Fintech and the Future of Financial Service: A Literature Review and Research Agenda

Lu, Haitian; wang, Bingzhong; Wu, Qing; Ye, Jing

doi:10.2139/ssrn.3600627

Cited by 6 publications

(9 citation statements)

References 64 publications

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“…Das (2019) and Mention (2019) also provide assessments of future developments in fintech. Lu et al (2020) present a research agenda. These assessments on the future of fintech may stimulate many interesting new research areas, empirical and theoretical.…”

Section: Future Research Directionsmentioning

confidence: 99%

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Frontiers in Service Science: Fintech Operations—An Overview of Recent Developments and Future Research Directions

Hao

Pinedo

et al. 2021

Service Science

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In this paper, we provide a survey of recent developments in the fintech (financial technology) industry, focusing on the operational structures, the technologies involved, and the operational risks associated with the new systems. In particular, we discuss payment systems, algorithmic trading, robo-advisory, crowdfunding, and peer-to-peer lending. In the conclusion section, we discuss various promising research directions.

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Section: Future Research Directionsmentioning

confidence: 99%

“…Chemmanur et al (2020) survey the most recent developments in the fintech industry and present a research agenda. Lu et al (2020) provide a taxonomy of the industry and present a research agenda as well. Thakor (2020) surveys the literature that focuses on the interactions between fintech and the traditional banking and insurance sectors.…”

Section: Introductionmentioning

confidence: 99%

Frontiers in Service Science: Fintech Operations—An Overview of Recent Developments and Future Research Directions

Hao

Pinedo

et al. 2021

Service Science

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“…The research to date focuses mainly on Fintech’s applied and pragmatic aims. It focuses on innovative, technical and applied outputs Fintech brings to financial ecosystems, such as algorithm trading, text analysis, cryptocurrencies, blockchain-assisted smart contracts, crowdfunding, Fintech lenders, peer-to-peer lending, Big Data and artificial intelligence (Wonglimpiyarat, 2017; Gai et al , 2018; Lee and Shin, 2018; Goldstein et al , 2019; Lu et al , 2020; Thakor, 2020). It also focuses on the outcomes (or impact ) Fintech innovative offerings have on financial ecosystems, such as disaggregation of the value chain (Boot, 2017) by introducing in the financial landscape new products, business models, players (Bofondi and Gobbi, 2017; Navaretti et al , 2017) as well as new forms of relations and organizing.…”

Section: Understanding the Fintech Phenomenonmentioning

confidence: 99%

“…Despite its applied and pragmatic aims, “Fintech is still an untilled field,” in which, “one of the most pressing [strands of research] is the relationship between Fintech firms and incumbent players” (Schueffel, 2016, p. 49). Recent reviews of the field support this assertion (Skinner, 2015; Dareolles, 2016; Arner et al , 2017; Boot, 2017; Gai et al , 2018; Goldstein et al , 2019; Kowalewski and Pisany, 2020; Lu et al , 2020; Thakor, 2020). This paper is a response to this call (Schueffel, 2016; Bömer and Maxin, 2018), with the aim to explore and construct a framework of the relation between Fintechs and incumbents.…”

Section: Introductionmentioning

confidence: 99%

“…To “till” such “uncultivated” phenomenon, a number of review studies have been undertaken in recent years, taking stock of Fintech, for example, by Skinner (2015), Dareolles (2016); Arner et al (2017), Boot (2017); Gai et al (2018), Goldstein et al (2019); Kowalewski and Pisany (2020), Lu et al (2020); and Thakor (2020), to name a few. Another review study to get further clarity on Fintech phenomenon would most likely add another overview of the field, but not necessarily an insight into the phenomenon.…”

Section: Introductionmentioning

confidence: 99%

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Fintech – stick or carrot – in innovating and transforming a financial ecosystem: toward a typology of comfort zoning

Ţurcan

Deák²

2021

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Purpose Fintech is an “untilled field” in which the relation between Fintechs and incumbents is yet to be understood. This paper aims to explore this relationship and advance its theoretical and practical understanding. It further contributes toward Fintech paradigm and research domain emergence that both to date remain yet elusive. Design/methodology/approach This paper adopted a multiple-case study strategy for the purpose of theory building. Seven players from the Fintech ecosystem in Quebec (Canada) were selected, representing financial institutions, Fintech start-ups and Quebec’s financial cluster. Primary data was collected via in-depth interviews with ten respondents at the level of vice presidents, Managers, directors, chief executive officers and founders, and unobtrusive data – in the form of running records, mass-media news reports, presentations and proceedings from Fintech events. Data analysis was informed by grounded theory methods and techniques. Findings Grounded in data, this paper puts forward a typology of “comfort zoning” and its four types: nimbling, imperiling, cocooning and discomforting. Research limitations/implications Following the tenets of the grounded theory, four criteria are used to evaluate the emergent theory: fit, relevance, workability and modifiability. It is expected the interpretation and adoption of comfort zoning typology will be challenged, modified and enhanced by Fintech researchers and practitioners. Practical implications The comfort zoning typology would aid practitioners in their efforts to define and refine the domain of Fintech, problematize it and eventually enhance the relationship between Fintechs. Originality/value This paper fulfills an identified need to explore the relationship between Fintechs and incumbents and advance the theoretical and practical understanding of this relationship.

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Artificial intelligence to enhance corporate governance: A conceptual framework

Correia¹,

Água²

2023

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In this preliminary study, we explore the novel intersection of corporate governance (CG) and artificial intelligence (AI), addressing the crucial question: How can AI be leveraged to enhance ethical and transparent decision-making within the corporate environment? Drawing from current studies on organizational governance, AI ethics, and data science, our research raises the curtain on the potential of AI in augmenting traditional governance mechanisms, while also scrutinizing the ethical quandaries and challenges it may pose. We propose a novel conceptual framework, rooted in the principles of separation of ownership and control, and data ethics, to be underpinned and validated, in the future, through an empirical study. Given the current inception stage of the study, we expect the results will illustrate a significant positive impact of AI on CG effectiveness, particularly in enhancing transparency and fostering ethical decision-making. We also propose future studies to be done as a mix of econometric and machine learning methods to empirically test the framework with datasets gathered over a period of years.

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Fintech and the Future of Financial Service: A Literature Review and Research Agenda

Cited by 6 publications

References 64 publications

Frontiers in Service Science: Fintech Operations—An Overview of Recent Developments and Future Research Directions

Frontiers in Service Science: Fintech Operations—An Overview of Recent Developments and Future Research Directions

Fintech – stick or carrot – in innovating and transforming a financial ecosystem: toward a typology of comfort zoning

Artificial intelligence to enhance corporate governance: A conceptual framework

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