Authors: Karen Lai*, National University of Singapore
Topics: Economic Geography, Business Geography
Keywords: banks, fintech, networks, finance, technology
Session Type: Paper
Start / End Time: 3:05 PM / 4:45 PM
Room: 8222, Park Tower Suites, Marriott, Lobby Level
Presentation File: No File Uploaded
Fintech encompasses a new wave of companies developing new products and platforms to change the way businesses and consumers to make payments, lend, borrow and invest. This chapter examines the ways in which FinTech products and services are reshaping the intermediation function of banks and ways in financial institutions have engaged with FinTech firms in different ways, resulting in variegated forms of organisational change, inter-firm relationships and changing production and financial networks. Such an analysis brings new insights into issues of power in economic processes and inter-firm relationships, and financial ecologies as a framework for studying shifting configurations of economic actors across industry sectors and geographical scales. These have significant implications for how we might study the nature of financial/non-financial firms, changing roles of international financial centres and the nature of inter-firm and inter-industry networks in global finance.