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What changes in financial intermediation are to be expected from fintech?

In: CNB Global Economic Outlook - August 2019

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  • Alexis Derviz

Abstract

The term fintech encompasses a very diverse range of projects and applications, only some of which represent genuine innovation, be it financial or technological. The effects on the financial sector depend not just on the quality of the technical solution, but also on the existence of stable, rationally justified demand. Paradoxically, it is the latter condition that makes traditional financial institutions - and not their rivals inhabiting the cyberspace – the ones to guarantee successful fintech projects a long life.

Suggested Citation

  • Alexis Derviz, 2019. "What changes in financial intermediation are to be expected from fintech?," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - August 2019, pages 12-17, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2019/8
    as

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    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2019/gev_2019_08_en.pdf
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    References listed on IDEAS

    as
    1. Stijn Claessens & Jon Frost & Grant Turner & Feng Zhu, 2018. "Fintech credit markets around the world: size, drivers and policy issues," BIS Quarterly Review, Bank for International Settlements, September.
    2. Cynthia Weiyi Cai, 2018. "Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(4), pages 965-992, December.
    3. Dmitry Chervyakov & Jörg Rocholl, 2019. "How to make crowdfunding work in Europe," Policy Contributions 30052, Bruegel.
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    Cited by:

    1. Alexis Derviz, 2021. "Decentralised finance, its prospects and limits: Is blockchain interoperability the only obstacle?," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - July 2021, pages 13-17, Czech National Bank.

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