Cutting Through the Fog: Finding a Future with Fintech

Allayannis, George; Cartwright, Kayla

doi:10.2139/ssrn.2974594

Cited by 2 publications

(4 citation statements)

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“…This success aided communication thereby leaving the consumer with the possibility of making and receiving orders at a much faster rate than previously known (Müller-Pohl, 2010). Prior to these achievements and other similar developments 1 , people had lost confidence in the then Goldsmith banking system 2 ; hence they resorted to other alternative ways of securing wealth. Financial inter-linkages across borders were carried out with the use of technologies such as the telegraph, canals, and steamships, thereby allowing an enormous diffusion of financial information, transactions, and payments around the world (Arner et al, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…To be more precise, Fintech closes potential profit avenues for banks. Goldman estimated that the amount of bank revenue that Fintech start-ups are capable of depleting is about $4.7 trillion, and $470 billion in profit (Allayannis & Cartwright, 2017). Therefore, the future of traditional banks and the entire financial system seems to be at the mercy of Fintech companies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This, among others, is the focus of this study. 1 Other similar developments such as steam engine, telephone, locomotive, ironclad ship, and particularly, the great depression of 1930 made people to lose interest in the then financial system (Danelek, 2010). 2…”

Section: Introductionmentioning

confidence: 99%

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Financial technology development: Implications for traditional banks in Africa

Meyer,

Timothy Okoli

2023

Investment Management and Financial Innovations

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The speed of financial technology (Fintech) adoption in delivering financial services has raised concerns among researchers on the future of traditional banks, especially as authors believe that Fintech comes with both prospects and problems. This study therefore aims to examine the growth, measurements, and the impact of Fintech on traditional banks in a panel of sixteen African countries for the period 1800–2020. These periods were divided into three phases: the analogue (1800–1967), the digital (1967–2008), and the modern phases (2008–2020). The autoregressive distributed lag (ARDL) and descriptive analyses methods were used to investigate the study’s objectives. It found that the analogue era witnessed the birth of Fintech ideas, while the digital era witnessed structural changes within the financial system. Results from the pooled mean group ARDL estimation technique based on the third/modern era reveal that, on average, a unit increase in Fintech adoption significantly reduces bank profitability (ROA) by 12.6%. Hence, although early Fintech adoption poses no threat to bank profitability; however, beyond certain threshold, its continuous adoption reduces profitability. Again, the speed of adjustment at 90.9% per annum is an indication that short-run Fintech disruptive impact/disequilibrium is corrected within one year and one month. The Principal Component Analysis used to generate Fintech index shows that African Fintech’s operation is more susceptible to changes in mobile banking. The study concludes that too much Fintech adoption is unhealthy for traditional banks in Africa and therefore it recommends that Fintech should collaborate with banks to correct for its disruptive impacts.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Financial technology development: Implications for traditional banks in Africa

Meyer,

Timothy Okoli

2023

Investment Management and Financial Innovations

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“…Les entreprises Fintech mobilisent des innovations technologiques afin de proposer des services qui permettent de limiter les opérations de back, middle et front office des institutions financières (Allayannis, Cartwright, 2016 ;Blake et al, 2016). Ces entreprises utilisent à la fois leur structure légère et la technologie pour inventer des nouveaux modèles d'affaires et ainsi rentrer dans des logiques de concurrence ou de coopétition avec les banques.…”

Section: Introductionunclassified

Fintech et seniors Sud-Coréens : une étude des facteurs d’acceptation

Um¹,

Shin²,

Kim³

et al. 2022

Innovations

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Cette recherche a pour but d'explorer les facteurs d'acceptation de la Fintech chez les seniors. Différents courants théoriques traitent les variables qui influencent l'acceptation des innovations technologiques. Le modèle choisi au niveau de cette étude est inspiré du modèle d'acceptation de la technologie (MAT ou, plus fréquemment, TAM pour Technology Acceptance Model). Notre modèle inclut les variables de l'utilité perçue, de la facilité d'utilisation, de l'accessibilité, du coût d'accès, de l'esprit d'innovation et de l'incertitude. La validation empirique du modèle a été réalisée à l'aide des méthodes d'équations structurelles sur un échantillon de 457 adultes coréens. Une analyse statistique a été réalisée par les logiciels SPSS 23.0 et AMOS 18. Nos résultats montrent que l'acceptation de la Fintech par les seniors est influencée par l'utilité perçue, la facilité d'utilisation, l'esprit d'innovation et l'incertitude. Toutefois, l'accessibilité et le coût d'accès n'ont pas une influence statistiquement significative sur l'intention d'utilisation de la Fintech. Cette étude a des implications pour les Fintech puisqu'elle peut leur permettre d'adapter leurs solutions à ce segment du marché voire de développer des produits adaptés à cette population (assurance vie en ligne, solutions de gestion de patrimoine et de succession…).

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Cutting Through the Fog: Finding a Future with Fintech

Cited by 2 publications

References 0 publications

Financial technology development: Implications for traditional banks in Africa

Financial technology development: Implications for traditional banks in Africa

Fintech et seniors Sud-Coréens : une étude des facteurs d’acceptation

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