The FinTech Industry: Crowdfunding in Context
Paul Griffiths ()
Additional contact information
Paul Griffiths: Métis Lab
Chapter 11 in Advances in Crowdfunding, 2020, pp 241-270 from Springer
Abstract:
Abstract This chapter presents how the financial services sector, especially banking, was a driver for ICT development in the last quarter of the twentieth century and early years of this century. But several phenomena happened on technological, social, and financial fronts in the second half of the last decade that led banks to ‘get their eyes off the ball’ and open the window for a whole new industrial sector to emerge, FinTech. This chapter analyses the phenomenon with the objective of answering: Why did FinTech emerge as an industrial sector, independent of banking? How is the FinTech industry organized and where does crowdfunding fit in? The chapter identifies three external forces that acted upon the banking system and created the conditions for the FinTech sector to emerge. It also looks at the FinTech sector from an industrial organization perspective and proposes a framework connecting financial services functionality and technological applications.
Keywords: Crowdfunding; FinTech; Banking technology; Financial innovation; Banking; Alternative finance; Information and communications technology (ICT); ERP (search for similar items in EconPapers)
Date: 2020
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:spr:sprchp:978-3-030-46309-0_11
Ordering information: This item can be ordered from
http://www.springer.com/9783030463090
DOI: 10.1007/978-3-030-46309-0_11
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().