Fintech as a transformation driver of global financial markets

• Published in: E3S web of conferences Vol. 273; p. 8097
• Main Author: Serbulova, Natalia
• Format: Journal Article Conference Proceeding
• Language: English
• Published: Les Ulis EDP Sciences 2021
• Subjects: Bank technology; Big Data; Biometrics; Business models; Competitive advantage; Cost reduction; Cybersecurity; Data analysis; Financial institutions; Financial services; Fund raising; Information technology; Innovations; International finance; Internet; Market segments; Mobile commerce; Securities markets; Startups; United Kingdom > UK; Australia; United States > US; Russia
• ISSN: 2267-1242; 2555-0403; 2267-1242
• DOI: 10.1051/e3sconf/202127308097

Information technology is a driving innovation in the financial industry now. Fintech is a disruptive innovation capable of changing traditional financial markets. Although the fintech has been widely discussed, there is a lack of consensus on the definition of the term in the scientific literature. This article investigates the concept of fintech, discusses the emergence and development of fintech sector, and points out new routes and trends in the field of study. This research focuses on the next generation technologies impact on fintech, key drivers and challenges in the global fintech industry. The research represents the current most sensitive aspects also linked to the more global theme of digital transformation. Finally, subject related to the fintech infrastructure in Russia is performed. From practical aspect, this paper is also a direction for companies to help them find out promising technology in fintech. The paper can inspire future research on fintech and its application in the business world.