BIS: Literature review on financial technology and competition for banking services
07 Jun 2024 (UPDATED: 13 Mar 2026)
International
1 min read
This working paper provides a review of economic literature on financial technology and competition for banking services. The review highlights that fintech has spurred innovation and competition across banking services, expanded access to financial services and put pressure on the market share and pricing power of incumbent banks and that fintech-based firms that started out as lenders or payments providers have evolved to offer a broader range of services.
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