Is financial technology a rival or complementary to the traditional banks : theoretical framework and future prospects

Joint Authors

al-Ajluni, Ahmad Taha
al-Ajam, Asuil Ibrahim

Source

مجلة المثقال للعلوم الاقتصادية و الإدارية و تكنولوجيا المعلومات : مجلة علمية عالمية محكمة

Publisher

The World Islamic Sciences and Education University Deanship of Scientific Research

Publication Date

2019-03-31

Country of Publication

Jordan

No. of Pages

23

Main Subjects

Financial and Accounting Sciences
Information Technology and Computer Science

English Abstract

Financial technology (henceforth: FinTech) attracted overwhelming global interest from different interested parties.

This paper provided theoretical work through content analysis approach, it is devoted to participate in the literature through achieving three goals; the first one is to shed light on the basics of this distinctive phenomenon.

The second goal of this paper is to provide theoretical analysis of the future prospects in facing the FinTech challenge from the traditional banks.

The third goal of this paper is to answer the study question I.e.

Is Financial Technology a Rival or Complementary to the traditional Banks? We suggested Containment Strategy as best choice for traditional banks to face the FinTech challenge, we see that traditional banks will contain it at the end, a supportive strategy called In House Development Strategy considered as an essential requisite to Containment Strategy.

Data Type

Conference Papers

Record ID

BIM-1080329

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