Fintech and Banking. Friends or Foes?

38 Pages Posted: 16 Jan 2018

See all articles by Giorgio Barba Navaretti

Giorgio Barba Navaretti

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM); University of Milan - Centro Studi Luca d'Agliano (LdA)

Giacomo Calzolari

European University Institute - Economics Department (ECO); Centre for Economic Policy Research (CEPR); University of Bologna

José Manuel Mansilla-Fernandez

Public University of Navarre

Alberto F. Pozzolo

Università degli Studi di Roma Tre

Date Written: January 10, 2018

Abstract

We examine the impact of Fintech on banks. Digital innovations and technology based business models could provide new business opportunities for incumbents, by transforming how they create value and deliver products and services. Or they could disrupt the existing structure of the financial industry, by blurring its boundaries and fostering strategic disintermediation. By providing new gateways for entrepreneurship, Fintech can ease the access to financial services, fostering competition by new players. To survive, incumbent banks will have to react, face rising competitive pressure and adopt new strategies. What will be the implications for their business models? How will the banking industry evolve with Fintech? And, similarly important, what are the implications for financial sector regulation?

Keywords: banks, banking regulation, credit and liquidity risk, investment and lending platforms, FinTech

JEL Classification: G21, G24, G38

Suggested Citation

Barba Navaretti, Giorgio and Calzolari, Giacomo and Mansilla-Fernandez, José Manuel and Pozzolo, Alberto F., Fintech and Banking. Friends or Foes? (January 10, 2018). Available at SSRN: https://ssrn.com/abstract=3099337 or http://dx.doi.org/10.2139/ssrn.3099337

Giorgio Barba Navaretti

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio, 7
Milan, 20122
Italy
+390250321521 (Phone)

University of Milan - Centro Studi Luca d'Agliano (LdA) ( email )

Via Donizzatti 38
Milano, Mi 20122
Italy
+39 02 36683850 (Phone)

Giacomo Calzolari

European University Institute - Economics Department (ECO) ( email )

Villa la Fonte
Via delle fontanelle 18
San Domenico di Fiesole, Florence 50014
Italy

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

University of Bologna ( email )

Piazza Scaravilli 2
I-40126 Bologna
Italy

HOME PAGE: http://sites.google.com/view/giacomo-calzolari

José Manuel Mansilla-Fernandez

Public University of Navarre ( email )

Business Administration Department
Campus Arrosadia
Pamplona, Pamplona 31006
Spain

HOME PAGE: http://sites.google.com/site/josemanuelmansillafernandezphd/home

Alberto F. Pozzolo (Contact Author)

Università degli Studi di Roma Tre ( email )

Via Ostiense 163
Roma, RM 00154
Italy

HOME PAGE: http://www.uniroma3.it/

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