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Статті в журналах з теми "Fintech Market"
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Farooqi, Muhammad Wali, Noshad Hussain Shah Banori, Naqeeb Ullah, Burree Sultan, and Amna Niaz. "The Integration of Fintech in Energy Markets: Economic Benefits and Policy Considerations." Asian Bulletin of Big Data Management 4, no. 3 (September 4, 2024): 51–68. http://dx.doi.org/10.62019/abbdm.v4i3.214.
Повний текст джерелаАнотація:
This study investigates the impact of, financial technology (fintech) integration, on the efficiency, cost reduction, and, sustainability of energy markets, with a, particular focus on, Pakistan. Employing, the Technology-Organization-Environment, (TOE) framework, the research, explores how fintech, adoption, investment in, fintech, regulatory support, technological, infrastructure, and market transparency, influence key market, outcomes. A structured questionnaire, was distributed to professionals, and stakeholders in the, energy sector, yielding 320,responses. The analysis, conducted using, Structural Equation Modeling (SEM) ,in Smart PLS, reveals that fintech, adoption significantly, enhances market efficiency, while, investment in fintech and market, transparency contribute to, cost reduction. Regulatory, support and technological, infrastructure are crucial, for market efficiency, and sustainability, respectively. The, study underscores the, need for a balanced approach that, includes supportive regulatory, frameworks and robust, technological infrastructure to fully, leverage fintech's potential. The findings, offer valuable insights for, policymakers and energy, market participants, highlighting, the critical role of fintech in driving, economic benefits and addressing, market inefficiencies. Future, research should expand, to multiple countries to validate these findings and explore additional contextual factors.
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Czarkowska, Marta, and Michał Polasik. "Success factors for the development of FinTech entities on the Polish market: a case study." e-mentor 105, no. 3 (July 2024): 31–40. http://dx.doi.org/10.15219/em105.1668.
Повний текст джерелаАнотація:
The dynamic development of services in the financial market that use digital technologies has made FinTech synonymous with modernity, and a term with growing popularity, both among banking professionals and the wider consumer community. Since 2009, the dynamic development of this new segment of non-banking startup entities within the financial sector, FinTechs, has been observed. The main objective of this study is to identify success factors for the development of FinTech entities, by conduscting research using a multiple case study method involving six selected FinTech entities operating in the Polish market, supported by an extensive literature review. Our research, as well as the analysis of secondary sources, established that one of the key factors supporting the success of the development of FinTech entities is the establishment of cooperation with banks, which brings significant benefits to both parties - banks and FinTechs - allowing them to exploit the potential for complementarities between their strengths and increase opportunities for joint development. Some of the solutions introduced by FinTechs are fully based on cooperation with banks, for example BLIK, a system integrated with mobile banking applications. The main barrier to the development of FinTechs in Poland has turned out to be limitations related to legal regulations and the manner of their implementation in the Polish market. The financial market is becoming increasingly regulated, and, at the same time, the Polish financial market supervisory authority is pursuing a rather restrictive policy. The most important factor that determines the popularity of digital FinTech services among Polish consumers is the ability to provide them with broadly understood convenience.
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Bondarenko, L., N. Moroz, R. Zhelizniak, and O. Bonetskyy. "FINTECH MARKET DEVELOPMENT IN THE WORLD AND IN UKRAINE." Financial and credit activity problems of theory and practice 6, no. 41 (January 10, 2022): 121–27. http://dx.doi.org/10.18371/fcaptp.v6i41.251410.
Повний текст джерелаАнотація:
Abstract. The trends of fintech development in the world and in Ukraine have been explored in the article. The COVID-19 pandemic has spurred accelerated financial innovation development and increase of investment in this area. Fintech’s payment sector has the highest investment activity and investors’ interest in such sectors as cybersecurity, regtech, cryptocurrency and blockchain is growing. Investors prefer US, UK, and German markets, as well as already developed, sustainable businesses. These investors’ interests and the concentration of investments are projected to continue in the coming years. Ukraine is characterized by a low level of development of financial technologies, but there has been an increase in investment activity in fintech, particularly in 2020 investments were increased in the early stages of business development. The development of fintech in Ukraine is expected to accelerate due to the recent positive changes that have taken place in this direction: a new law on financial monitoring has been enacted, allowing remote identification and verification of clients; the Law of Ukraine «On Virtual Assets» has been enacted, which will allow to regulate the process of circulation of cryptocurrency and development of the cryptosphere; the NBU has became the regulator of financial institutions and creating equal conditions for banking and non-banking institutions to operate on the market; the Fintech Development Strategy 2025 has been developed to stimulate innovation, improve the availability and quality of financial services, and create a strong fintech ecosystem; the Ukrainian Startup Fund has been established to promote the creation and development of technological startups. The following directions for further development of fintech in Ukraine have been defined: improving financial and digital literacy; increasing the availability and safety of non-cash transactions; developing the infrastructure of the fintech ecosystem; integration of the national fintech ecosystem into the global fintech ecosystem; accretion of the fintech market investment potential; financial services sector digitalization. It is necessary to introduce modern transparent methods of regulating the fintech market in order to stimulate financial innovation projects and consumer protection, to stimulate interaction of fintech companies and banks, other financial institutions towards the development and diffusion of financial innovations. Keywords: fintech, investments, innovations, fintech market, fintech companies. JEL Classification G20, G24 Formulas: 0; fig.: 4; tabl.: 0; bibl.: 13.
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Azari, Mahdi, Mohammad hassan Gholizadeh, Rasoul Jamshidi, and Mohammad Ebrahim Sadeghi. "Examining the impact of fintech on liquidity, credit, and market risks in the banking industry." International Journal of Innovation in Engineering 3, no. 4 (December 27, 2023): 13–27. http://dx.doi.org/10.59615/ijie.3.4.13.
Повний текст джерелаАнотація:
Objective: this research investiaged the iranian banking sector and its interaction with fintech and the effect of fintech on liquidity, credit, and market risk. Method: this research is applied research in terms of classification by purpose and descriptive-analytical in terms of execution method. The study examined the relationship between the fintech index and credit risk, liquidity, and market in banks admitted to the Tehran Stock Exchange in the 11-year period between 2010 and 2020. Findings: according to the proposed hypothesis, fintechs have a significant effect on bank liquidity risks, and fintech Index has a positive impact on market risk. Also fintech research has a significant effect on bank credit risks. Conclusion: As a result, the research findings provide a valuable insights into fintech in the banking industry and its impact on the risk dimension. While it is aligned with previous research, there are also significant contradictions that favor further research. The findings highlight the dynamic nature of the relationship between fintech acceptance and risk management and emphasize the importance of ongoing research in this field to inform strategies to enhance the stability and performance of banking institutions
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Holtfort, Thomas, Andreas Horsch, and Joachim Schwarz. "Global fintech entrepreneurship and its influencing factors: An evolutionary economic analysis." Risk Governance and Control: Financial Markets and Institutions 11, no. 1 (2021): 61–79. http://dx.doi.org/10.22495/rgcv11i1p5.
Повний текст джерелаАнотація:
Fintech entrepreneurship has already influenced financial markets and their players worldwide in a disruptive, but also a risky way (Thakor, 2020; Zeranski & Sancak, 2020). In this context, it seems worthwhile to analyze which factors drive the design and development of global fintech entrepreneurship. Thus, the paper takes fintech-related research a step further by exploring the drivers of fintech evolution in different countries and continents that display different levels of fintech activity. For this purpose, first economic, technological, legal, and cultural factors influencing the development of fintech entrepreneurship are examined from an evolutionary point of view, and second, a generalized linear mixed model is used in order to evaluate the statistical relevance of these factors on fintech entrepreneurship more comprehensively. The analyzed data period from 2000 to 2017 also makes it possible to assess the influence of the dot.com bubble and the financial crisis on fintech entrepreneurship. The results of the empirical analysis suggest that the gross domestic product (GDP), regulatory burden, government tech procurement and the degree of individualism are important drivers of fintech startup activity. These findings help gauge the present and future market position of fintechs, leading to implications for entrepreneurs, competitors, and regulators alike.
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Das, Dona, Rahul Shenoy, and Likitha D. "The Role of Fintech in Increasing Retail Participation in the Indian Stock Market." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 11 (November 5, 2024): 1–7. http://dx.doi.org/10.55041/ijsrem38135.
Повний текст джерелаАнотація:
The rapid growth of financial technology (fintech) has brought substantial changes to retail investor activity in the Indian stock market. This study examines how fintech developments have boosted retail participation from 2017 to 2024, primarily through mobile trading platforms, robo-advisors, and digital payment solutions. Using a quantitative research method with secondary data, the study tracks the year-over-year increase in retail shareholders, noting a significant rise particularly after 2021. The findings point to factors such as the Digital India initiative, growing adoption of fintech, and evolving market conditions as key drivers that have reduced entry barriers for retail investors. The analysis establishes a connection between the advancement of fintech and improved access to the stock market, underlining fintech's significant contribution to democratizing investment opportunities. Nonetheless, ongoing issues like regulatory challenges and financial literacy gaps remain, highlighting the need for continued efforts to maximize fintech's potential in fostering sustainable growth in retail investment.
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Anielak, Karolina. "Fintech as a Source of Financial Innovations on the Polish Financial Services Market." Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego 19(34), no. 1 (April 1, 2019): 162–71. http://dx.doi.org/10.22630/prs.2019.19.1.15.
Повний текст джерелаАнотація:
The paper presents the definition of innovation, advancement and development of the Fintech sector on the global scale, with particular emphasis put on Poland. Fintechs, i.e. IT companies that provide increasingly more modern solutions for customers active on the financial markets are not fully described in the literature on the subject. The aim of the paper was to present a comprehensive definition of Fintech, show the scale of this type of ventures around the world and in Poland, and analyze the forms and potential of the cooperation of Fintech companies with financial services entities, in particular with the banks. The article uses a critical analysis of the literature of mainly English-language studies from the last 5 years, indicating the state of financial innovations and their importance on the global scale. The author analyzed statistical data from PWC Global Fintech Report, CitiGPS reports, Capgemini reports and KPMG, which enabled her to present the value of global investments in Fintech. The performed cause and effect analysis indicates that investments in the Fintech sector are becoming more and more popular, that this market will be growing due to cooperation, among others, with the banks which want to meet the requirements of their customers using more advanced technologies.
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Chi, Haochen. "The Current Situation and Development of Fintech." Advances in Economics, Management and Political Sciences 132, no. 1 (December 19, 2024): 104–9. https://doi.org/10.54254/2754-1169/2024.18450.
Повний текст джерелаАнотація:
With the rapid advancement of digital technology, financial technology (FinTech) has emerged as a transformative force in the financial services industry. FinTech not only meets consumer demand for efficient and convenient financial services but also drives innovation and competition in global financial markets. The expanding market size and increasing investment in FinTech highlight its significance in economic development, making it essential to study its current status, trends, and challenges. This study aims to explore the market size, regional development, and obstacles faced by FinTech, focusing on key markets in North America, Europe, and Asia. The research combines a literature review with case analysis. The subjects include global FinTech companies, traditional financial institutions, and regulatory bodies. Data sources comprise industry reports from organizations like Statista and McKinsey, academic literature, and market analysis data. The findings reveal that the global FinTech market exceeds $1.5 trillion and is poised for continued rapid growth. The study also identifies significant regional disparities in development and highlights challenges, including regulatory compliance and data security. Overall, while FinTech plays a crucial role in the global financial system, it must navigate various challenges to ensure sustainable growth.
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Vu, Thanh Son, Chien Thang Nguyen, and Hoang Le Duc. "The Impact of FinTech on Retail Banking: Empirical Evidence from Bank for Investment and Development of Vietnam." International Journal of Research and Review 11, no. 1 (January 29, 2024): 656–70. http://dx.doi.org/10.52403/ijrr.20240174.
Повний текст джерелаАнотація:
This paper is aimed at (i) synthesizing the impacts of FinTech on retail banking; (ii) analyzing the Vietnam FinTech and retail banking sector (iii) assessing the impacts of FinTech on retail banking of Bank for Investment and Development of Vietnam (BIDV) – the biggest bank in Vietnam in term of asset with strong digital transformation and retail banking orientation. Using secondary data and internal information of BIDV, key findings are: First, the impacts of FinTech on retail banking are mixed. FinTech's growth has promoted banking services by enhancing the flexibility and usability of financial services with lower costs and more efficient risk management. FinTech also brought various negative impacts on retail banking such as being the direct competitor in some retail market segments, cybercrime, and strategic and credit risks to banks. However, the positive impacts surpass the negative impacts. Second, Vietnam's FinTech ecosystem and retail banking sector have been significantly developed and still have much potential. Both banks and FinTechs in Vietnam realize the win-win approach in cooperation, but banks still recognize the challenges of FinTech in their retail banking operations. Third, at BIDV, the impacts of FinTech on retail banking are significantly positive, resulting from motivation to strengthen digital transformation, to utilize technologies and collaboration for higher quality services. FinTech helps BIDV to increase customers and transaction volumes, diversify products with innovative solutions and better service quality, safe transactions with cost savings. No negative impacts of FinTech on retail banking have been found at BIDV yet. Fourth, BIDV, State Bank of Vietnam (SBV) and other stakeholders should implement some solutions for better FinTech utilization in improving retail banking services and to mitigate the negative impacts in the future. Keywords: digital transformation, FinTech, financial innovation, financial services, retail banking.
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Joia, Luiz Antonio, and Joaquim Pedro Vasconcelos Cordeiro. "Unlocking the Potential of Fintechs for Financial Inclusion: A Delphi-Based Approach." Sustainability 13, no. 21 (October 22, 2021): 11675. http://dx.doi.org/10.3390/su132111675.
Повний текст джерелаАнотація:
The financial sector is experiencing an accelerated process of transformation shaped by fintechs, which opens an important window of opportunity to increase financial inclusion in emerging markets, such as Brazil, with high financial exclusion. Thus, this article investigates, through a Delphi approach involving fintech professionals, the potential of fintechs to enable financial inclusion in emerging markets, using Brazil as a proxy. The analysis carried out identified three domains related to fintechs that have the potential to impact financial inclusion: (i) fintechs can serve niches of people without a bank account in the traditional financial market, (ii) fintechs can reduce costs for clients through increased competition, and (iii) fintechs can offer financial services in remote locations, far from traditional financial institutions. Thus, with the objective of developing a public agenda of financial inclusion through fintechs, the article proposes four lines of public policies: (i) expansion and modernization of mobile and internet infrastructure, (ii) improvement of the population’s financial and digital education, (iii) implementation of a trustworthy environment for the fintech clients, and (iv) development and enforcement of an effective legal and regulatory framework for fintechs. These policies, if implemented, can benefit people excluded from the financial system around the world.
Дисертації з теми "Fintech Market"
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Eckman, Lovisa, and Lundgren Philip. "How Do Fintech Firms Establish Themselves on The Financial Market? : A Qualitative Study of Swedish Fintech Firms." Thesis, Karlstads universitet, Handelshögskolan (from 2013), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-85486.
Повний текст джерелаАнотація:
Over the last decade, the growth of new Fintech firms has increased significantly. However, when Fintech firms enter the financial market they are met by several obstacles, including the barriers erected by incumbent banks, difficulties obtaining financing and the challenge of gaining the trust of the market. This thesis aims to describe how Swedish Fintech firms work together with, or against, the incumbent banks, how they raise capital and what kind of challenges they experience when raising capital and how they work to gain the trust of potential investors, partners and customers. In this thesis it was found that Swedish Fintech firms do not close their doors to cooperation with the incumbent banks, as in exchange for helping the banks with their technology they can get access to banks' customer base and help with regards to costs. The Fintech firms did however think cooperation was less likely to happen if the incumbent banks did not open their mindset and make their processes more effective. Developing the banks’ technology is something the Fintech firms recognize that they can help with. When it comes to gaining the trust of the market, Fintech firms strive to deliver good customer experience, show earlier accomplishments and build legitimacy. The biggest challenge that Fintech firms encounter is the lack of having a known brand on the market and trying to build a name for themselves from scratch. It was found that most of the firms raise capital through private equity even if many of the interviewed firms raise capital as well through indebtedness. Challenges these firms encounter when it comes to raising capital is to mediate their true potential and vision to the investors and to find investors that can help the firm in more ways than just with monetary support. At the same time it was discovered that a few firms did not have any problem finding investors because of their already good network and experience.
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Rybak, Оlena Mykolaivna, and Victoria Sergeevna Biriuk. "Research of innovations in the FinTech sphere." Thesis, National Aviation University, 2021. https://er.nau.edu.ua/handle/NAU/53933.
Повний текст джерелаАнотація:
1. Renaud Ph. Cyber resilience: Tactics to find and fix security vulnerabilities. URL: https://www.cefpro.com/0506ri-cyber-resilience-tactics-to-find-and-fix-security-vulnerabilities/
(дата звернення: 07.10.2021).
2. Мазаракі А., Волосович С. FinTech у системі суспільних трансформацій. Вісник Київського національного торговельноекономічного університету. 2018. №2. С. 5-18.
3. Reagan J. R., Raghavan A., Thomas A. Quantifying risk: What can cyber risk management learn from the financial services industry? Deloitte Review. 2016. Issue 19. URL: https://www2.deloitte.com/insights/us/en/deloitte-review/issue19/quantifying-risk-lessons-from-
financial-services-industry.html (дата звернення: 01.10.2021).
4. Волосович С. В. Regtech в екосистемі фінансових технологій. Електронне наукове фахове видання з економічних наук «Modern Economics», №15 (2019), 62-68. URL:
https://modecon.mnau.edu.ua/issue/15-2019/volosovych.pdf (дата звернення: 05.10.2021).
5. The Pulse of Fintech 2019 KPMG International – KPMG Global : веб-сайт. URL: https://assets.kpmg/content/dam/kpmg/xx/pdf/2019/07/pulse-of-fintech-h1-2019.pdf (дата
звернення: 04.10.2021).
6. Инвестиции в FinTech – сколько вложили в бизнес 2020 года Инвестиции 24 : веб-сайт. URL: https://investment.24tv.ua/ru/investicii-fintech-skolko-vlozhili-biznes-2020-poslednie-
novosti_n1419854 (дата звернення: 04.10.2021).
7. За первое полугодие 2021 в финтех инвестировали $98 млрд Минфин : веб-сайт. URL: https://minfin.com.ua/2021/09/26/72392528/ (дата звернення: 04.10.2021).
8. Інвестиції у фінтех зросли до рекордно високого рівня у першій половині 2021 року, – глобальне дослідження KPMG Pulse of Fintech PaySpace Magazine : веб-сайт. URL: https://psm7.com/uk/fintech/investicii-v-fintex-vyrosli-do-rekordno-vysokogo-urovnya-v-pervoj-
polovine-2021-goda-globalnoe-issledovanie-kpmg-pulse-of-fintech.html (дата звернення: 04.10.2021).
9. Мировой финтех-2021: от «открытого банкинга» до «автономных финансов» Минфин : веб-сайт. URL: https://minfin.com.ua/2021/09/24/72270933/ (дата звернення: 05.10.2021).
10. Супераппы: что это и зачем они нужны Роскачество : веб-сайт. URL: https://rskrf.ru/tips/eksperty-obyasnyayut/superappy-chto-eto-i-zachem-oni-nuzhny/ (дата звернення: 05.10.2021).
11. За первую половину 2021 года европейские финтех-стартапы привлекли рекордный объем инвестиций Bloomchain : веб-сайт. URL: https://bloomchain.ru/newsfeed/za-pervuju-polovinu-2021-goda-evropeiskie-finteh-startapy-privlekli-rekordnyi-obem-investitsii (дата звернення: 05.10.2021).The authors analyzed the innovation market in the field of financial technologies. Ways and methods of stimulating the development of Ukraine in this direction are proposed.
Авторами проаналізовано ринок інновацій в сфері фінансових технологій. Запропоновано шляхи та методи стимулювання розвитку України в даному напрямку.
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Kassoul, Myriam. "Essays on Market Dynamics and Stability in Decentralized Finance." Electronic Thesis or Diss., Institut polytechnique de Paris, 2024. http://www.theses.fr/2024IPPAX021.
Повний текст джерелаАнотація:
Cette thèse se concentre sur la compréhension et l'évaluation de la stabilité de la Finance Décentralisée, dans le but de renforcer l'ensemble de l'écosystème financier.Le premier chapitre explore les Automated Market Makers (AMM), soulignant leur évolution depuis les marchés de prédiction vers les Constant Function Market Makers (CFMMs), et examine leur compétitivité par rapport aux plateformes d'échange centralisées. Il aborde également la valeur maximale extractible (MEV) et ses implications pour les DEXs.Le deuxième chapitre se penche sur la microstructure des DEXs, en particulier Uniswap, et évalue sa capacité à aligner les prix avec ceux des marchés centralisés. Il met en lumière l'impact des coûts d'inventaire sur la précision des prix d'Uniswap, montrant une réactivité réduite des traders aux écarts de prix lorsque les tailles de pool augmentent, mais une convergence plus rapide des prix pour les paires stablecoin-stablecoin.Le troisième chapitre analyse la contagion financière au sein de Compound V2, un protocole de prêt décentralisé sur Ethereum. Il propose une méthodologie pour construire les bilans comptables des pools de liquidité de Compound et simule des scénarios de défaut pour évaluer la robustesse du protocole.Dans l'ensemble, cette thèse approfondit notre compréhension de la DeFi en examinant sa stabilité, sa microstructure de marché et les risques de contagion. Son objectif est de contribuer à un écosystème financier plus résilient et durable en enrichissant la discussion sur la DeFiThis thesis focuses on understanding and assessing the stability of Decentralized Finance (DeFi), with the aim of strengthening the entire financial ecosystem.The first chapter explores Automated Market Makers (AMM), highlighting their evolution from prediction markets to Constant Function Market Makers (CFMMs), and examines their competitiveness against centralized exchange platforms. It also addresses the concept of Maximum Extractable Value (MEV) and its implications for DEXs.The second chapter delves into the microstructure of DEXs, particularly Uniswap, and evaluates its ability to align prices with those of centralized markets. It highlights the impact of inventory costs on the accuracy of Uniswap prices, showing reduced trader responsiveness to price discrepancies as pool sizes increase, but faster price convergence for stablecoin-stablecoin pairs.The third chapter analyzes financial contagion within Compound V2, a decentralized lending protocol on Ethereum. It proposes a methodology for constructing the balance sheets of Compound's liquidity pools and simulates default scenarios to assess the protocol's robustness.Overall, this thesis deepens our understanding of DeFi by examining its stability, market microstructure, and contagion risks. Its aim is to contribute to a more resilient and sustainable financial ecosystem by enriching the discussion on DeFi
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Shetabi, Mehrafarin. "Opacité, analystes financiers et évaluation optimisée du risque dans l'industrie bancaire et les FinTech." Electronic Thesis or Diss., Limoges, 2025. http://www.theses.fr/2025LIMO0001.
Повний текст джерелаАнотація:
Cette thèse examine les interactions entre l'opacité bancaire, l'influence des analystes financiers et l'optimisation du risque, avec un double focus sur le secteur bancaire et celui des FinTech. Composée de trois études, elle explore la stabilité systémique, les comportements des analystes et des outils novateurs de gestion du risque de crédit. Le premier chapitre analyse les banques américaines et européennes, démontrant que l'opacité, mesurée via les erreurs et dispersions des prévisions des analystes, exacerbe les risques, particulièrement dans les petites banques opaques aux États-Unis. La couverture par les analystes amplifie la sensibilité du marché aux signaux négatifs, tandis que les dividendes élevés intensifient les risques liés à l'opacité. Le deuxième chapitre explore les comportements des analystes à l’échelle mondiale, montrant que l’expérience, l’ampleur des portefeuilles et les incitations régionales influencent la précision et l’audace des prévisions. Les analystes américains allient précision et audace, tandis que les analystes européens privilégient l’audace au détriment de la précision. Le troisième chapitre introduit le modèle EFSGA, un modèle d’apprentissage évolutif combinant algorithmes génétiques et apprentissage automatique pour optimiser dynamiquement le risque de crédit dans les FinTech, équilibrant précision et interprétabilité. Cette thèse offre des perspectives essentielles sur l’opacité, le rôle des analystes et des outils de gestion du risque, contribuant à la résilience des systèmes financiers modernesThis thesis provides a comprehensive investigation into the intricate interactions between bank opacity, financial analyst influence, and risk optimization, focusing on the dual contexts of banking and FinTech. Through three detailed studies, it explores how opacity and analyst behavior shape financial stability across varied regulatory environments and introduces an innovative, adaptive approach to optimizing credit risk assessment in FinTech lending.The first chapter rigorously examines the destabilizing effects of bank opacity, particularly during periods of market overvaluation and economic uncertainty, with a focus on U.S. and European banks. Using analyst forecast errors and dispersion as forward-looking measures of opacity, the study reveals that high opacity significantly heightens risk, especially in smaller, opaque U.S. institutions where analyst coverage paradoxically amplifies market sensitivity to negative earnings signals. By contrast, the effects in European banks are less pronounced, reflecting differences in regulatory frameworks and market structures. Additionally, high dividend payouts are shown to intensify opacity-driven risks, highlighting the intricate relationship between transparency, market discipline, and financial prudence in shaping bank stability.The second chapter investigates the role of financial analyst characteristics and career incentives in forecasting accuracy, boldness, and career trajectories across global banking markets, comparing trends in the U.S., Europe, and Asia. The findings demonstrate that experience, firm affiliation, and portfolio breadth significantly influence forecasting behavior, with distinct regional patterns. In the U.S., experienced analysts at leading firms provide bold and accurate forecasts, while younger analysts tend toward herding. In Europe, larger portfolios reduce forecasting accuracy, and younger analysts employ boldness to stand out, often at the expense of precision. These results highlight how regional labor market dynamics and career incentives shape analysts' forecasting contributions and their impact on market discipline.The third chapter addresses the challenges of credit risk assessment in FinTech lending, introducing EFSGA, an evolutionary-based ensemble learning framework that integrates genetic algorithms with machine learning. EFSGA is designed for dynamic, application-specific credit risk classification, balancing predictive accuracy with interpretability while adapting to evolving market conditions in real time. The model significantly outperforms traditional methods in handling unbalanced datasets and providing timely, actionable insights for credit risk management, establishing itself as a powerful tool for post-loan monitoring and risk mitigation in digital finance.Together, these studies offer a holistic analysis of opacity, financial analyst behavior, and advanced risk assessment techniques within banking and FinTech contexts. By clarifying the role of opacity and analyst pressures in shaping stability across financial systems and presenting cutting-edge tools for managing credit risk in emerging digital markets, this thesis provides crucial insights for financial institutions, regulators, and policymakers striving to foster systemic resilience and transparency in an increasingly interconnected financial landscape
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Niemelä, M. (Miikka). "Bank and Fintech competitive dynamics and the perceived value of partnerships in an open banking market environment." Master's thesis, University of Oulu, 2019. http://jultika.oulu.fi/Record/nbnfioulu-201906052394.
Повний текст джерелаАнотація:
Abstract. This thesis discusses the relationship of banks and Fintech companies in the changing European financial markets. In order to answer this thesis’ research questions regarding bank and Fintech competitive advantages and the perceived value of collaboration, a closer look at the underlying market conditions is required. A literature review of previous research reveals that new regulation in the form of Payment Service Directive 2 (PSD2) is being implemented to correct the poor competitive pressures and consequent lack of innovation in the European financial markets. The regulation aims to create more options for consumers and drive consumer benefit by opening the financial markets to new service providers. As a result, an increasing amount of Fintech companies enter the market space and create competitive pressures towards banks by providing superior customer experiences in specific niche service areas. This thesis provides a perspective on bank and Fintech relationship that goes beyond competition and discusses also the possible value of collaboration.
This thesis is conducted as a qualitative case study and the data is collected via theme-based semi-structured interviews with three executive-level bank representatives and six Fintech executives. The interviewees from the bank have extensive experience working with PSD2 and open banking related initiatives and Fintech partnerships. The six Fintech case companies originate from Sweden, UK, USA, Canada and Singapore, and all of them have previous experience collaborating with banks.
The key findings of this research conclude that bank and Fintech competitive advantages are complementary in nature. Banks are trusted actors in the market that benefit from an existing customer-base and established distribution channels, whereas Fintechs are fast, technologically capable, and have niche expertise in specific service areas. The complementarity of bank and Fintech competitive advantages creates opportunities for mutually beneficial collaboration models and incentives for the creation of platform solutions, where greater customer value can be achieved. While open banking and platformization are deemed to have significant effects on incumbents, the results indicate that PSD2 alone is likely to have a smaller effect on banks than suggested by previous research, as the effects are restricted to payments. PSD2 is, however, seen as a catalyst for the larger change towards open banking and platformization.
The findings of this thesis can be utilized by financial market stakeholders, primarily bank and Fintech executives, to position themselves strategically to the development of open banking and platformization. The results can also help bank and Fintech executives understand the core competences that are emphasized in an open banking market and furthermore, understand how to benefit from complementary competences via partnership. This thesis provides a clear managerial implication that bank and Fintech partnerships can unlock significant value for both parties.
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Cedrell, Linda, and Nivin Issa. "The Adoption of Robo-advisory in the Swedish Financial Technology Market : Analyzing the consumer perspective." Thesis, KTH, Industriell ekonomi och organisation (Inst.), 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-235778.
Повний текст джерелаАнотація:
Due to the digitalization revolution within the financial sector fintech companies are challenging the traditional banking institutes with new technologies and innovations. Robo-advisors are the new way to get personalized investment services online instead of using traditional advisory.The aim is to research the consumer adoption of robo-advisory in the Swedish financial sector. Additionally, the core emphasis throughout this thesis is on; consumers personal traits, as well as behavioral factors that impact consumers investment decision. Theories used are mostly innovation theories and behavioural theories. To investigate the aim aquantitative approach is used and a survey with 435 respondents were conducted and two probit and margin regressions was made, one for securities as the dependent variable and one for robo-advisory as the dependent variable. The results show that the adoption of robo-advisoryhas been slow in Sweden due to lack of transparency and information. Lastly, gender was the most significant factor in both regressions.På grund av digitaliseringen inom finanssektorn utmanar fintech företagende traditionella bankinstitut en med ny teknik och nya innovationer. Robotrådgivare är det nya sättet att få personliga investeringsråd istället för att använda traditionell rådgivning. Syftet är att undersöka konsumenternas uppfattning kring robotådgivning i den svenska finans sektorn. Uppsatsen kommer baseras på konsumenternas personliga egenskaper samt beteendemässiga faktorer som påverkar konsumenternas investeringsbeslut. Teorierna som används är innovationsteorier och beteendeteorier. För att undersöka frågeställningarna har ett kvantitativt tillvägagångssättanvänts. En enkätundersökning genomfördes som resluterade i 435 respondenter. Datan från enkäten analyserades via grafer samt två probitregressioner med olika beroende variabler, värdepapper samt robotrådgivning. Resultaten visar att adoptionen av robotrådgivning har varitlångsam i Sverige på grund av bristande transparens och information. Den mest signifikanta faktorerna i båda regressionerna var kön.
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Pandolfo, Thiago Nery. "Do físico ao digital: um olhar sobre a mudança dos hábitos de consumo de produtos e serviços financeiros com a entrada das instituições financeiras digitais no mercado nacional." Universidade do Vale do Rio dos Sinos, 2018. http://www.repositorio.jesuita.org.br/handle/UNISINOS/7146.
Повний текст джерелаАнотація:
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SICREDI - Banco Cooperativo SICREDI S A
Nos últimos anos, o mercado financeiro nacional vem observando a entrada de instituições financeiras digitais. Este movimento tem provocado uma mudança nos hábitos de consumo de produtos financeiros. As fintechs e os bancos digitais vêm entrando no mercado oferecendo produtos e serviços com alta tecnologia embarcada. O presente trabalho busca trazer uma visão sobre estas mudanças, sustentado na teoria do arranjo desenvolvida por Deleuze e Gattari e explorada por outros pesquisadores como Manuel Delanda, Jon Roffe e Bernardo Figueiredo. De caráter qualitativo exploratório, o estudo entrevistou oito consumidores que possuem uma utilização constante de produtos e serviços digitais. Os resultados destas pesquisas apresentam quais são os elementos que compõem este ambiente complexo e de que forma elementos externos vêm auxiliando seu processo de transformação. Sob a perspectiva acadêmica, o presente trabalho tem por objetivo ampliar as discussões a respeito da teoria do arranjo, demonstrando de que forma ela pode ser aplicada para analisar mudanças nas práticas de consumo. No olhar da empresa, ele fornece informações importantes sobre este processo de transformação dos hábitos de consumo no mercado financeiro, auxiliando as organizações nas tomadas de decisão estratégicas sobre este mercado.
Recently the national financial market has been watching the entry of digital financial institutions. This movement has caused a change in the habits of consumption of financial products. Fintech and digital banks are entering on the market offering products and services with high technology embedded. The present work seeks to bring a vision of these changes sustained in the assemblage theory, developed by Deleuze and Gattari and explored by other researchers like Manuel Delanda, Jon Roffe and Bernardo Figueiredo. With an exploratory qualitative research, the study interviewed 8 consumers who have a constant use of digital products and services. The results of these researches present what are the elements that make up this complex environment and how external elements have aided its transformation process. From the academic point of view, this paper aims to broaden the discussions about the theory of the arrangement, demonstrating how it can be applied to analyze changes in consumption practices. In the company's view, it provides important information about this process of transforming consumption habits in the financial market, helping organizations to make strategic decisions about this market.
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Sigurdsson, Johanna, and Line Weimer. "En blockkedja på den svenska värdepappersmarknaden? : En undersökande studie om blockkedjeteknikens potential och användningsområden." Thesis, Linköpings universitet, Företagsekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-151035.
Повний текст джерелаАнотація:
Bakgrund: Den svenska värdepappersmarknaden utgörs av en komplex marknadsstruktur med många intermediärer. En av de senast introducerade teknikerna är blockkedjetekniken, som ska förenkla interaktionen mellan aktörer. Tekniken är en distribuerad databas som byg- ger på en kedja av block där transaktioner och information kan registreras utan inblandning av tredje part. Finansiella aktörer undersöker blockkedjeteknikens användningsområden och potential, men som med alla innovationer uppkommer även utmaningar. Det är således av relevans att undersöka vilka användningsområden, utmaningar och påverkan som identi- fieras för blockkedjetekniken på värdepappersmarknaden. Syfte: Studien syftar till att undersöka vilka användningsområden, utmaningar samt påver- kan på marknaden och dess intermediärer som identifieras för blockkedjetekniken på den svenska värdepappersmarknaden. Metod: För att besvara studiens syfte har en kvalitativ ansats tillämpats för att erhålla en djupare förståelse för fenomenet. Det genomfördes fem stycken semistrukturerade intervjuer med verksamma aktörer på den svenska värdepappersmarknaden och en intervju med en sakkunnig inom blockkedjeteknik. Slutsats: Studien visar att blockkedjetekniken har potential att automatisera och effektivi- sera manuella processer. Men teknikens fulla potential begränsas av rådande regelverk och en begränsad volymkapacitet. I studien framgår det att tekniken inte är applicerbar på de affärsområden som omfattar stora volymer, exempelvis clearing och avveckling av aktier. Vid implementering av enbart en blockkedja minskar informationsasymmetrier och transakt- ionskostnader. Men för närvarande finns ingen teknisk lösning för en interaktion mellan olika blockkedjor, vilket kan bidra till en ökad grad av informationsasymmetri. Studien har således bidragit till en ökad förståelse för blockkedjeteknikens potentiella applicerbarhet och påverkan på den svenska värdepappersmarknaden.Background: The Swedish Securities Market structure is complex with many intermediar- ies. Blockchain is one of the latest introduced technologies, which offers a new way of inter- action. It is a distributed ledger which builds on a chain of blocks where transactions and information is registered without the need for a third party. Financial market players are in- vestigating the potential of the technology and its applications, but as with all new innova- tions there will be challenges. Thus it is of relevance to investigate applications, challenges and potential impact of the Blockchain technology in the Swedish Securities Market. Aim: The study aims to examine potential applications, challenges and impact the Block- chain technology can have on the Swedish Securities Market and its intermediaries. Completion: To fulfill the aim of the study and attain a deeper knowledge about Blockchain a qualitative research method has been applied. Five semi structured interviews were con- ducted with market players operating on the Swedish Securities Market. Furthermore one semi structured interview has been conducted with a Blockchain expert. Conclusion: The study concludes that Blockchain has the potential to automate and streamline manually performed processes. However the full potential is restrained by pre- vailing regulations and technical limitations concerning the volume capacity. The study con- cludes that Blockchain cannot be implemented for business areas which includes large amount of volume transactions, for example clearing and settlement of shares. If only one single Blockchain is implemented the information asymmetry and the transaction costs can be reduced. However there is no solution for enabling interaction between multiple Block- chains, which can increase the degree of information asymmetry. The contribution of the study is an increased knowledge of Blockchain and its potential for the Swedish Securities Market.
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Per, Blohm, and Wagemann Andreas. "Kommer de gamla bank-dinosaurierna dö ut? : En kvalitativ studie om införandet av PSD2 på betaltjänstemarknaden och dess implikationer." Thesis, Södertörns högskola, Företagsekonomi, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-33453.
Повний текст джерелаАнотація:
The purpose of this thesis was to discuss and describe what implications the payment service directive, PSD2, could have on the payment service market and also what it could mean for the competitive landscape. Furthermore, the study aims to give an understanding regarding the bank's strategic actions to address this issue. To examine this, a qualitative method through a case study with semi structured interviews was applied. Top Swedish banks in this study was represented by employees from the banks in question, with extensive knowledge regarding regulations, innovation and payment services. Two fintech companies was also examined, with realtions to two of the four banks to gain another perspective of the examined phenomena. The results show that PSD2 will change the payment service market i ways that more actors can compete under similar conditions. PSD2 will also act as a driving force, pushing innovation and digitalisation which could lead to a situation where parts of the bank's core business could be under threat. This will lead to further affect on the competitive landscape which could be characterised by a mix between cooperation and competitiveness regarding services outside of the bank's core business. The bank's plans to address this by developing their own solutions and also by cooperating with third parties, in means of protecting and development of their own core business regarding bank accounts.Syftet med denna uppsats var att diskutera och beskriva vilka implikationer som betaltjänstdirektivet PSD2 kan innebära för betaltjänstmarknaden samt vad det kommer att innebära för konkurrenssituationen. Vidare syftar studien till att ge en förståelse kring bankernas strategiska åtgärder för att adressera detta. För att ta reda på detta tillämpades en kvalitativ metod genom en fallstudie. Fyra stora banker i Sverige representerades i denna studie av anställda på respektive bank med mångårigt arbete inom reglering, innovation och betaltjänster, vilkas svar formade den utgjorde empirin genom semi-strukturerade intervjuer. För att ge ytterligare ett perspektiv intervjuades också några av bankernas samarbetspartners vilka är relativt nystartade fintech-företag. Resultaten från studien visade på att PSD2 kommer förändra betaltjänstmarknaden på så vis att fler aktörer kommer kunna konkurrera med liknande villkor. PSD2 kommer även att driva på innovation och digitalisering vilket i sin tur kan leda till att bankernas kärnverksamhet hotas. Detta leder till att ytterligare påverkan på konkurrenssituationen som kan komma att präglas av en blandning mellan samarbeten och konkurrens kring mervärdestjänster. Bankerna planerar att adressera detta genom att både utveckla egna lösningar och samarbeta med tredjepartsaktörer, för att skydda och utveckla sin kärnverksamhet gällande konton.
Internationellt företagande
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Collin, Erik, and Gustav Juntti. "No protection, nu business : An event study on stock volatility reactions to cyberattacks between 2010 and 2015 for firms listed in the USA." Thesis, Umeå universitet, Företagsekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-123549.
Повний текст джерелаАнотація:
With the surge of Internet-based corporate communication, organization, andinformation management, financial markets have undergone radical transformation. Inthe interconnected economy of today, market participants are forced to acceptcyberattacks, data breaches, system failures, or security flaws as any other (varying)cost of doing business. While cyberspace encompasses practically any firm indeveloped economies and a large portion in developing ones, combatting such risks isdeemed a question of firm-specific responsibility: the situation resembles an ‘every manfor himself’ scenario. Consulting standard financial theory, rational utility-maximizinginvestors assume firm-specific (idiosyncratic) risk under expectations of additionalcompensation for shouldering such risk – they are economically incentivized. The omnipresence of cyberattacks challenges fundamental assumptions of the CapitalAsset Pricing Model, Optimal Portfolio Theory, and the concept of diversifiability. Thethesis problematizes underlying rationality notions by investigating the effect of acyberattack on stock volatility. Explicitly, the use of stock volatility as a proxy for riskallows for linking increased volatility to higher risk premiums and increased cost ofcapital. In essence, we investigate the following research question: What is the effect ofa disclosed cyberattack on stock volatility for firms listed in the USA?. Using event study methodology, we compile a cyberattack database for events between2010 and 2015 involving 115 firms listed on US stock exchanges. The specified timeperiod cover prevailing research gaps; due to literature paucity the focus on volatilityfits well. For a finalized sample of 189 events, stock return data is matched to S&P500index return data within a pre-event estimation window and a post-event window tocalculate abnormal returns using the market model. The outputs are used to estimateabnormal return volatility before and after each event; testing pre and post volatilityagainst each other in significance tests then approximates the event-induced volatility.Identical procedures are performed for all subsamples based on time horizon, industrybelonging, attack type, firm size, and perpetrator motivation. The principal hypothesis, that stock volatility is significantly higher after a cyberattack,is found to hold within both event windows. Evidence on firm-specific characteristics ismore inconclusive. In the long run, inaccessibility and attacks on smaller firms seem torender significantly larger increases in volatility compared to intrusion and attacks onlarger firms; supporting preexisting literature. Contrastingly, perpetrator motive appearsirrelevant. Generally, stocks are more volatile immediately after an attack, attributableto information asymmetry. For most subsamples volatility seem to diminish with time,following the Efficient Market Hypothesis. Summing up, disparate results raisequestions of the relative importance of contingency factors, and also about futuredevelopments within and outside academic research.
Книги з теми "Fintech Market"
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Stylianou, Konstantinos, Marios Iacovides, and Björn Lundqvist, eds. Fintech Competition. Hart Publishing, 2023. http://dx.doi.org/10.5040/9781509963379.
Повний текст джерелаАнотація:
This open access book is the first to systematically explore competition policy in fintech markets. Drawing from the expertise of law scholars, economists, and social and natural scientists from the EU and the US, this edited collection explores the competitive dynamics, market organisation, and competition law application in fintech markets. It is the 17th volume in the Swedish Studies in European Law series.
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Fintech Competition: Law, Policy, and Market Organisation. Bloomsbury Publishing Plc, 2023.
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Avgouleas, Emilios. The Role of Financial Innovation in EU Market Integration and the Capital Markets Union. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198813392.003.0008.
Повний текст джерелаАнотація:
This chapter offers a critical overview of the issues that the European Union 27 (EU-27) will face in the context of making proper use of financial innovation to further market integration and risk sharing in the internal financial market, both key objectives of the drive to build a Capital Markets Union. Among these is the paradigm shift signalled by a technological revolution in the realm of finance and payments, which combines advanced data analytics and cloud computing (so-called FinTech). The chapter begins with a critical analysis of financial innovation and FinTech. It then traces the EU market integration efforts and explains the restrictive path of recent developments. It considers FinTech's potential to aid EU market integration and debates the merits of regulation dealing with financial innovation in the context of building a capital markets union in EU-27.
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Feyen, Erik, Harish Natarajan, and Matthew Saal. Fintech and the Future of Finance: Market and Policy Implications. World Bank Publications, 2023.
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Plunkett's FinTech, Cryptocurrency & Electronic Payments Industry Almanac 2023: FinTech, Cryptocurrency & Electronic Payments Industry Market Research, Statistics, Trends and Leading Companies. Plunkett Research, Limited, 2023.
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Plunkett, Jack W. Plunkett's FinTech, Cryptocurrency & Electronic Payments Industry Almanac 2022: FinTech, Cryptocurrency & Electronic Payments Industry Market Research, Statistics, Trends and Leading Companies. Plunkett Research, Limited, 2022.
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Rise of Fintech. Threats and Opportunities for the German Retail Banking Market. GRIN Verlag GmbH, 2018.
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Curb Your Enthusiasm: The Fintech Hype Meets Reality in the Remittances Market. International Monetary Fund, 2022.
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Curb Your Enthusiasm: The Fintech Hype Meets Reality in the Remittances Market. International Monetary Fund, 2022.
Знайти повний текст джерелаЧастини книг з теми "Fintech Market"
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Kotovskaia, Anastasia. "Financial Technology in Global Context: Risks and Opportunities." In United Nations University Series on Regionalism, 247–62. Cham: Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-68475-3_16.
Повний текст джерелаАнотація:
AbstractThe 2008 financial crisis became a milestone in the development of financial technology (FinTech). Leveraging innovative technologies and data science, FinTech companies have introduced entirely new products and services for lending, wealth management, and payments. At the same time, new market players entering financial markets necessitate a regulation dealing with the risks stemming from innovative technologies. This chapter unveils the security challenges arising in FinTech sector focusing on vulnerabilities in data management, cybersecurity, and operational resilience. These risks require an enhanced regulatory framework to uphold the safety of financial markets considering technological innovation. Nonetheless, FinTech opens significant opportunities for growth and transformation. FinTech is promising in addressing the problem of financial inclusion for those who lack access to basic financial services such as savings and credit. Assessing the specific landscape of the Latin American market, FinTech’s development in this region appears particularly promising in terms of tackling the issue of financial inclusion. Furthermore, there is evidence that FinTechs may reduce the gender gap in access to finance for women in some developing economies. In this chapter, those technological innovations and their implications for the financial market in the era of permacrisis are discussed.
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Lemma, Valerio. "Fintech and Market-Based Financing." In FinTech Regulation, 77–141. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-42347-6_3.
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Xu, Zhong, and Chuanwei Zou. "How to Establish a Compliant and Effective Data Market." In Fintech, 51–63. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003266921-7.
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Dorfleitner, Gregor, Lars Hornuf, Matthias Schmitt, and Martina Weber. "The FinTech Market in Germany." In FinTech in Germany, 13–46. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-54666-7_4.
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Lemma, Valerio. "Fintech, Regtech and Suptech Towards a New Market Structure." In FinTech Regulation, 447–91. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-42347-6_8.
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Barrau, Thomas, and Raphael Douady. "Predictions of Market Returns." In Financial Mathematics and Fintech, 59–81. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-97319-3_4.
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Boto, Karen, Georgia Amos, John Moran, Jennifer Robbins, and Jordan Welden-Iley. "The Rise of Fintech." In The Global Insurance Market and Change, 246–85. London: Informa Law from Routledge, 2023. http://dx.doi.org/10.4324/9781003319054-10.
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Dorfleitner, Gregor, Lars Hornuf, Matthias Schmitt, and Martina Weber. "International Position of the German FinTech Market." In FinTech in Germany, 47–54. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-54666-7_5.
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Dorfleitner, Gregor, Lars Hornuf, Matthias Schmitt, and Martina Weber. "Forecasts for the FinTech Market in Germany." In FinTech in Germany, 55–83. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-54666-7_6.
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Yap, Stanley Teck Lee. "Fintech Market Development in China." In Contemporary Strategic Chinese American Business Negotiations and Market Entry, 471–93. Singapore: Springer Nature Singapore, 2023. http://dx.doi.org/10.1007/978-981-19-6986-7_15.
Повний текст джерелаТези доповідей конференцій з теми "Fintech Market"
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Deng, Kaiqing, Jinghao Zhang, Yichun Wang, Yifei Wei, Minjia Gu, and Dawei Liu. "Literature Analysis and Scientific Mapping of FinTech: Perspectives from Academia and Market." In 2024 IEEE International Conference on Progress in Informatics and Computing (PIC), 1–9. IEEE, 2024. https://doi.org/10.1109/pic62406.2024.10892694.
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Agarwal, Mukesh, R. Sofia, Hari Prasad Josyula, Brij Kishore Pandey, Sourav Kumar, and Ujjal Aloke Sarkar. "AI-Driven Risk Management in Financial Markets and Fintech." In 2024 Second International Conference Computational and Characterization Techniques in Engineering & Sciences (IC3TES), 1–5. IEEE, 2024. https://doi.org/10.1109/ic3tes62412.2024.10877453.
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Supriyadi, Agus, Syafrudin Anhar, Akhmad Yusli Farchani, Ninda Lutfiani, Souza Nurafrianto Windiartono Putra, and Sondang Visiana Sihotang. "Fintechs Role in Asset Management Efficiency and Economic Growth in Emerging Markets." In 2024 3rd International Conference on Creative Communication and Innovative Technology (ICCIT), 1–7. IEEE, 2024. http://dx.doi.org/10.1109/iccit62134.2024.10701165.
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Troplini, Rovena, Ikbale Tota, and Merjemë Zyko. "FinTech: Should We Accelerate Their Development?" In Seventh International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/limen.2021.119.
Повний текст джерелаАнотація:
Technological development has played an integral role in the transformation and progress of the financial sector. Reductions in time, costs, efficiency, are some of the opportunities that the Fintech sector stimulates. In this paper we will examine the advantages of technology integration in finance and FinTech’s interaction with other sectors such as banking but also the risks it carries. We will analyze Fintech implementation in Albania market and the challenges faced for development. If we take into consideration how quickly the economic, social, cultural and natural conditions are changing, of course finding, applying and developing new alternatives is the right solution. FinTech is therefore seen as the future of the financial sector. In conclusion, Albania as a developing economy and unknown with new technologies, regardless of all the difficulties, is open to innovations and can be seen as a new market for the development of FinTechs.
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Wieland, Oxana. "Navigating Risks and Innovations: A Comparative Analysis of Fintech and Traditional Financial Markets." In Digitalisation, Finance, Innovation et Entrepreneuriat, 14. eBooks.NMd, 2024. https://doi.org/10.23882/dfie.2024.01.
Повний текст джерелаАнотація:
This article explores the dynamic landscape of the fintech market, emphasizing its intersection with traditional financial markets and the associated risks. It highlights the unique features of fintech asset management, which mirrors the functions of investment banks, facilitating transactions that alter investment portfolios. The fintech market's rapid growth, driven by technological innovations such as artificial intelligence, blockchain, and machine learning, introduces both opportunities and significant risks. The study underscores the importance of robust risk management systems for fintech participants, addressing challenges related to risks, legal compliance, and client service. It contrasts the regulatory environments of traditional and digital financial markets, discussing how different countries (Estonia case study) have adapted their regulatory frameworks to accommodate Fintech's unique characteristics. Methodologically, the research employs a combination of scientific, logical analysis, situational management approaches, and advanced technological solutions to predict and mitigate risks in the fintech sector. The development of FinTech in Estonia exemplifies innovative regulatory approaches that balance the need for technological advancement with systemic risk management. The article provides a comprehensive comparative analysis, offering insights into the evolving risk management strategies in traditional and Fintech markets. It also highlights the critical role of international cooperation and regulatory modernization in ensuring the stability and growth of the financial ecosystem.
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Sangsavate, Suntarin, Suparatana Tanthanongsakkun, and Sukree Sinthupinyo. "Stock Market Sentiment Classification from FinTech News." In 2019 17th International Conference on ICT and Knowledge Engineering (ICT&KE). IEEE, 2019. http://dx.doi.org/10.1109/ictke47035.2019.8966841.
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Pshenychna, Mariia. "THE IMPACT OF FINTECH ON FINANCIAL MARKET DISINTERMEDIATION." In Transformation processes of the economic system in the context of modern challenges. Publishing House “Baltija Publishing”, 2024. http://dx.doi.org/10.30525/978-9934-26-398-9-36.
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Kolisnichenko, Paulina, and Iryna Chunytska. "FEATURES OF THE DEVELOPMENT OF THE INTERNATIONAL FINTECH MARKET." In 4th International Conference on economics, accounting and finance, 107–9. Scientific Center of Innovative Research, 2024. https://doi.org/10.36690/iceaf-2024-107-109.
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Paul, Taraknath. "Fintech Empowers Prediction of Stock Market Index Using Artificial Neural Network." In 2021 International Conference on Artificial Intelligence and Computer Science Technology (ICAICST). IEEE, 2021. http://dx.doi.org/10.1109/icaicst53116.2021.9497817.
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Dedinský, Juraj. "Fintech and Big Tech As the New Credit Provider." In EDAMBA 2021 : 24th International Scientific Conference for Doctoral Students and Post-Doctoral Scholars. University of Economics in Bratislava, 2022. http://dx.doi.org/10.53465/edamba.2021.9788022549301.82-91.
Повний текст джерелаАнотація:
The change that new technologies will bring to the banking sector can take many forms. Some of these can be already seen in the field of payments, various types of investments but also loans for retail clients and small companies. On one hand, current banks could continue to dominate by providing additional benefits to customers through improvements enabled by technological innovation. On the other hand, current banks may find themselves in a customer battle with new, more agile market participants, who are faster in adopting innovations that meet clients' needs. These developments have the potential to make markets more diverse, competitive, and efficient, but also may be a threat for the financial stability. In this paper, we aim to examine growth in Fintech and Big tech loans during recent years around the world. Secondly, we explore the relationship between flows of alternative credit and gross domestic product. Analysis suggests, that there may be polynomial relationship with declining rate past certain point.
Звіти організацій з теми "Fintech Market"
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Corbae, Dean, Pablo D'Erasmo, and Kuan Liu. Market Concentration in Fintech. Federal Reserve Bank of Philadelphia, June 2023. http://dx.doi.org/10.21799/frbp.wp.2023.11.
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Finkelstein-Shapiro, Alan, Federico S. Mandelman, and Victoria Nuguer. Fintech Entry, Firm Financial Inclusion, and Macroeconomic Dynamics in Emerging Economies. Inter-American Development Bank, January 2022. http://dx.doi.org/10.18235/0003918.
Повний текст джерелаАнотація:
Financial inclusion is strikingly low in emerging economies. In only a few years, financial technologies (fintech) have led to a dramatic expansion in the number of non-traditional credit intermediaries, but the macroeconomic and credit-market implications of this rapid growth of fintech are not known. We build a model with a traditional banking system and endogenous fintech intermediary creation and find that greater fintech entry delivers positive long-term effects on aggregate output and consumption. However, greater entry bolsters aggregate firm financial inclusion only if it stems from lower barriers to accessing fintech credit by smaller, unbanked firms. Decreasing entry costs for fintech intermediaries alone has only marginal effects in the aggregate. While firms that adopt fintech credit are less sensitive to domestic financial shocks and contribute to a reduction in output volatility, greater fintech entry also leads to greater volatility in bank credit, thereby introducing a tradeoff between output volatility and credit-market volatility.
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Alonso-Robisco, Andrés, José Manuel Carbó, Pedro Jesús Cuadros-Solas, and Jara Quintanero. The effects of open banking on fintech providers: evidence using microdata from Spain. Madrid: Banco de España, February 2025. https://doi.org/10.53479/39138.
Повний текст джерелаАнотація:
Open banking initiatives, which aim to increase competition and innovation in the financial sector by enabling the customer-authorised sharing of financial data among banks, regulated third-party providers and other financial stakeholders, are becoming widespread around the world. This paper investigates the impact of open banking on the development of the fintech sector, focusing particularly on payment-related financial services. We utilise the implementation of the Second Payment Services Directive (PSD2) in Europe as a natural experiment and employ a difference-in-differences methodology to analyse a unique microdata set of 406 Spanish fintech firms from 2014 to 2022, sourced from the Banco de España Central Balance Sheet Data Office and Fintech Radar. Our findings reveal that following PSD2, fintech firms specialising in payment services (Paytech) improved their performance compared with non-payment fintechs (control), with this improvement driven primarily by revenue growth rather than cost reduction. Additionally, treated fintech firms exhibited a significant reduction in long-term bank debt reliance, securing more stable market-equity funding. We also find that Paytech firms increased their liquidity holdings, reduced their labor intensity while increasing their labor costs and enhanced their productivity. Our results contribute to the literature on open banking by providing empirical evidence of its benefits for fintech firms, particularly in the payment sector, and underscore the importance of regulatory frameworks in fostering innovation and competition. These insights are valuable for policymakers aiming to enhance financial sector dynamics through data-driven regulations.
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Gisbert, Josep, and José E. Gutiérrez. Bridging the Gap? Fintech and financial inclusion. Madrid: Banco de España, August 2024. http://dx.doi.org/10.53479/37433.
Повний текст джерелаАнотація:
The rise of FinTech lenders offers an opportunity to promote financial access but may disrupt banks’ banking efforts. This paper presents a banking model where an incumbent bank specializes in certain niche markets. When a FinTech lender enters, competition intensifies, reducing the bank’s gains from serving some of its niches. Although FinTech lending can help serve certain unattended niches, the bank may abandon others, creating an ambiguous impact on financial inclusion. Financial inclusion may even decline when the FinTech lender is less efficient at serving new niches and better able to compete with the bank for its customers.
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Altman, Edward I., and Gabriele Sabato. The Role of Capital Markets in Funding MSMEs in Latin America and the Caribbean. Inter-American Development Bank, October 2023. http://dx.doi.org/10.18235/0005188.
Повний текст джерелаАнотація:
Facilitating access for MSMEs to capital markets, for example through the issuance of mini-bonds, is a key objective of policymakers and regulations in Latin America and the Caribbean. However, there is no systematic evidence regarding the development of these markets in the region, nor of the obstacles to their growth. This document reports on the results of eight case studies and a large survey of regulators and market participants in the region. Some key conclusions emerge. First, these instruments must be specifically tailored to MSMEs, providing more flexibility than those offered to larger companies. This study finds that governments can play a fundamental role in achieving this as well as in increasing trust in new forms of MSME funding through capital markets. Incentives, such as guarantees or tax incentives, can be offered to facilitate faster adoption. The study also finds that regulation must be tailored and proportional to the nature of smaller firms, or they may quickly become discouraged and disengaged, causing the markets to fail. Also, governments that invest more in the financial education of MSMEs achieve better outcomes. On the industry side, capital markets whose exchanges support investors in the screening and risk assessment of issuers and build a strong credit culture are more successful. Finally, the study finds that having a healthy relationship among regulators, exchanges, and fintechs increases opportunities for MSMEs and accelerates the development of technologies that can support faster and more effective deployment of funds through capital markets.
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Gruodis, Alytis, Violeta Jadzgevičienė, Aleksandr Igumenov, Joana Lapkovskaja, and Jonas Žaptorius. INO-PAY Information System Using E-Pay and E-Banking Realizations. Case Study. Vilnius Business College, December 2024. https://doi.org/10.57005/ab.2024.2.7.
Повний текст джерелаАнотація:
The innovative FinTech platform INO-PAY was described in terms of construction, functionality, flexibility, expandability, and security assurance framework. Current solutions of E-banking and E-pay systems are presented to compare the marked requirements, needs of customers, and technical issues. User - customer receives complete information about the transaction, including transaction parameters, transaction accompanying documents (contract, invoice, protocols, receipts, etc.) in real-time, which has not been provided on any electronic payment platforms. The created product ensures the convenience of financial settlements and allows you to track your financial transactions by checking their content. The platform is based on the Request-to-Pay standard and provides an opportunity for both parties to establish a dialogue, agree on more flexible payment terms, and allows the user to pay without additional contact with the seller by phone/e-mail, to pay the bill in installments by mail, to request an extension of the payment term or to reject the received payment request. Platform INO-PAY allows customers to compare banks’ services and allows banks to initiate new markets in different geographical areas. Electronic platforms like INO-PAY allow customers access to financial services more efficiently than banks in some problematic areas of non-EU countries.
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Viet Nam’s Financial Markets 2023 and Outlook 2024: Direction for Fintech Regulation. Asian Development Bank, December 2024. https://doi.org/10.22617/spr240629-2.
Повний текст джерелаАнотація:
Viet Nam’s economy showed positive signs of recovery in 2023, according to this report, which explains why a robust digital ecosystem, stronger fintech innovation, and a solid legal framework can help drive growth. Noting a rise in nonperforming loans, the report shows how Viet Nam pushed ahead with its digital transformation as its focus on green finance and environmental, social, and governance issues increased. Designed as a resource to support sustainable economic development, it explains why the country can expect its economy to grow by up to 7% in 2024 and advocates the adoption of a test-and-learn strategy to fast-track fintech.
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Financial Infrastructure Report 2022. Banco de la República, June 2023. http://dx.doi.org/10.32468/rept-sist-pag.eng.2022.
Повний текст джерелаАнотація:
Banco de la República's monitoring of the local financial market infrastructure is an additional contribution to the country's financial stability. One of the products of that monitoring has been the Payment Systems Report, which is now known as the Financial Infrastructure Report. The change in name, as of this edition, is intended to reflect in a broader way the issues that are addressed in the report. The 2022 edition includes several changes that are the result of a comparative study of financial infrastructure reports prepared by other central banks. These changes seek to make the report more fluid and easier to read, including main points and selected key figures for the different interest groups to which it is addressed. The report shows the financial infrastructure continued to render its services without interruption, with general evidence of good performance in 2021. Additionally, the resilience of the Central Counterparty Risk of Colombia (CRCC) and the Large-value Payments System (CUD) to extreme events was validated, based on stress tests conducted according to international standards (focused on liquidity and credit risk). As for retail payments, transactional information indicates the use of electronic instruments increased in terms of value during 2021 compared to 2020 (credit and debit cards, checks and electronic funds transfers). The use of debit and credit cards in payments rose to levels similar to those reached in the pre-pandemic year. Meanwhile, electronic funds transfers continued to grow. Although the results of the BR 2022 survey show cash continues to be the instrument most used by the public for regular payments (like the situation in other countries), the perception of its use decreased significantly to 75 % (87 % in 2019). Also, in commerce, cash was the preferred instrument for customers. However, in this measurement, several retail channels such as hairdressers, drugstores and restaurants joined the group that has traditionally received electronic payments for a value greater than 10% of their sales (hypermarkets and gas stations). Likewise, for nearly 50% of the population, cash payments are lower than before the pandemic. This is consistent with the transactional increase in electronic payment instruments that was observed in 2021. Banco de la República continues to monitor the technological developments that have expanded and modernized the supply in the international and local payments market, as these are issues of interest to the industry that provides clearing and settlement services. This report outlines the Pix case for instant payments in Brazil, the projects that are underway regarding the possible issue of digital currency by central banks (CBDC) for cross-border payments, as well as an approach to the Fintech ecosystem in Colombia, with an emphasis on companies that provide payment services. Leonardo Villar Governor Main points: 2022 The local financial infrastructure was safe and efficient throughout the year. The services of the financial infrastructure were proved on a continuous basis, showing good performance overall. Less momentum in the large-value payment system CUD activity declined versus the previous year because of fewer government deposits with BanRep. This was offset partially by growth in repos to increase money supply and in retail-value payments (electronic funds transfers, checks and cards). Increased momentum in financial market infrastructures. Larger amounts were cleared and settled through the Central Securities Depository (DCV) due to an increase in the market for sovereign debt. Operations managed by the Central Counterparty Risk of Colombia (CRCC) increased due to inclusion of the foreign exchange segment and the positive evolution in non-delivery forward peso/dollar contracts. Added confidence in the peso/dollar spot foreign exchange market due to CRCC interposition. Number and value of trades grew, mainly due to the adjustment of therisk management model for the FX segment and the increase in the limiton net selling positions in dollars. Stress testing with international standards to validate CRCC and CUD resilience Stress tests conducted independently by the SFC, BanRep and the CRCC, like those done in England and the United States, concluded that the CRCC's risk management model allows it to withstand extreme market events and simultaneous defaults by its main members. Based on the experience of other central banks, BanRep strengthened its intraday liquidity risk stress exercises in the CUD by incorporating temporary payment delays. It calculated that a two-hour delay by a key participant increases the system's liquidity needs by 0.5%. Electronic payments increased during 2021 According to transactional information, all electronic payment instruments increased in value versus 2020 (electronic funds transfers, checks and debit and credit cards). Electronic funds transfers continued to grow (80% from legal entities), with the participation of closed schemes driven particularly by the use of mobile wallets (35% of the number of intra-transfer transactions). The use of debit and credit cards for payments climbed to levels similar to those witnessed in the pre-pandemic year. Cash continues to be the instrument most used by the public for regular payments. The results of the BanRep survey in 2022 show that the perception of the use of cash declined significantly to 75% (87% in 2019), and about 50% of the population perceive their cash payments as being lower than those they made before the pandemic. Electronic funds transfers were second most used instrument, having increased to 15% (3% in 2019). Also, in commerce, cash was the preferred instrument of payment for its customers; however, several commerce channels received more than 10% of the value of their sales in electronic payments (hypermarkets 35%, gas stations 25%, hairdressers 15%, drugstores 14% and restaurants 12%). Continuous technological developments have broadened, and modernized services offered in the payments market. Pix (instant payments in Brazil). The high level of adoption of instant transfers in Brazil motivated a review of its strengths; namely, the possibility of different use cases between individuals, businesses, and government; high participation by financial and payment institutions; free of charge for individuals and the possibility of charging legal entities, and simple user experience. Digital currencies in central banking. Several groups of countries have joined forces to conduct pilot projects with wholesale CBDCs for cross-border payments. Flows generated by international trade, foreign investment and remittances between individuals can be processed more efficiently, transparently, and securely by reducing their cost and increasing their speed. Due to the constant progress being made on this issue, BanRep will continue to monitor all CBDC-related matters. The fintech ecosystem for payments in Colombia. A high percentage of existing FinTech companies in the country are dedicated to offering digital payment services: wallets, payment gateways, mobile devices (point-of-sale terminals) and acquisition. These have driven innovation in payment services.