Abstract
FinTech or financial technology has improved financial services through technology and innovation. These revolutionary financial companies are here to stay since they offer significant benefits to users, such as more incredible speed or lower commissions on their transactions. They are very competitive in the market, being more attractive than banks. Since the outbreak of the COVID-19 pandemic, many people are starting to start a business, and FinTechs represent an excellent opportunity to start a sustainable green business over time and fast-growing. Naturally, it is not an easy task to launch a new FinTech; it requires hard work, but it has great rewards. Due to those above, it is essential to analyze its implications deeply.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Agarwal S, Chua YH (2020) FinTech and household finance: a review of the empirical literature. Chin Finance Rev Int. https://doi.org/10.1108/CFRI-03-2020-0024
Alam N, Gupta L, Zameni A (2019) Fintech Regulation. In: Alam N, Gupta L, Zameni A (eds) Fintech and Islamic finance: digitalization, development and disruption. Springer International Publishing, pp 137–158. https://doi.org/10.1007/978-3-030-24666-2_8
Alt R, Beck R, Smits MT (2018) FinTech and the transformation of the financial industry. Electron Mark 28(3):235–243. https://doi.org/10.1007/s12525-018-0310-9
Alvarez-Risco A, Del-Aguila-Arcentales S, Villalobos-Alvarez D, Diaz-Risco S (2022) Leadership for sustainability in crisis time. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 41–64. https://doi.org/10.1007/978-981-19-0549-0_3
Anshari M, Almunawar MN, Masri M, Hamdan M (2019) Digital marketplace and FinTech to support agriculture sustainability. Energy Procedia 156:234–238. https://doi.org/10.1016/j.egypro.2018.11.134
Arias-Meza M, Alvarez-Risco A, Cuya-Velásquez BB, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) Fashion and textile circularity and waste footprint. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 181–204. https://doi.org/10.1007/978-981-19-0549-0_9
Arner DW, Buckley RP, Zetzsche DA, Robin V (2020) Sustainability, FinTech and financial inclusion. Eur Bus Organ Law Rev 21(1):7–35
Bada A (2019) What are the different types of Fintech? Coinspeaker. Retrieved 01/01/2022 from https://www.coinspeaker.com/guides/different-types-of-fintech
Brown E, Piroska D (2022) Governing Fintech and Fintech as governance: the regulatory sandbox, risk washing, and disruptive social classification. New Political Economy 27(1):19–32. https://doi.org/10.1080/13563467.2021.1910645
Castillo-Benancio S, Alvarez-Risco A, Esquerre-Botton S, Leclercq-Machado L, Calle-Nole M, Morales-Ríos F, … Del-Aguila-Arcentales S (2022) Circular economy for packaging and carbon footprint. In Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 115–138. https://doi.org/10.1007/978-981-19-0549-0_6
Chen MA, Wu Q, Yang B (2019) How Valuable Is FinTech Innovation? Rev Financ Stud 32(5):2062–2106. https://doi.org/10.1093/rfs/hhy130
Chiu IHY (2017) A new era in Fintech payment innovations? A perspective from the institutions and regulation of payment systems. Law Innov Technol 9(2):190–234. https://doi.org/10.1080/17579961.2017.1377912
Chuen DLK, Teo EG (2015) Emergence of FinTech and the LASIC principles. J Finan Perspect 3(3):24–36
Contreras-Taica A, Alvarez-Risco A, Arias-Meza M, Campos-Dávalos N, Calle-Nole M, Almanza-Cruz C, … Del-Aguila-Arcentales S (2022) Virtual education: carbon footprint and circularity. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 265–285. https://doi.org/10.1007/978-981-19-0549-0_13
Cuya-Velásquez BB, Alvarez-Risco A, Gomez-Prado R, Juarez-Rojas L, Contreras-Taica A, Ortiz-Guerra A, … Del-Aguila-Arcentales S (2022) Circular economy for food loss reduction and water footprint. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 65–91. https://doi.org/10.1007/978-981-19-0549-0_4
De-la-Cruz-Diaz M, Alvarez-Risco A, Jaramillo-Arévalo M, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) 3D print, circularity, and footprints. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 93–112. https://doi.org/10.1007/978-981-19-0549-0_5
de las Mercedes Anderson-Seminario M, Alvarez-Risco A (2022) Better students, better companies, better life: circular learning. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 19–40. https://doi.org/10.1007/978-981-19-0549-0_2
Degerli K (2019) Regulatory challenges and solutions for Fintech in Turkey. Procedia Comput Sci 158:929–937. https://doi.org/10.1016/j.procs.2019.09.133
Del-Aguila-Arcentales S, Alvarez-Risco A, Muthu SS (2022) Measuring circular economy. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, (pp 3–17. https://doi.org/10.1007/978-981-19-0549-0_1
Domínguez C (2021) Surgen nuevos modelos Fintech: Avanzan fuerte préstamos digitales o Lendingthec. Existen 491 empresas en AL que dan soluciones crediticias. Retrieved 01/01/2022 from http://fresno.ulima.edu.pe/ss_bd00102.nsf/RecursoReferido?OpenForm&id=PROQUEST-41716https://www.proquest.com/newspapers/surgen-nuevos-modelos-fintech/docview/2573327639/se-2?accountid=45277
Esquerre-Botton S, Alvarez-Risco A, Leclercq-Machado L, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) Food loss reduction and carbon footprint practices worldwide: a benchmarking approach of circular economy. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 161–179. https://doi.org/10.1007/978-981-19-0549-0_8
Finnovista (2018) Brazil regains Fintech leadership in Latin America and surpasses the 370 startup barrier [Brasil recupera el liderazgo Fintech en América Latina y supera la barrera de las 370 startups]. Retrieved 01/01/2022 from https://www.finnovista.com/radar/brasil-recupera-el-liderazgo-fintech-en-america-latina-y-supera-la-barrera-de-las-370-startups
Gazel M, Schwienbacher A (2021) Entrepreneurial fintech clusters. Small Bus Econ 57(2):883–903
Goldstein I, Jiang W, Karolyi GA (2019) To FinTech and beyond. Rev Finan Stud 32(5):1647–1661. https://doi.org/10.1093/rfs/hhz025
Gomber P, Kauffman RJ, Parker C, Weber BW (2018) On the Fintech revolution: interpreting the forces of innovation, disruption, and transformation in financial services. J Manage Inf Syst 35(1):220–265. https://doi.org/10.1080/07421222.2018.1440766
Gomber P, Koch J-A, Siering M (2017) Digital finance and FinTech: current research and future research directions. J Bus Econ 87(5):537–580. https://doi.org/10.1007/s11573-017-0852-x
Gómez-Prado R, Alvarez-Risco A, Sánchez-Palomino J, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) Circular economy for waste reduction and carbon footprint. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular Economy: Impact on Carbon and Water Footprint. Springer Singapore, pp 139–159. https://doi.org/10.1007/978-981-19-0549-0_7
Gromek M (2018) Clarifying the blurry lines of FinTech: Opening the Pandora’s box of FinTech categorization 1. In: The rise and development of FinTech. Routledge, pp 168–189
Haddad C, Hornuf L (2019) The emergence of the global fintech market: economic and technological determinants. Small Bus Econ 53(1):81–105. https://doi.org/10.1007/s11187-018-9991-x
Hinson R, Lensink R, Mueller A (2019) Transforming agribusiness in developing countries: SDGs and the role of FinTech. Curr Opin Environ Sustain 41:1–9. https://doi.org/10.1016/j.cosust.2019.07.002
Hornuf L, Klus MF, Lohwasser TS, Schwienbacher A (2021) How do banks interact with fintech startups? Small Bus Econ 57(3):1505–1526
Hudaefi FA (2020) How does Islamic fintech promote the SDGs? Qualitative evidence from Indonesia. Qual Res Finan Markets 12(4):353–366. https://doi.org/10.1108/QRFM-05-2019-0058
Jiang S, Qiu S, Zhou H, Chen M (2019) Can FinTech development curb agricultural nonpoint source pollution? Int J Environ Res Public Health 16(22). https://doi.org/10.3390/ijerph16224340
Juarez-Rojas L, Alvarez-Risco A, Campos-Dávalos N, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) Water footprint in the textile and food supply chain management: trends to become circular and sustainable. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S. (eds) Circular economy: impact on carbon and water footprint. Springer Singapore, pp 225–243. https://doi.org/10.1007/978-981-19-0549-0_11
Khiaonarong T, Goh T (2020) FinTech and payments regulation: an analytical framework. J Payments Strategy Syst 14(2):157–171. https://www.ingentaconnect.com/content/hsp/jpss/2020/00000014/00000002/art00008
Kim Y, Choi J, Park Y-J, Yeon J (2016) The adoption of mobile payment services for “Fintech.” Int J Appl Eng Res 11(2):1058–1061
Klus MF, Lohwasser TS, Holotiuk F, Moormann J (2019) Strategic alliances between banks and Fintechs for digital innovation: Motives to collaborate and types of interaction. J Entrepreneurial Financ 21(1):1
Knewtson HS, Rosenbaum ZA (2020) Toward understanding FinTech and its industry. Manage Financ 46(8):1043–1060. https://doi.org/10.1108/MF-01-2020-0024
Kohtamäki M, Parida V, Oghazi P, Gebauer H, Baines T (2019) Digital servitization business models in ecosystems: a theory of the firm. J Bus Res 104:380–392. https://doi.org/10.1016/j.jbusres.2019.06.027
Lagna A, Ravishankar MN (2022) Making the world a better place with Fintech research. Inf Syst J 32(1):61–102. https://doi.org/10.1111/isj.12333
Lee I, Shin YJ (2018) Fintech: ecosystem, business models, investment decisions, and challenges. Bus Horiz 61(1):35–46. https://doi.org/10.1016/j.bushor.2017.09.003
Mackenzie A (2015) The fintech revolution. Lond Bus Sch Rev 26(3):50–53. https://doi.org/10.1111/2057-1615.12059
Martinez APC (2007) The Theoretical Approach to International Cooperation in Education: Analysis of three International Cooperation Agencies: IMEXCI, Mexico; AECI, Spain and USAID, United States [El Enfoque Teorico de la Cooperacion Internacional en Educacion: Analisis de tres agencias de Cooperacion Internacional: IMEXCI, Mexico; AECI, Espana y USAID, Estados Unidos]. Retrieved 01/01/2022 from http://catarina.udlap.mx/u_dl_a/tales/documentos/lri/cid_m_ap/resumen.html
Mckinsey and Company (2020) How US customers’ attitudes to Fintech are shifting during the pandemic. Retrieved 01/01/2022 from https://www.mckinsey.com/industries/financial-services/our-insights/how-us-customers-attitudes-to-fintech-are-shifting-during-the-pandemic
Mention A-L (2019) The future of Fintech. Res Technol Manage 62(4):59–63. https://doi.org/10.1080/08956308.2019.1613123
Morales-Ríos F, Alvarez-Risco A, Castillo-Benancio S, de las Mercedes Anderson-Seminario M, Del-Aguila-Arcentales S (2022) Material selection for circularity and footprints. In: Alvarez-Risco A, Muthu SS, Del-Aguila-Arcentales S (eds) Circular economy: impact on carbon and water footprint . Springer Singapore, pp 205–221. https://doi.org/10.1007/978-981-19-0549-0_10
Oxford English Dictionary. (n.d.). Definition of fintech. Retrieved 01/01/2022 from OxfordLearnersDictionaries.com
Portafolio (2019) Fintech is not a fad, but the new norm [Las fintech no son moda, sino la nueva norma]. Retrieved 01/01/2022 from https://www.portafolio.co/economia/finanzas/las-fintech-no-son-moda-sino-la-nueva-norma-534557
Porter M (1997) Competitive strategy, measuring business excellence
Pozzolo AF (2017) Fintech and banking. Friends or foes. European Economy–Banks, Regulation, and the Real Sector, Year, 3
Rupeika-Apoga R, Wendt S (2021) FinTech in Latvia: status quo, current developments, and challenges ahead. Risks 9(10). https://doi.org/10.3390/risks9100181
Thakor AV (2020) Fintech and banking: What do we know? J Financ Intermediation 41:100833. https://doi.org/10.1016/j.jfi.2019.100833
Tsai C-H, Peng K-J (2017) The FinTech revolution and financial regulation: the case of online supply-chain financing. Asian J Law Soc 4(1):109–132. https://doi.org/10.1017/als.2016.65
Wójcik D (2020) Financial geography II: the impacts of FinTech—financial sector and centres, regulation and stability, inclusion and governance. Prog Hum Geogr 45(4):878–889. https://doi.org/10.1177/0309132520959825
Xu Y, Bao H, Zhang W, Zhang S (2021) Which financial earmarking policy is more effective in promoting FinTech innovation and regulation? Ind Manage Data Syst 121(10):2181–2206. https://doi.org/10.1108/IMDS-11-2020-0656
You C (2018) Recent development of FinTech regulation in china: a focus on the new regulatory regime for the P2P Lending (loan-based crowdfunding) market. Capital Markets Law J 13(1):85–115. https://doi.org/10.1093/cmlj/kmx039
Zhou X, Chen S (2021) FinTech innovation regulation based on reputation theory with the participation of new media. Pac Basin Financ J 67:101565. https://doi.org/10.1016/j.pacfin.2021.101565
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Calle-Nole, M., Alvarez-Risco, A., Contreras-Taica, A., de las Mercedes Anderson-Seminario, M., Del-Aguila-Arcentales, S. (2023). FinTech: An Innovative Green Entrepreneurship Model. In: Alvarez-Risco, A., Muthu, S.S., Del-Aguila-Arcentales, S. (eds) Footprint and Entrepreneurship. Environmental Footprints and Eco-design of Products and Processes. Springer, Singapore. https://doi.org/10.1007/978-981-19-8895-0_11
Download citation
DOI: https://doi.org/10.1007/978-981-19-8895-0_11
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-19-8894-3
Online ISBN: 978-981-19-8895-0
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)