Abstract
This chapter enriches discussions from earlier chapters to explore in further depth the evolving relationship between FinTech and Banking. It discusses the extent of impact of FinTech disruption on incumbent financial institutions, and by explaining how the relationships between new FinTech firm entrants and Banks have been evolving over time. More specifically, by providing a detailed overview of the competitive–collaborative relationship between FinTechs and banks. Furthermore, it offers a detailed overview of the contemporary FinTech ecosystem, including an analysis of the services offered by new competitors, as well as how the FinTech phenomenon has grown since its emergence.
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Notes
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See Ehrentraud, Garzoni, et al., (2020) for a distinction of the characteristics of innovation hubs, regulatory sandboxes and accelerators.
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Carbó-Valverde, S., Cuadros-Solas, P.J., Rodríguez-Fernández, F. (2021). FinTech and Banking: An Evolving Relationship. In: King, T., Stentella Lopes, F.S., Srivastav, A., Williams, J. (eds) Disruptive Technology in Banking and Finance. Palgrave Studies in Financial Services Technology. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-81835-7_6
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