FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE
The paper examines the features of interaction between FinTech companies and banks abroad and in Russia. The authors conclude that the development and transformation of a FinTech company into neo-banks is associated with an increase in financial services for companies, successful capital raising, co...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2020-12-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/2529 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832541761165066240 |
|---|---|
| author | S. S. Matveevskii A. V. Berdyshev |
| author_facet | S. S. Matveevskii A. V. Berdyshev |
| author_sort | S. S. Matveevskii |
| collection | DOAJ |
| description | The paper examines the features of interaction between FinTech companies and banks abroad and in Russia. The authors conclude that the development and transformation of a FinTech company into neo-banks is associated with an increase in financial services for companies, successful capital raising, cooperation with banks and the use of specialized platforms. It is emphasized that abroad there is active competition and cooperation between BigTech and FinTech companies, neo-banks and traditional banks; in Russia, in the context of the active digital transformation of Sberbank and other large banks, FinTech companies are active only in the P2P and P2G payment segments. The authors emphasize the importance of banking ecosystems that transform modern Russian banks into universal platforms that provide partners and clients with a variety of services. As a result, further intensification of competition between BigTech and FinTech companies, neo-banks, as well as banks that have undergone digital transformation, in the monetary sphere, both in national and international markets, should be expected. |
| format | Article |
| id | doaj-art-a4d2bb0f6b0646618546ead4fb95479c |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-a4d2bb0f6b0646618546ead4fb95479c2025-02-04T08:28:06ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-12-0101117418010.26425/1816-4277-2020-11-174-1801902FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCES. S. Matveevskii0A. V. Berdyshev1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationThe paper examines the features of interaction between FinTech companies and banks abroad and in Russia. The authors conclude that the development and transformation of a FinTech company into neo-banks is associated with an increase in financial services for companies, successful capital raising, cooperation with banks and the use of specialized platforms. It is emphasized that abroad there is active competition and cooperation between BigTech and FinTech companies, neo-banks and traditional banks; in Russia, in the context of the active digital transformation of Sberbank and other large banks, FinTech companies are active only in the P2P and P2G payment segments. The authors emphasize the importance of banking ecosystems that transform modern Russian banks into universal platforms that provide partners and clients with a variety of services. As a result, further intensification of competition between BigTech and FinTech companies, neo-banks, as well as banks that have undergone digital transformation, in the monetary sphere, both in national and international markets, should be expected.https://vestnik.guu.ru/jour/article/view/2529bankbigtech-companycompetitionecosystemfintechfintech-companyneo-bankopen apis |
| spellingShingle | S. S. Matveevskii A. V. Berdyshev FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE Вестник университета bank bigtech-company competition ecosystem fintech fintech-company neo-bank open apis |
| title | FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE |
| title_full | FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE |
| title_fullStr | FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE |
| title_full_unstemmed | FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE |
| title_short | FINTECH COMPANIES AND THEIR INTERACTION WITH BANKS: INTERNATIONAL AND RUSSIAN EXPERIENCE |
| title_sort | fintech companies and their interaction with banks international and russian experience |
| topic | bank bigtech-company competition ecosystem fintech fintech-company neo-bank open apis |
| url | https://vestnik.guu.ru/jour/article/view/2529 |
| work_keys_str_mv | AT ssmatveevskii fintechcompaniesandtheirinteractionwithbanksinternationalandrussianexperience AT avberdyshev fintechcompaniesandtheirinteractionwithbanksinternationalandrussianexperience |