INFLUENCE OF FINANCIAL TECHNOLOGY (FINTECH) ON FINANCIAL INDUSTRY

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Musabegovic I., ÖZER M., Djukovic S., Jovanovic S.

EKONOMIKA POLJOPRIVREDA-ECONOMICS OF AGRICULTURE, cilt.66, sa.4, ss.1003-1021, 2019 (ESCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 66 Sayı: 4
  • Basım Tarihi: 2019
  • Doi Numarası: 10.5937/ekopolj1904003m
  • Dergi Adı: EKONOMIKA POLJOPRIVREDA-ECONOMICS OF AGRICULTURE
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI)
  • Sayfa Sayıları: ss.1003-1021
  • Anahtar Kelimeler: Financial Technology, Banking, Disruption, Efficiency, Regulation
  • Anadolu Üniversitesi Adresli: Evet

Özet

The financial technology (hereinafter: fintech) industry is growing rapidly which is supported by the fact that it received more than $20 billion in investment last year alone. This article surveys historical development of fintech and its influence on market structure in banking industry, efficiency, strategic plans of participants, and stability of financial market. Based on World Bank database, the paper tests the fundamental premise - whether there is a relationship between country GDP and population and usage of new technology and smartphones in financial transactions and payment processing.