Introduction: Financial Disruption with a Purpose

Frederic de Mariz

Chapter 1 in Finance with a Purpose:FinTech, Development and Financial Inclusion in the Global Economy, 2022, pp 1-5 from World Scientific Publishing Co. Pte. Ltd.

Abstract: From vehicles to music, from power generation to retail, every aspect of our daily routine has experienced drastic changes in the recent past, driven by secular forces such as digitization, a growing focus on sustainability, regulatory changes and evolving consumer behavior, further accelerated by the Great Lockdown. Financial services are no exception. A change in paradigm is at play in the financial sector, with a surge in competition from non-traditional actors, a revolution in customer experience evidenced by rising transparency and customer-centric strategies. FinTech is defined as “technologically-enabled financial innovation that could result in new business models, applications, processes, or products, with an associated material effect on financial markets and institutions and the provision of financial services”…

Keywords: Open banking; Microfinance; Financial inclusion; Private Equity; FinTech; Bigtech; Two-Sided Platforms; Bank Branches; Banking; Insurance; Investment; Asset Management; Credit; Robo-Advisor; DFI; Development Finance; Multilateral; ESG; Sustainability; Green bonds; TCFD; Regulation; Cybercrime; Innovation; Risk Management; Innovation; Disruption; Sandbox; Superapp; Platform; Nubank; Inter; Pagseguro; Compartamos; Yunus; Stiglitz; Rawls; Banerjee; Duflo; Bernanke; Demirguc-Kunt; Tirole; Aghion; World Bank; CGAP; IMF; Bank of England; European Union; EU Commission; Federal Reserve; Central Bank of Brazil; Impact; Impact Metrics; SASB; Materiality; BIS (search for similar items in EconPapers)
JEL-codes: G2 G21 O1 O33 (search for similar items in EconPapers)
Date: 2022
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