How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland

Swiss Finance Institute Research Paper No. 21-20

Published, Sustainability 2020, 12(24), 10691

37 Pages Posted: 8 Mar 2021 Last revised: 15 Mar 2021

See all articles by Thomas Puschmann

Thomas Puschmann

University of Zurich

Christian Hoffmann

University of Zurich - Department of Banking and Finance

Valentyn Khmarskyi

University of Zurich, Department of Banking and Finance, Students

Date Written: March 1, 2021

Abstract

The financial services industry is currently undergoing a major transformation, with digitization and sustainability being the core drivers. While both concepts have been researched in recent years, their intersection, often conceived as “green FinTech,” remains under-determined. Therefore, this paper contributes to this important discussion about green FinTech by, first, synthesizing the relevant literature systematically. Second, it shows the results of an empirical, in-depth analysis of the Swiss FinTech landscape both in terms of green FinTech startups as well as the services offered by the incumbents. The research results show that literature in this new domain has only emerged recently, is mostly characterized by a specific focus on isolated aspects of green FinTech and does not provide a comprehensive perspective on the topic yet. In addition, the results from the literature and the market analysis indicate that green FinTech has an impact along the whole value chain of financial services covering customer-to-customer (c2c), business-to-customer (b2c), and business-to-business (b2b) services. Today the field is predominantly captured by startup companies in contrast to the incumbents whose solutions are still rare.

Keywords: sustainability; FinTech; InsurTech; green FinTech; climate change; digital transformation

Suggested Citation

Puschmann, Thomas and Hoffmann, Christian and Khmarskyi, Valentyn, How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland (March 1, 2021). Swiss Finance Institute Research Paper No. 21-20, Published, Sustainability 2020, 12(24), 10691, Available at SSRN: https://ssrn.com/abstract=3798360

Thomas Puschmann

University of Zurich ( email )

Rämistrasse 71
Zürich, CH-8006
Switzerland

Christian Hoffmann

University of Zurich - Department of Banking and Finance ( email )

Schönberggasse 1
Zürich, 8001
Switzerland

Valentyn Khmarskyi (Contact Author)

University of Zurich, Department of Banking and Finance, Students ( email )

Schönberggasse 1
Zurich
Switzerland

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