Global Fintech market: recent performance and the effect of COVID-19 – investigating the impact of the pandemic in the financial technology sector

Kostantinos Tsanis, Vasilios Stouraitis

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

1 Citation (Scopus)
507 Downloads (Pure)

Abstract

The FinTech industry has been growing rapidly and significantly, becoming the go-to service provider for some of the most important financial services, such as lending and payments. Since 2020, the onset of COVID-19 has substantially impacted the industry, both positively and negatively. This chapter discusses the recent performance of the FinTech industry based on a large-scale survey across the globe. The chapter then focuses on analysing the ‘new normal' in banking, after the pandemic era, based on the findings of the global survey, with explicit focus on the FinTech sector, followed by further implications on the impact that the pandemic had in the traditional banking sector. The chapter concludes by providing an overview of the emerging opportunities that appear in the FinTech sector.
Original languageEnglish
Title of host publicationExternal Events and Crises That Impact Firms and Other Entities
EditorsHeather C. Webb, Hussain A. Al Numairy
PublisherIGI Global
Chapter1
Number of pages23
ISBN (Electronic)9781799883487
ISBN (Print)9781799883463
DOIs
Publication statusPublished - 2022

Keywords

  • finance
  • technology
  • COVID-19

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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