Impact of fintech on systemic risk in banking: literature review
Date
2023Publisher
Žilinská univerzita v ŽilineLanguage
enAuthor
Petrík, Vladimír
Metadata
Show full item recordAbstract
The finance industry faces disruption when banks, as traditional incumbents, have to deal with growing competition
from FinTech and BigTech companies. FinTech institutions are connected to traditional financial institutions like banks via various
channels, constituting themselves as a part of the financial market and systemic risk with the possibility of spillover and risk
contagion effects. The goal is to provide a literature review to detect theoretical perspectives, topics, and common issues in the
connection between FinTech and systemic risk. A systematic approach to literature review was chosen, resulting in the analysis
of 20 articles from the Web of Science database. Results confirm the positive connection between financial technology and
systemic risk and call for future research.