The Impact, Trend and Corporate Strategy of the FinTech Industry

DOI

10.2991/icmess-18.2018.3How to use a DOI?

Keywords

FinTech; Impact; Trend; Corporate Strategy

Abstract

This paper explores the impact FinTech is exerting on financial business, its future trend, and suitable strategies of market players based on a dataset of 892 global representative entrepreneurial firms and interviews to some of them. We find that FinTech will profoundly influence six business sections including assets management, payment and transfer, Internet lending and financing, retails bank, securities broker, and insurance. In the future, FinTech will transform current financial industry in six aspects: infrastructure, demand sources, service, forms of assets, operating principles, as well as market structure. The financial institutes should streamline the potentiality when applying FinTech to their businesses, and improve the capabilities of data analysis and application. Moreover, they may respond to FinTech by collaboration, development and the acquisition of entrepreneurial firms. FinTech firms should retain their customers with big data and high-quality service to ensure continuous value.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lei Xu
PY  - 2018/06
DA  - 2018/06
TI  - The Impact, Trend and Corporate Strategy of the FinTech Industry
BT  - Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
PB  - Atlantis Press
SP  - 11
EP  - 16
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-18.2018.3
DO  - 10.2991/icmess-18.2018.3
ID  - Xu2018/06
ER  -