Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201368
Authors: 
Mattila, Juri
Seppälä, Timo
Lähteenmäki, Ilkka
Year of Publication: 
2018
Series/Report no.: 
ETLA Report 86
Abstract: 
Banking and financial services have traditionally been a heavily regulated industry where technology alone has not been a sufficient factor to transform the operating architectures of the industry. The pervasive view in the financial industry has been that digitalization and its integrational development will take place on the platforms of the banks. Due to the inherent secondary nature of financial services, however, it is more likely that the customer interface of financial services will increasingly migrate towards primary service platforms. As a result, the commoditization of payment processing services is expected to increase. Additionally, the visibility into customer data will become more opaque and the value capturing capabilities of the financial industry will be radically redefined. Furthermore, a strategic impact can also be anticipated on several public institutions, such as financial supervisory authorities, the tax administration and other public registry holders.
Subjects: 
Platform: embedded banking
Distributed banking
Open banking
Platform
Distributed ledgers
Blockchain
FinTech
JEL: 
G2
L2
L22
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.