business (b2b) services. Today the field is predominantly captured by startup companies in contrast to the incumbents whose solutions are still rare.

Keywords: sustainability; FinTech; InsurTech; green FinTech; climate change; digital transformation (search for similar items in EconPapers)
Pages: 30 pages
Date: 2021-03
New Economics Papers: this item is included in nep-env and nep-pay
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3798360 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:chf:rpseri:rp2120

Access Statistics for this paper

More papers in Swiss Finance Institute Research Paper Series from Swiss Finance Institute Contact information at EDIRC.
Bibliographic data for series maintained by Ridima Mittal ().