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Title: A review of FinTech research

Authors: Atsuyoshi Takeda; Yoshihiro Ito

Addresses: Nagaoka University of Technology, 1603-1, Kamitomioka, Nagaoka, Niigata, 940-2188, Japan ' Nagaoka University of Technology, 1603-1, Kamitomioka, Nagaoka, Niigata, 940-2188, Japan

Abstract: The aim of this paper is to review previous research on FinTech, which may be broadly understood as financial innovation that uses information technology to provide financial services. The paper describes a review of 88 refereed academic papers on the subject of FinTech published in journals that have high SJR2017 scores. Papers were categorised according to the type of companies leveraging FinTech (existing financial institutions vs. new entrants) and the type of value derived from FinTech innovation (new value-added vs. improved efficiency). Also considered were types of new value-added, geographical focus of the research and research methodologies. The largest number of studies concerned the use of FinTech innovation by new entrants to offer solutions to social issues or build new financial ecosystems. Over half the studies were on FinTech in Asia or the European Union, and the most common methodology employed was the case study.

Keywords: FinTech; financial innovation; information technology; IT; technology management; innovation management; financial inclusion; bank marketing; P2P lending; crowdfunding; RegTech.

DOI: 10.1504/IJTM.2021.115761

International Journal of Technology Management, 2021 Vol.86 No.1, pp.67 - 88

Received: 14 Dec 2019
Accepted: 20 Dec 2020
Published online: 21 Jun 2021 *