@techreport{1927bbb25fa94f7fbc35bd5666edca8a,
title = "The Impact of Fintechs on Financial Intermediation: A Functional Approach",
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.",
keywords = "Fintech, cryptocurrencies, P2P lending, intermediation, payments, big-tech, roboadvisory, blockchain",
author = "Michel Crouhy and Dan Galai and Zvi Wiener",
year = "2021",
doi = "10.1142/S270510992031001X",
language = "אנגלית",
volume = "1",
series = "The Journal of FinTech",
publisher = "World Scientific",
edition = "1",
type = "WorkingPaper",
institution = "World Scientific",
}
