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An Attempt at Synthesis: Financial Market Digitalisation Scenarios, Opportunities and Challenges

In: FinTech, BigTech and Banks

Author

Listed:
  • Alessandra Tanda

    (University of Pavia)

  • Cristiana-Maria Schena

    (University of Insubria)

Abstract

The FinTechFinTech revolution has changed the financial markets which are now facing a point of no return. New products, services and processes are being offered by new entrants, be they FinTech, BigTech or digital native financial intermediaries. A competitive power that mainly derives from the new business models adopted for the provision of financial services is forcing incumbent banks to rethink their approach to the market and to customers. BigTechBigTech and FinTech represent worrying competitors, but also an opportunity for partnerships, especially for smaller banks. The future development of banking business models will also be shaped by the regulatory steps that will be taken by the authorities. These should aim to level the playing field to ensure financial stability and consumer protection.

Suggested Citation

  • Alessandra Tanda & Cristiana-Maria Schena, 2019. "An Attempt at Synthesis: Financial Market Digitalisation Scenarios, Opportunities and Challenges," Palgrave Macmillan Studies in Banking and Financial Institutions, in: FinTech, BigTech and Banks, chapter 0, pages 101-108, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-22426-4_6
    DOI: 10.1007/978-3-030-22426-4_6
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