Financial technologies: investment prospects and developmet models
Abstract
It’s no secret that the modern social order is characterized by the growing digitalization of all its aspects. The financial sector is not an exception either, where the next round of transformation is currently taking place, which is manifested in the emergence of fintech startups, their development and expansion of the world market. Moreover, about 15 years ago, the active development of mobile technologies and the accompanying infrastructure began, which brought the importance of fintech to a new level. In this regard, there is more and more discussion about the future of the financial sector and the organizations operating in it. The article presents the research results of the global financial technology industry. The dynamics of global investments in the financial technology sector, including in the form of venture financing, was analyzed, as a result, an answer was given to the question about the relevance of the fintech segment in the third decade of the 21st century. Also, based on the analysis of the world market, models for the development of the financial technology industry in various countries were identified and a vision of the future of fintech was formed.
About the Author
V. A. SheinRussian Federation
Postgraduate student
References
1. Analysis: What’s wrong with a law “About digital financial actives”. – URL: https://ru.ihodl.com/analytics/2020-09-25/analiz-chto-ne-tak-s-zakonom-o-cifrovyh-finansovyh-aktivah (date accessed: 10.04.2021).
2. Fashion Industry // National Research University Higher School of Economics. – URL: https://dcenter.hse.ru/data/2019/12/09/1523584041/ Рынок%20финансовых%20технологий-2019.pdf (date accessed: 04.04.2021).
3. King B. Bank 4.0: A New Financial Reality [trans. from eng. E. Golovlyanitsina]. – M .: Olymp-Business, 2020. – 476 p.
4. Fintech in Australia: Big Data, Open Banking and AI // InternationalWalth.info. – URL: https://internationalwealth.info/all-about-fintec/finteh-v-avstralii-big-data-otkrytyj-banking-i-ai/ (date accessed: 10.04.2021).
5. Swedish Klarna regained its status as Europe’s most expensive startup // Forbes.ru. – URL: https://www.forbes.ru/newsroom/biznes/422287-shvedskaya-klarna-vernula-sebe-status-samogo-dorogogo-startapaevropy?photo=1 (date accessed: 04.04.2021).
6. Bates R. Banking on the future: an exploration of fintech and the consumer interest. A Report for Consumers International. – 2017. – URL: https://www.consumersinternational.org/media/154710/banking-on-the-future-fullreport.pdf (date accessed: 04.04.2021).
7. Buckley R.P., Arner D.W., Zetzsche, D.A., Weber, R.H. The road to RegTech: the (astonishing) example of the European Union // Journal of Banking Regulation. – 2020. – Vol. 21. – Is. 1. – P. 26–36.
8. Fan P.S. Singapore Approach to Develop and Regulate FinTech // Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation. – 2018. – P. 347–357. –URL:
9. https://dcenter.hse.ru/data/2019/12/09/1523584041/Рынок%20финансовых%20технологий-2019.pdf (date accessed: 10.04.2021).
10. Klara D. Overridige FINTECH // Proceeding of 2019 International Conference on Digitization: Landscaping Artificial Intelligence, ICD. – 2019. – P. 245–259.
11. Lee D.K.C. Fintech and alternative investment // Journal of Alternative Investments. – 2018. – Vol. 20. – Is. 3. – P. 6–15.
12. Liu J., Li X., Wang S. What have we learnt from 10 years of fintech research? A scientometric analysis // Technological Forecasting and Social Change. – 2020. – Vol. 155.
13. Podkolzina I.A. The UK’s government and regulatory policy responses to fintech // World Economy and International Relations. – 2021. - Vol. 65. – P. 45–52.
14. Pulse of Fintech // KPMG Global. – URL: https://home.kpmg/xx/en/home/industries/financial-services/pulse-of-fintech.html (date accessed: 04.04.2021).
Review
For citations:
Shein V.A. Financial technologies: investment prospects and developmet models. Kazan economic vestnik. 2021;(2):98-103. (In Russ.)