IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-46309-0_11.html
   My bibliography  Save this book chapter

The FinTech Industry: Crowdfunding in Context

In: Advances in Crowdfunding

Author

Listed:
  • Paul Griffiths

    (Métis Lab)

Abstract

This chapter presents how the financial services sector, especially banking, was a driver for ICT development in the last quarter of the twentieth century and early years of this century. But several phenomena happened on technological, social, and financial fronts in the second half of the last decade that led banks to ‘get their eyes off the ball’ and open the window for a whole new industrial sector to emerge, FinTech. This chapter analyses the phenomenon with the objective of answering: Why did FinTech emerge as an industrial sector, independent of banking? How is the FinTech industry organized and where does crowdfunding fit in? The chapter identifies three external forces that acted upon the banking system and created the conditions for the FinTech sector to emerge. It also looks at the FinTech sector from an industrial organization perspective and proposes a framework connecting financial services functionality and technological applications.

Suggested Citation

  • Paul Griffiths, 2020. "The FinTech Industry: Crowdfunding in Context," Springer Books, in: Rotem Shneor & Liang Zhao & Bjørn-Tore Flåten (ed.), Advances in Crowdfunding, edition 1, chapter 11, pages 241-270, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-46309-0_11
    DOI: 10.1007/978-3-030-46309-0_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:sprchp:978-3-030-46309-0_11. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.