IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04470137.html
   My bibliography  Save this paper

Fintech and Its Historical Perspective

Author

Listed:
  • P.D.R. Griffiths

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie)

Abstract

This chapter gives an overview of 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 three complex external phenomena on the technological, social and financial fronts happened nearly simultaneously in the second half of the last decade that led banks to 'get their eyes off the ball' and opened the window for a whole new industrial sector to emerge, Fintech. The effects of these three external forces were magnified by the transition from an industrial economy for which the banks were well equipped, to the knowledge economy that they were slow to interpret. Finally, the reader is presented with a framework to understand the industrial organisation of the Fintech sector and insights on how the relationship between banks and Fintech evolved from a highly antagonistic one, to one of collaboration. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2021.

Suggested Citation

  • P.D.R. Griffiths, 2021. "Fintech and Its Historical Perspective," Post-Print hal-04470137, HAL.
  • Handle: RePEc:hal:journl:hal-04470137
    DOI: 10.1007/978-3-030-66433-6_2
    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.

    More about this item

    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:hal:journl:hal-04470137. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.