#Define omber drivers
The Basel Committee on Banking Supervision encourages financial institutions to systematically identify reputational risk drivers however, such drivers still represent an unsolved problem. The drivers of reputational risk are still far from explicit, making proactive risk management and quantitative research rather difficult. These results can guide new theory development about the impact of P2P lending on inequality as well as help platforms to promote financial inclusion. We conclude that digital platforms increase financial inclusion, helping to foster investment and achieve a more egalitarian allocation of resources. Moreover, we find that large platforms help increase diversity and lead to a more evenly distributed power among peers. We also find that increased platform scale, high-risk thresholds, and low-interest rates lead to more evenly distributed investments.
#Define omber driver
However, the willingness to accept risks is the main driver behind the value of those loans. We find that platform scale and SME reach are essential in determining the number of loans on the platform. Given the multidimensional nature of financial inclusion, we address what factors influence the number of loans, the level of investment/debt, and how those relate to the distribution of investment/debt across agents. What characteristics of fintech lending platforms improve access to funding and increase financial inclusion? We build a computational model of platform lending that is used to study the endogenous loan network formation process on the platform. We conclude by suggesting potential directions for future research in the field. These themes are further explored through a thematic literature review to gain further insights. Based on the bibliometric analysis, we identified four dominant themes. Using a bibliometric analysis followed by a thematic literature review, the study examines a sample of 583 journal articles from the Scopus database from 1984 to 2021. This study identifies the main areas and current dynamics of Fintech, digitalization, and financial services and suggests future research directions. Covid19-induced lockdowns accelerated the digitalization of financial services. The increased mobile and internet penetration and availability of cheap data combined with the advent of Fintech, digitalization, blockchain technology, machine learning, and artificial intelligence have fast-tracked the digital transformation of economies worldwide.
Technology has reshaped how financial services are designed, delivered, and consumed over the past decade. We discuss: operations management in financial services and the changes occurring technology innovations that have begun to leverage the execution and stakeholder value associated with payments, cryptocurrencies, blockchain, and cross-border payments multiple innovations that have affected lending and deposit services, peer-to-peer (P2P) lending, and social media use issues with respect to investments, financial markets, trading, risk management, robo-advisory and services influenced by blockchain and fintech innovations. We present a new fintech innovation mapping approach that enables the assessment of the extent to which there are changes and transformations in four areas of financial services.
#Define omber how to
The long-standing dominance of leading firms that are not able to figure out how to effectively hook up with the “Fintech Revolution” is at stake. Industry and academic observers believe this to be more of a revolution than a set of less influential changes, with financial services as a whole due for major improvements in efficiency, customer centricity, and informedness.
The industry overall, and many fintech start-ups are looking for new pathways to successful business models, the creation of enhanced customer experience, and approaches that result in services transformation. The financial services industry has been experiencing the recent emergence of new technology innovations and process disruptions.
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