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Financial Digitalization: Banks, Fintech, Bigtech, And Consumers

Author

Listed:
  • SANTIAGO CARBÓ VALVERDE

    (CUNEF, Bangor University and Funcas, UK)

  • FRANCISCO RODRÍGUEZ FERNÁNDEZ

    (University of Granada and Funcas, Spain)

Abstract

This article explores some recent macroeconomic and microeconomic approaches to financial digitalization and the relationship between banks, FinTech and BigTech. It also deals with new approaches to identify the adoption and implications of financial digitalization by consumers. We show competition between traditional banks and tech companies is mostly driven by their relative ability to manage information sharing. Regulation is still considering ways of providing a level playing field while industry participants are reacting with a mixture of strategies, many of them based on cooperation. The paper also shows there are different ways in which customers access financial digital channels and new approaches from matching learning and brain studies to identify behavioral patterns in financial digitalization decisions.

Suggested Citation

  • Santiago Carbó Valverde & Francisco Rodríguez Fernández, 2020. "Financial Digitalization: Banks, Fintech, Bigtech, And Consumers," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-13, June.
    • Handle: RePEc:wsi:jfmmix:v:08:y:2020:i:01:n:s2282717x20400010
    DOI: 10.1142/S2282717X20400010
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    Citations

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    Cited by:

    1. CIUMARA, Tudor, 2022. "Financial Digitalization For Consumers, Companies And Financial Institutions – Key Transformations," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 120-123, October.
    2. Henri Teittinen & Markku Kaperi, 2022. "Exploring dishonest vulnerability in digital finance platforms ? an actor?network theory approach," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 10(2), pages 67-79, November.
    3. Mirza, Nawazish & Umar, Muhammad & Afzal, Ayesha & Firdousi, Saba Fazal, 2023. "The role of fintech in promoting green finance, and profitability: Evidence from the banking sector in the euro zone," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 33-40.

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