Trends in FinTech Research and Practice: Examining the Intersection with the Information Systems Field
Communications of the Association for Information Systems
; 50(1):803-834, 2022.
Article
in English
| Scopus | ID: covidwho-1934778
ABSTRACT
This paper offers a systematic review of academic and practitioner-oriented literature on FinTech to determine the literature's existing scope and examine the intersection with work in the Information Systems (IS) field. Findings from our review show that the practitioner-oriented literature foreshadowed the rise of FinTech by extensively reporting on algorithm-based and electronic trading (2009 onwards), followed by reporting on FinTech start-ups and funding successes (2014 onwards). The practitioner literature subsequently reported on alternative finance models, the introduction of cryptocurrencies, and risks and regulatory issues. Academic literature on FinTech began to rise from 2014 onwards, focusing initially on the development of FinTech in the aftermath of the 2007-2008 global financial crisis. Research attention subsequently shifted to FinTech innovations (alternative finance, cryptocurrency and blockchain, machine-based methods for financial analysis and forecasting, including artificial intelligence), as well as risk and regulatory issues. IS work on FinTech started to emerge from 2015 onwards, initially focusing on mobile payment systems and peer-to-peer lending. However, the body of work at the intersection of FinTech and IS is still small. Our review sheds light on several opportunities for future research, including financial inclusion, the impacts arising from COVID-19, and the emergence of new business models, such as Banking as a Service (BaaS). © 2022 by the Association for Information Systems.
AlgoTrading; Banking as a Service (BaaS); COVID-19; Cryptocurrency; Financial Inclusion; Literature Review; Machine-based Learning; RegTech; Research Trends; Risk and Regulation; Electronic money; Finance; Information systems; Information use; Machine learning; Peer to peer networks; Risk assessment; Banking as a service (baa); Financial inclusions; Literature reviews; Regulatory issues; Risk issues
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Communications of the Association for Information Systems
Year:
2022
Document Type:
Article
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