IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v17y2021i6p19.html

Toward Successful Bank-Fintech Partnerships: Perspectives from Service Providers in an Emerging Economy

Author

Listed:
  • Yen H. Hoang
  • Nhung T. H. Nguyen
  • Ngoc B. Vu
  • Duong T.T. Nguyen
  • Linh H.T. Tran

Abstract

benefits they can gain from each other in the cooperation process. In that process, the perspectives of each party are very likely to determine the outcome of the cooperation. This study is conducted to examine the perspectives of banks and fintech companies in the collaboration process, hence, identify factors that can potentially affect the success of a bank-fintech partnership. A qualitative methodology was adopted, including in-depth interviews and focus group discussion with two groups of commercial banks and fintech companies conducted in Vietnam in 2019. The study findings include the benefits, the obstacles, advantages and disadvantages of each party as well as their strengths and weaknesses, partner selection criteria are among important factors that can influence the cooperation process. Obtained findings imply important policies to ensure successful partnerships between banks and fintech in Vietnam.

Suggested Citation

  • Yen H. Hoang & Nhung T. H. Nguyen & Ngoc B. Vu & Duong T.T. Nguyen & Linh H.T. Tran, 2021. "Toward Successful Bank-Fintech Partnerships: Perspectives from Service Providers in an Emerging Economy," Asian Social Science, Canadian Center of Science and Education, vol. 17(6), pages 1-19, June.
    • Handle: RePEc:ibn:assjnl:v:17:y:2021:i:6:p:19
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/0/0/45389/48198
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ass/article/view/0/45389
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Haddad & Lars Hornuf, 2016. "The Emergence of the Global Fintech Market: Economic and Technological Determinants," CESifo Working Paper Series 6131, CESifo.
    2. Thomas Hellmann & Manju Puri, 2002. "Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence," Journal of Finance, American Finance Association, vol. 57(1), pages 169-197, February.
    3. Dushnitsky, Gary & Lenox, Michael J., 2006. "When does corporate venture capital investment create firm value?," Journal of Business Venturing, Elsevier, vol. 21(6), pages 753-772, November.
    4. Francesco COREA, 2015. "What Finance Can Learn from Biopharma Industry: A Transfer of Innovation Models," Expert Journal of Finance, Sprint Investify, vol. 3(1), pages 45-53.
    5. Christian Haddad & Lars Hornuf, 2016. "The Emergence of the Global Fintech Market: Economic and Technological Determinants," Research Papers in Economics 2016-10, University of Trier, Department of Economics.
    6. Paul A. Pavlou & David Gefen, 2004. "Building Effective Online Marketplaces with Institution-Based Trust," Information Systems Research, INFORMS, vol. 15(1), pages 37-59, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bömer, Max & Maxin, Hannes, 2018. "Why Fintechs Cooperate with Banks - Evidence from Germany," Hannover Economic Papers (HEP) dp-637, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Anna Crisci & Luana Serino & Francesco Campanella, 2024. "Graphical diagnostics in proportional odds models—Empirical study on determinants of FinTech payment service diffusion by SMEs in Italy," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(6), pages 5755-5776, December.
    3. Megginson, William L. & Meles, Antonio & Sampagnaro, Gabriele & Verdoliva, Vincenzo, 2019. "Financial distress risk in initial public offerings: How much do venture capitalists matter?," Journal of Corporate Finance, Elsevier, vol. 59(C), pages 10-30.
    4. Diego Useche & Sophie Pommet, 2021. "Where do we go? VC firm heterogeneity and the exit routes of newly listed high-tech firms," Small Business Economics, Springer, vol. 57(3), pages 1339-1359, October.
    5. Hoang, Ha, 2020. "Fintech And Industrial Revolution 4.0, The Impact On The Financial World," OSF Preprints n7vqg, Center for Open Science.
    6. Fangqing Wei & Yi Yang & Yao Chen & Feng Yang, 2022. "The effects of venture capital investments on industrial innovative opportunities and technological arbitrage opportunities," Small Business Economics, Springer, vol. 58(4), pages 2261-2280, April.
    7. Thomas Puschmann, 2017. "Fintech," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(1), pages 69-76, February.
    8. repec:osf:osfxxx:n7vqg_v1 is not listed on IDEAS
    9. Ramana Nanda & Matthew Rhodes-Kropf, 2013. "Innovation and the Financial Guillotine," NBER Working Papers 19379, National Bureau of Economic Research, Inc.
    10. Md. Morshadul Hasan & Lu Yajuan & Appel Mahmud, 2020. "Regional Development of China’s Inclusive Finance Through Financial Technology," SAGE Open, , vol. 10(1), pages 21582440199, February.
    11. Stefanie Weniger & Svenja Jarchow, 2023. "Between benefit and risk: how entrepreneurs evaluate corporate investors," Journal of Business Economics, Springer, vol. 93(5), pages 783-816, July.
    12. Rafał Morawczyński, 2020. "Venture Capitalists’ Investment Criteria in Poland: Entrepreneurial Opportunities, Entrepreneurs, and Founding Teams," Administrative Sciences, MDPI, vol. 10(4), pages 1-30, October.
    13. Masulis, Ronald W. & Nahata, Rajarishi, 2009. "Financial contracting with strategic investors: Evidence from corporate venture capital backed IPOs," Journal of Financial Intermediation, Elsevier, vol. 18(4), pages 599-631, October.
    14. Cécile Fonrouge & Daniela Bolzani, 2019. "Motivations and barriers to crowdlending as a tool for diasporic entrepreneurial finance," Post-Print halshs-02077559, HAL.
    15. Diego Useche & Sophie Pommet, 0. "Where do we go? VC firm heterogeneity and the exit routes of newly listed high-tech firms," Small Business Economics, Springer, vol. 0, pages 1-21.
    16. Antonio Meles & Stefano Monferr� & Vincenzo Verdoliva, 2014. "Do the effects of private equity investments on firm performance persist over time?," Applied Financial Economics, Taylor & Francis Journals, vol. 24(3), pages 203-218, February.
    17. Ye, Xiaojie & Yang, Dan & Yu, Ling, 2025. "Does venture capitalists’ monitoring role have spillover effect? — Evidence from valuation adjustment mechanism in mergers and acquisitions," Finance Research Letters, Elsevier, vol. 82(C).
    18. Caroline Stern & Mikko Makinen & Zongxin Qian, 2017. "FinTechs in China – with a special focus on peer to peer lending," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 10(3), pages 215-228, October.
    19. Colombo, Massimo G. & D’Adda, Diego & Pirelli, Lorenzo H., 2016. "The participation of new technology-based firms in EU-funded R&D partnerships: The role of venture capital," Research Policy, Elsevier, vol. 45(2), pages 361-375.
    20. Thomas Puschmann & Christian Hugo Hoffmann & Valentyn Khmarskyi, 2020. "How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland," Sustainability, MDPI, vol. 12(24), pages 1-30, December.
    21. Wen, Jun & Yang, Di & Feng, Gen-Fu & Dong, Minyi & Chang, Chun-Ping, 2018. "Venture capital and innovation in China: The non-linear evidence," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 148-162.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:17:y:2021:i:6:p:19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.