Digital transformation and the emergence of the Fintech sector: Systematic literature review

Barroso, Marta F.; Laborda, Juan

doi:10.1016/j.digbus.2022.100028

Cited by 84 publications

(56 citation statements)

References 80 publications

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“…According to CB Insights (2022), FinTech activities are classified into categories as described in Table 1. In the existing literature (Barroso & Laborda, 2022; Milian et al, 2019; Sangwan et al, 2020; Thakor, 2020), FinTech development and banking performance determinants are reviewed separately due to the lack of studies that address the subject of FinTech influence on bank performance.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of FinTech Growth on Bank Performance in GCC Region

Litimi,

BenSaïda,

Raheem

2023

Journal of Emerging Market Finance

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This article investigates the effect of financial technology (FinTech) growth on bank performance in the Gulf Cooperation Council (GCC) region. The application is conducted on a panel dataset containing annual observations of banks from 2012 to 2021 using the generalized method of moments (GMM) method. FinTech growth is set as an explanatory variable on three proxies of bank performance, namely, return on assets (ROA), return on equity (ROE), and net interest margin (NIM). Moreover, several control variables are added to the model, including bank-specific and macroeconomic variables. The results are significant as all the proxies of bank performance are negatively affected by the growth of FinTech startups. Consequently, banks are urged to proactively invest in FinTech startups and engage in partnerships to avoid the risk of disruption. JEL Codes: G21, G23, O31

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Section: Literature Reviewmentioning

confidence: 99%

Impact of FinTech Growth on Bank Performance in GCC Region

Litimi,

BenSaïda,

Raheem

2023

Journal of Emerging Market Finance

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“…The pioneer of this trend is FinTech, which is short for Financial Technology, a broad term that encompasses the creation, development and delivery of financial products and services to customers based on innovative technologies and digital solutions (Das, 2019;Schueffel, 2017). Suryono et al (2020) and Barroso & Laborda (2022) classified the current challenges, trends, and regulations of FinTech based on their systematic literature review, mapping all relevant articles, while Siddiqui & Rivera (2022) gathered mainly the attributes, components, and benefits of FinTech in a similar manner.…”

Section: Figure 3 the Everythingtech Phenomenon In Various Industriesmentioning

confidence: 99%

How green and digital transformation shapes industries

Herczeg

Pintér

Bagó

2023

Veztud

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A digitális átalakulás minden iparágban és üzleti szektorban kihívást jelent. Jelen cikkben a digitális átalakulás kiterjedt, sokrétű és szigetszerű szakirodalmának célzott multidiszciplináris és horizontális áttekintését nyújtják át a szerzők, tisztázva a jelenségnek a GreenTech és a fenntarthatóság szempontjából történő vizsgálati peremfeltételeit. Ugyanis egyértelmű elmozdulás tapasztalható a gazdasági döntéshozatalban a fenntarthatóság irányába, amely köré a GreenTech megoldások épülnek. Közelmúltbeli tanulmányok rávilágítottak a zöld digitalizációs megoldások fontosságára, hangsúlyozva a (digitális) technológia jelentőségét a fenntarthatósági kihívások kezelésében, valamint az üzleti és lakossági felhasználásban. Következésképpen azt találták, hogy a digitális átalakulás terjedésének felgyorsulása és a GreenTech megoldások ebben betöltött szerepe a közeljövőben jelentősen növekedni fog. Nem létezik energiaátmenet digitalizáció nélkül.

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“…Emerging technology, to put it simply, is a new technology that fundamentally alters the way a market or industry currently operates. As a result of their potential to disrupt the status quo, emerging technologies frequently encounter initial resistance from established businesses (Barroso and Laborda 2022). They can, however, fundamentally alter how an industry runs over time.…”

Section: Emerging Technologies In the Banking Industrymentioning

confidence: 99%

Thematic Analysis of Financial Technology (Fintech) Influence on the Banking Industry

Varma

Nijjer

Sood

et al. 2022

Risks

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The synthesis of technology and finance is known as financial technology (Fintech), which brings together two of the biggest industries in harmony. Fintech disruption is a deviation from the norm, resulting in a significant shift in banking services and, as a result, risk. This article aims to investigate how Fintech has influenced recent changes in the banking industry and upcoming challenges, with a particular emphasis on blockchain technology. We perform a comprehensive thematic analysis of recent studies on Fintech in the banking industry. We found that Fintech has enormous potential to grow and impact the banking industry and the entire world. The banking industry could benefit from combining emerging technologies such as blockchain, AI, machine learning, or other decision-making layers. However, with the benefits come drawbacks, such as increased reliance on technology, high costs, increased job losses, security risks related to data and fraud, and so on. The use of emerging technology and collaboration between Fintech firms and banks can improve system-wide financial stability while minimising the negative externalities of disruption and competition. These findings can help regulators, policymakers, academics, and practitioners understand the opportunities and challenges of emerging technologies in the banking industry.

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Digital transformation and the emergence of the Fintech sector: Systematic literature review

Cited by 84 publications

References 80 publications

Impact of FinTech Growth on Bank Performance in GCC Region

Impact of FinTech Growth on Bank Performance in GCC Region

How green and digital transformation shapes industries

Thematic Analysis of Financial Technology (Fintech) Influence on the Banking Industry

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