The Impact, Trend and Corporate Strategy of the FinTech Industry
- 10.2991/icmess-18.2018.3How to use a DOI?
- FinTech; Impact; Trend; Corporate Strategy
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.
- © 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/).
Cite this article
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 -