文章基本信息

标题：Sustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuation
本地全文：下载
作者：Roberto Moro-Visconti ; Salvador Cruz Rambaud ; Joaquín López Pascual 等
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2020
卷号：12
期号：24
页码：10316
DOI：10.3390/su122410316
语种：English
出版社：MDPI, Open Access Journal
摘要：iFramework/i: Financial Technology (FinTech) is an industry composed of diversified firms that combine financial services with innovative technologies. The research question and main goal are attempting to answer whether they are more similar to traditional banks or trendy technological firms deploying their innovativeness to favor financial inclusion and sustainability. iJustification/i: Evaluators may wonder if FinTechs follow the typical evaluation patterns of bank/financial intermediaries or those of technological firms. Preliminary empirical evidence shows that the latter interpretation is the one consistent with the stock-market mood. iObjective/i: This study goes beyond the extant literature, analyzing the differences between FinTechs and traditional banks in market valuation, and showing the potential for digital interaction and cross-pollination of complementary business models. iMethodology/i: The differences will be empirically analyzed with the stock market valuation and the multipliers associated with these firms. iResults/i: The main contribution of this paper is that the appraisal approaches of FinTechs follow those of technological startups, having a revenue model much more scalable than that of a typical bank. FinTechs may so provide a solution for sustainable finance with microfinance and crowdfunding among others. FinTechs and traditional banks may eventually converge towards a common market exploiting co-opetition strategies.