An Attempt at Synthesis: Financial Market Digitalisation Scenarios, Opportunities and Challenges

Alessandra Tanda and Cristiana-Maria Schena ()
Additional contact information
Cristiana-Maria Schena: University of Insubria

Chapter Chapter 6 in FinTech, BigTech and Banks, 2019, pp 101-108 from Palgrave Macmillan

Abstract: Abstract The FinTechFinTech revolution has changed the financial markets which are now facing a point of no return. New products, services and processes are being offered by new entrants, be they FinTech, BigTech or digital native financial intermediaries. A competitive power that mainly derives from the new business models adopted for the provision of financial services is forcing incumbent banks to rethink their approach to the market and to customers. BigTechBigTech and FinTech represent worrying competitors, but also an opportunity for partnerships, especially for smaller banks. The future development of banking business models will also be shaped by the regulatory steps that will be taken by the authorities. These should aim to level the playing field to ensure financial stability and consumer protection.

Keywords: FinTechFinTech; BigTech; Information; Banking business model; Digitalisation (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:pmschp:978-3-030-22426-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030224264

DOI: 10.1007/978-3-030-22426-4_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().