Innovation and Competition in the Retail Banking Industry: An Industrial Organization Perspective

35 Pages Posted: 6 Oct 2014 Last revised: 22 Oct 2014

See all articles by Carlotta Mariotto

Carlotta Mariotto

European Commission DG COMP - Chief Economist Team

Marianne Verdier

Université Paris 2 Panthéon Assas

Date Written: October 5, 2014

Abstract

Over the recent years, the development of mobile banking and Internet banking has had a considerable impact on competition in the retail banking industry. In some countries, the regulatory framework has been adapted to allow non-banks to operate in retail payments and compete with banks for deposits. Several Internet Service Providers or large retailers have started to offer innovative financial products to their customers. In this paper, we analyse how the industrial organization literature can be used to study recent innovations in retail banking and discuss some perspectives for future research.

Keywords: mobile banking, bank competition, bank regulation, payment systems, non-banks

JEL Classification: E42, G21, L96

Suggested Citation

Mariotto, Carlotta and Verdier, Marianne, Innovation and Competition in the Retail Banking Industry: An Industrial Organization Perspective (October 5, 2014). Available at SSRN: https://ssrn.com/abstract=2505682 or http://dx.doi.org/10.2139/ssrn.2505682

Carlotta Mariotto

European Commission DG COMP - Chief Economist Team ( email )

1210 Sint-Joost-ten-Noode
Bruxelles, 1000
Belgium
0032493961759 (Phone)

Marianne Verdier (Contact Author)

Université Paris 2 Panthéon Assas ( email )

France

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