The Effects of Digital Transformation and Fintech on Banking Industry: Risks and Opportunities Perspectives

Abstract

The rise of Fintech in the past decade has received growing scholarly attention. This research surveys Fintech-related articles published in finance arena, providing a review of various theoretical frameworks used by previous research. Moreover, future research agendas in Fintech have been presented.To capture the studies investigating Fintech adoption, this research employs each of financial technology, mobile payment, digital payment, crowdfunding, p2p lending, and digital investment. In addition, we have presened opportunities and challenges facing banking industry under such innovative Fintech products and services, supported by some scenarios for banks, regulators and FinTech operators.