Needs and Perspectives on Emerging Banking Trends in the Age of Fintech

Adalberto Rangone and Sarmad Ali

Chapter 7 in Fintech and Green Investment:Transforming Challenges into Opportunities, 2024, pp 181-214 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This work aims to understand current trends in the financial sector. Many trends are the technological solutions provided by new players operating in the financial sector (fintech), leading to different perspectives for the future awaiting private citizens and companies. This work presupposes the need to understand how the traditional financial system is able to keep up with the continuous and changing demands of a society that is evolving towards 4.0 and is increasingly aiming to meet environmental, social, and governance sustainability criteria. Above all, this chapter requires an understanding of the real reasons why systems such as decentralised finance are taking over despite the presence of well-established players. In this work, the authors aim to investigate the players, the battleground of a clash between tradition and innovation in the financial field, and whether the measures adopted by the banking system to adapt to the trends of technological innovation are sufficient to stand up to a real model of innovative development which sees a closer relationship between stakeholders and companies and which is far from the traditional banking–company system.

Keywords: Fintech; New Institutional Economics; Climate Change; Commons; Financialization; Distributed Ledger Technology; Neoliberalism; Trilemma; Securitisation; Blockchain; Sustainability; Innovation; Circular Economy; Implementation; Governance; Challenge; Security; Decentralization; Digital Currencies; Circular Economy; Environmental Accountancy; Food Loss; Food Security; Food Waste; Industrial Symbiosis; Material Flow Analysis; Waste Management; China; Green Growth; Digital Finance; Big Four; Coal; Sustainable Development; Bitcoin Mining; Proof-of-Work (PoW); Energy Consumption; Carbon; Footprint; Market Value; Investor Attention; Google Search Volume; Causality; Cardano Coin; Behavioural Finance; Green Cryptocurrencies; Proof-of-Stake (PoS); Energy Efficiency; Green Finance; DeFi; CeFi; Banking System; Financial System; Bank-based Systems; Market-based Systems; SMEs; Corporate Ownership; Cross-border Banking Flows; De Jure; De Facto Regulations; Green Banking; Environmental Risks; Green Finance Regulation; Green Finance Policies; Gender Equality; Financial Inclusion; Women; Climate Change; Environment; Inequality; Poverty; Central Bank Digital Currency (CBDC); Common Prosperity; Sustainable Democracy; Economic Inequality Elimination; COVID-19; Economic Perspectives; Interdisciplinary Study; Youth Banking; Unbanked; Underbanked; Neobank; Accessibility; Practicability; Financial Inclusion; Digital Technologies; Energy Sector; Financial Issues; Supply Chain Financing (search for similar items in EconPapers)
JEL-codes: G2 Q5 (search for similar items in EconPapers)
Date: 2024
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