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The fintech transformation of banking : governance dynamics and socio-economic outcomes in spatial contexts
banking sector
fintech
governance
global production networks
global value chains
Objective: The objective of the article is to identify and systemize the governance dynamics and related socioeconomic consequences of the fintech transformation in banking, while acknowledging spatial contexts. Research Design & Methods: The research framework comprised Global Production Networks (GPN), Global Value Chain (GVC), and co-evolutionary approaches to guide a systematic literature review in the Scopus, Web of Science, and Taylor & Francis databases for 2016-2021. The final sample comprised 76 sources that became the basis for selective coding and the synthesis of the results. Findings: Fintech impacted banking governance by creating a dual and interrelated system of global financial networks and a ‘mosaic’ of territorial financial ecologies and ecosystems, where incumbent banks held an important but not exclusive position. The fintech-enhanced governance transformations had both positive socioeconomic effects (improved efficiency, expanded range of services, and inclusion of unbanked or under-served customers) and negative effects (over-indebtedness, surveillance, and exclusion of some customers). Wider socio-economic consequences refered to sustainable development and changes in economic and social behaviour. Implications & Recommendations: A research framework and agenda for future studies related to the dynamics of fintech-driven governance in banking have been elaborated. The article derives the immediate and wider economic and social consequences of fintech-driven transformations. The results can also be applied in public policies oriented towards sustainable socio-economic development. Contribution & Value Added: The study provides theoretical and policy-relevant contributions. Firstly, it broadens the research on the transformation of banking governance in the spatial context. Secondly, it contributes theoretically by proposing a research framework of GVC and GPN governance augmented by a co-evolutionary perspective. Thirdly, the article informs policy that seeks financial inclusion for cohesive and sustainable development.
cris.lastimport.scopus | 2024-04-07T13:14:35Z | |
cris.lastimport.wos | 2024-04-10T01:44:57Z | |
dc.abstract.en | Objective: The objective of the article is to identify and systemize the governance dynamics and related socioeconomic consequences of the fintech transformation in banking, while acknowledging spatial contexts. Research Design & Methods: The research framework comprised Global Production Networks (GPN), Global Value Chain (GVC), and co-evolutionary approaches to guide a systematic literature review in the Scopus, Web of Science, and Taylor & Francis databases for 2016-2021. The final sample comprised 76 sources that became the basis for selective coding and the synthesis of the results. Findings: Fintech impacted banking governance by creating a dual and interrelated system of global financial networks and a ‘mosaic’ of territorial financial ecologies and ecosystems, where incumbent banks held an important but not exclusive position. The fintech-enhanced governance transformations had both positive socioeconomic effects (improved efficiency, expanded range of services, and inclusion of unbanked or under-served customers) and negative effects (over-indebtedness, surveillance, and exclusion of some customers). Wider socio-economic consequences refered to sustainable development and changes in economic and social behaviour. Implications & Recommendations: A research framework and agenda for future studies related to the dynamics of fintech-driven governance in banking have been elaborated. The article derives the immediate and wider economic and social consequences of fintech-driven transformations. The results can also be applied in public policies oriented towards sustainable socio-economic development. Contribution & Value Added: The study provides theoretical and policy-relevant contributions. Firstly, it broadens the research on the transformation of banking governance in the spatial context. Secondly, it contributes theoretically by proposing a research framework of GVC and GPN governance augmented by a co-evolutionary perspective. Thirdly, the article informs policy that seeks financial inclusion for cohesive and sustainable development. | pl |
dc.affiliation | Wydział Zarządzania i Komunikacji Społecznej : Instytut Przedsiębiorczości | pl |
dc.affiliation | Wydział Zarządzania i Komunikacji Społecznej : Instytut Ekonomii, Finansów i Zarządzania | pl |
dc.contributor.author | Gancarczyk, Marta - 242413 | pl |
dc.contributor.author | Łasak, Piotr - 174451 | pl |
dc.contributor.author | Gancarczyk, Jacek - 185651 | pl |
dc.date.accession | 2022-10-17 | pl |
dc.date.accessioned | 2022-10-17T13:01:27Z | |
dc.date.available | 2022-10-17T13:01:27Z | |
dc.date.issued | 2022 | pl |
dc.date.openaccess | 0 | |
dc.description.accesstime | w momencie opublikowania | |
dc.description.number | 3 | pl |
dc.description.physical | 143-165 | pl |
dc.description.publication | 1,5 | pl |
dc.description.version | ostateczna wersja wydawcy | |
dc.description.volume | 10 | pl |
dc.identifier.doi | 10.15678/EBER.2022.100309 | pl |
dc.identifier.eissn | 2353-8821 | pl |
dc.identifier.issn | 2353-883X | pl |
dc.identifier.uri | https://ruj.uj.edu.pl/xmlui/handle/item/301717 | |
dc.identifier.weblink | https://eber.uek.krakow.pl/index.php/eber/article/view/1631 | pl |
dc.language | eng | pl |
dc.language.container | eng | pl |
dc.rights | Udzielam licencji. Uznanie autorstwa - Bez utworów zależnych 4.0 Międzynarodowa | * |
dc.rights.licence | CC-BY-ND | |
dc.rights.uri | http://creativecommons.org/licenses/by-nd/4.0/legalcode.pl | * |
dc.share.type | otwarte czasopismo | |
dc.subject.en | banking sector | pl |
dc.subject.en | fintech | pl |
dc.subject.en | governance | pl |
dc.subject.en | global production networks | pl |
dc.subject.en | global value chains | pl |
dc.subtype | Article | pl |
dc.title | The fintech transformation of banking : governance dynamics and socio-economic outcomes in spatial contexts | pl |
dc.title.journal | Entrepreneurial Business and Economics Review (EBER) | pl |
dc.type | JournalArticle | pl |
dspace.entity.type | Publication |