The Fintech Revolution: A Threat to Global Banking?

4 Pages Posted: 27 Sep 2018 Last revised: 29 Mar 2019

Date Written: March 1, 2018

Abstract

The period since the global financial crisis of 2008 has been characterized by the emergence of a broad set of tech-driven financial companies ( "fintech" companies), acting in parallel with traditional banking services. Although the new players are ramping up competition, pushing digital transformation and exerting pressure on the global financial sector, their services appear to be highly complementary to the ones provided by the more established banks, which are also embracing these technologies.

Keywords: Financial Structures, Armed Conflict, ICT Economics, Macroeconomic Management, Deposit Insurance

Suggested Citation

Cortina Lorente, Juan Jose and Schmukler, Sergio, The Fintech Revolution: A Threat to Global Banking? (March 1, 2018). World Bank Research and Policy Briefs No. 125038. Available at SSRN: https://ssrn.com/abstract=3255725

Juan Jose Cortina Lorente (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Sergio Schmukler

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN MC 3-301
Washington, DC 20433
United States
202-458-4167 (Phone)
202-522-3518 (Fax)

HOME PAGE: http://www.worldbank.org/en/about/people/s/sergio-schmukler

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