Editorial on the Research Topic: Financial Intermediation Versus Disintermediation: Opportunities and Challenges in the FinTech Era
The Financial Technology (FinTech) emerged in the 21st century as a significant and innovative force that profoundly disrupts the traditional financial intermediation channels. FinTech has changed both the way financial products are produced and how they are distributed. Technology extensively used by FinTech has been a driver for improving and automating the business model for banks and other financial institutions. The combination of modern technological advancements and financial products and services challenged the traditional financial industry to provide better financial solutions to their clients. Equally FinTech set further pressure by allowing non-financial businesses to provide tailored digitalized financial solutions. Thus, the traditional workflow of the financial industry is currently being disrupted by FinTech and by its incumbents. This special issue “Financial intermediation vs. disintermediation: Opportunities and challenges in the FinTech era” targets the improvements and challenges that emerged with FinTech. It collects valuable contributions for the interested audience in understanding and analysing the FinTech phenomenon from multiple perspectives.