Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)

The Impact, Trend and Corporate Strategy of the FinTech Industry

Authors
Lei Xu
Corresponding Author
Lei Xu
Available Online June 2018.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
June 2018
ISBN
978-94-6252-520-7
ISSN
2352-5398
DOI
https://doi.org/10.2991/icmess-18.2018.3How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

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  - 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  - https://doi.org/10.2991/icmess-18.2018.3
ID  - Xu2018/06
ER  -