Abstract
We analyze fintechs and their impact on the traditional financial system from a functional perspective. Following the approach suggested by Merton (1995) [A Functional Perspective of Financial Intermediation, Financial Management 24(2), 23–41], we show how the six core functions of financial intermediation are affected by the technological developments. This analysis provides a new perspective on the future of financial services and their regulation.
| Original language | English |
|---|---|
| Article number | 2031001 |
| Number of pages | 52 |
| Journal | The Journal of FinTech |
| Volume | 1 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2021 |
Keywords
- Fintech
- cryptocurrencies
- P2P lending
- intermediation
- payments
- big-tech
- roboadvisory
- blockchain
