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BigTech Strategic Approaches: Worrying Competition?

In: FinTech, BigTech and Banks

Author

Listed:
  • Alessandra Tanda

    (University of Pavia)

  • Cristiana-Maria Schena

    (University of Insubria)

Abstract

By leveraging on the data acquired within their core businesses, BigTechBigTech firms have long offered financial services too, starting with payment services and continuing with lending and wealth management services. Strategies involving widening financial services provision can be implemented according to two main development lines: development to support the main core business or development to diversify the services offered. US and Chinese BigTechs, in particular, are offering an ever increasing number and wider set of products on the market, including via the creation of controlled dedicated financial intermediaries, to allow them to respond to customers’ needs with a holistic approach.

Suggested Citation

  • Alessandra Tanda & Cristiana-Maria Schena, 2019. "BigTech Strategic Approaches: Worrying Competition?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: FinTech, BigTech and Banks, chapter 0, pages 37-50, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-3-030-22426-4_3
    DOI: 10.1007/978-3-030-22426-4_3
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    Cited by:

    1. Paola Argüello Kalpa & María Alexandra Ortiz Cabrera, 2020. "Colección Enrique Low Murtra. Tomo XIII, Derecho económico," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1274, October.
    2. Murinde, Victor & Rizopoulos, Efthymios & Zachariadis, Markos, 2022. "The impact of the FinTech revolution on the future of banking: Opportunities and risks," International Review of Financial Analysis, Elsevier, vol. 81(C).

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