FinTech: A more competitive and innovative European financial sector

Summary of contributions to the 'Public Consultation on FinTech: a more competitive and innovative European financial sector'

Fintech – The digital (r)evolution in the financial sector: Algorithm-based banking with the human touch

Click here for part 2 of the report Internet firms throwing down the gauntlet to the banking world. In sections of the financial industry there are many weband data-based financial products and services that customers cannot obtain from either their bank or a similar provider. This gives rise to a new competitive environment. Non-bank, primarily technology-driven providers are entering the mark...

Banking Sector Policies and Financial Development: The Case of Iran

In this paper we empirically examine the effect of various banking policies on financial sector development. To this end, an econometric model in the context of Co-integrated VAR is employed. The results show that financial liberalization and reforms have a significant and positive effect on the banking sector development while inflation rate has a negative effect. Furthermore, the high GDP...

Financial technologies paving a bright new path for the world’s unbanked population

FinTech play a pivotal role in facilitating access to financial products and services. At the moment, the country characteristics that facilitate the use of FinTech are not adequately identified in the literature. This paper attempts to contribute to the understanding of which country characteristics facilitate the use of FinTech and how FinTech can drive sustainable economic development. Based...

The FinTech phenomenon: antecedents of financial innovation perceived by the popular press

The financial industry has been strongly influenced by digitalization in the past few years reflected by the emergence of “FinTech,” which represents the marriage of “finance” and “information technology.” FinTech provides opportunities for the creation of new services and business models and poses challenges to traditional financial service providers. Therefore, FinTech has become a subject of...