Abstract
Due to technological advances, financial services have been transformed, exhibiting increased competition and market entries by non-banks. In particular, in China FinTech has seen rapid growth with Tech Giants such as Alibaba (Ant Group) rewriting the rules of banking and finance in the twenty-first century. More convenient forms of banking (e.g. mobile banking) promise better access to finance and financial inclusion for poorer households. The merging of finance and technology (e.g. machine learning, artificial intelligence) creates opportunities – but also risks. The special issue on ‘Financial Inclusion and Fintech' provides empirical evidence and theoretical underpinnings to explore the role of FinTech in the context of financial inclusion.
Original language | English |
---|---|
Pages (from-to) | 1-2 |
Number of pages | 2 |
Journal | European Journal of Finance |
Volume | 28 |
Issue number | 1 |
Early online date | 6 Oct 2021 |
DOIs | |
Publication status | Published - 1 Jan 2022 |
Bibliographical note
We are very grateful for the financial support provided by the ESRC and NSFC (Newton Fund). This paper is part of the researchproject entitled ‘Research on China’s Financial System towards Sustainable Growth: The Role of Innovation, Diversity and Financial
Regulation’ (ESRC: ES/P005241/1 and the National Natural Science Foundation of China: 71661137002. In addition, this research
was supported by the National Social Science Foundation of China (Project Number: 17ZDA071).