Resumen de The Real Effects of Fintech on the Global Financial System

Omar Al kasasbeh, Ohoud Khasawneh, Amro Alzghoul

• Purpose: Financial technology (FinTech) entails radical changes for every facet of financial services, and has increasing significance for the global economy. The purpose of this paper is to present a birds’ eye view of salient effects of Fintech on the global financial system.

    Design/methodology/approach: A literature review approach is adopted, with analysis revealing that the absence of institutional support for new financial technologies is the most significant reason for the destabilization of the financial industry, and the formation of financial bubbles in various market segments. The current implications and future directions are explored based on theoretical and empirical analyses.

    Findings: This study contributes to the advancement of knowledge by summarising current practices, providing new insights, and monitoring emerging trends in financial technologies, as well as shedding light on a variety of topics of interest to policymakers and academics by proposing future research topics.

    Practical implications: This study emphasises the current status of research in the field of financial technology, which can assist policymakers and institutions in selecting their future actions.

    Originality/value: Very few studies have conducted an exhaustive literature assessment on Fintech and its impacts on the global financial system.