The Fintech Revolution: A Threat to Global Banking?

Juan Jose Cortina Lorente and Sergio Schmukler

No 125038, Research and Policy Briefs from The World Bank

Abstract: The period since the global financial crisis of 2008 has been characterized by the emergence of a broad set of tech-driven financial companies ("fintech"companies), acting in parallel with traditional banking services. Although the new players are ramping up competition, pushing digital transformation and exerting pressure on the global financial sector, their services appear to be highly complementary to the ones provided by the more established banks, which are also embracing these technologies.

Keywords: Financial Structures; Armed Conflict; ICT Economics; Macroeconomic Management; Deposit Insurance (search for similar items in EconPapers)
Date: 2018-03-01
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Citations: View citations in EconPapers (22)

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