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Marin Laboure and Nicolas Deffrennes (2022): Democratizing finance – the Radical promises of Fintech

Author

Listed:
  • Kirti Sood

    (Kirti Sood Doon University)

  • Simarjeet Singh

    (Indian School of Business)

Abstract

Financial services are enduring a profound transformation. Disruptive technologies are rewiring the broking, insurance, payment, lending and wealth management services. Fintech innovations are reshaping economies and societies by democratizing financial services. Digital payment services, crowdfunding, crowdlending, digital currencies, online discount broking and Robo-advisory services are extending financial services to the unserved segments of society through low-cost innovative solutions. Although fintech has attracted a lot of media attention, however, there is a dearth of literature on the effect of financial technologies on the overall economic outlook of economies. The present book explores the economic and social impact of fintech services. This book offers a research-based view of fintech?s potential impact on fostering greater financial inclusion and reducing economic inequality.

Suggested Citation

  • Kirti Sood & Simarjeet Singh, 2022. "Marin Laboure and Nicolas Deffrennes (2022): Democratizing finance – the Radical promises of Fintech," Journal of Evolutionary Economics, Springer, vol. 32(5), pages 1581-1586, November.
    • Handle: RePEc:spr:joevec:v:32:y:2022:i:5:d:10.1007_s00191-022-00789-0
    DOI: 10.1007/s00191-022-00789-0
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    More about this item

    Keywords

    G11; G2; L1;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G2 - Financial Economics - - Financial Institutions and Services
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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