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The Fintech Revolution: A Threat to Global Banking?

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  • Cortina Lorente,Juan Jose
  • Schmukler,Sergio L.

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.

Suggested Citation

  • Cortina Lorente,Juan Jose & Schmukler,Sergio L., 2018. "The Fintech Revolution: A Threat to Global Banking?," Research and Policy Briefs 125038, The World Bank.
    • Handle: RePEc:wbk:wbkrpb:125038
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    Citations

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    Cited by:

    1. Jie Li & Quanyun Song & Yu Wu & Bihong Huang, 2021. "The effects of online consumer credit on household consumption level and structure: Evidence from China," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(4), pages 1614-1632, December.
    2. Runchi Zhang & Zhiyi Qiu, 2020. "Optimizing hyper-parameters of neural networks with swarm intelligence: A novel framework for credit scoring," PLOS ONE, Public Library of Science, vol. 15(6), pages 1-35, June.
    3. Luo, Sumei & Sun, Yongkun & Zhou, Rui, 2022. "Can fintech innovation promote household consumption? Evidence from China family panel studies," International Review of Financial Analysis, Elsevier, vol. 82(C).
    4. Hasnan Baber & N M Baki Billah, 2022. "Fintech and Islamic Banks - an integrative model approach to predict the intentions," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 24(2), pages 24-45, December.
    5. Hongjoo Hahm & Tientip Subhanij & Rui Almeida, 2021. "Finteching remittances in paradise: A path to sustainable development," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 8(3), pages 435-453, September.
    6. Xiuxiu Jiang & Xia Wang & Jia Ren & Zhimin Xie, 2021. "The Nexus between Digital Finance and Economic Development: Evidence from China," Sustainability, MDPI, vol. 13(13), pages 1-17, June.
    7. Min Zhou & Hua Zhang & Zixuan Zhang & Hanxiaoxue Sun, 2023. "Digital Financial Inclusion, Cultivated Land Transfer and Cultivated Land Green Utilization Efficiency: An Empirical Study from China," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
    8. Javier Sada Bittini & Salvador Cruz Rambaud & Joaquín López Pascual & Roberto Moro-Visconti, 2022. "Business Models and Sustainability Plans in the FinTech, InsurTech, and PropTech Industry: Evidence from Spain," Sustainability, MDPI, vol. 14(19), pages 1-21, September.
    9. Chen, Wen & Wu, Weili & Zhang, Tonghui, 2023. "Fintech development, firm digitalization, and bank loan pricing," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).
    10. Hyun-Sun Ryu & Kwang Sun Ko, 2020. "Sustainable Development of Fintech: Focused on Uncertainty and Perceived Quality Issues," Sustainability, MDPI, vol. 12(18), pages 1-18, September.
    11. Gregor Dorfleitner & Lars Hornuf & Lena Wannenmacher, 2020. "The German FinTech Market in 2020," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(08), pages 33-40, August.
    12. Li, Jie & Wu, Yu & Xiao, Jing Jian, 2020. "The impact of digital finance on household consumption: Evidence from China," Economic Modelling, Elsevier, vol. 86(C), pages 317-326.
    13. Emara, Noha & Zhang, Yuanhao, 2021. "The non-linear impact of digitization on remittances inflow: Evidence from the BRICS," Telecommunications Policy, Elsevier, vol. 45(4).
    14. Yalin Mo & Yuchen Che & Wenqiao Ning, 2023. "Digital Finance Promotes Corporate ESG Performance: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-23, July.
    15. Kun Song & Yu Tang & Dungang Zang & Hua Guo & Wenting Kong, 2022. "Does Digital Finance Increase Relatively Large-Scale Farmers’ Agricultural Income through the Allocation of Production Factors? Evidence from China," Agriculture, MDPI, vol. 12(11), pages 1-15, November.
    16. Cecchetti, Stephen & Schoenholtz, Kermit L., 2020. "Finance and Technology: What is changing and what is not," CEPR Discussion Papers 15352, C.E.P.R. Discussion Papers.

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