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Banks and Fintech: strategies and business models

Author

Listed:
  • Nicola Ilario Sibilio

    (Banca d’Italia)

  • Marco Boero

    (Banca d’Italia)

  • Luca Salerno

    (Banca d’Italia)

Abstract

Ict and Fintech development have resulted in product, process and organizational innovations for banks and for their business models, with direct and significant impacts on organization, internal controls and risk management. Banking and financial intermediaries will have to redefine themselves to be more competitive and compliant. At the same time, authorities are concerned about the potential risks that may emerge for the financial system and for consumer protection. Faced with these challenges, banks are adopting different approaches: developing in-house technological solutions; partnering with new entrant Fintech firms; opting for a complete outsourcing of financial innovation; or participating in business incubators or accelerators

Suggested Citation

  • Nicola Ilario Sibilio & Marco Boero & Luca Salerno, 2019. "Banks and Fintech: strategies and business models," BANCARIA, Bancaria Editrice, vol. 2, pages 46-62, February.
    • Handle: RePEc:ban:bancar:v:2:y:2019:m:february:p:46-62
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    File URL: http://www.bancaria.it/en/banks-and-fintech-strategies-and-business-models
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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