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Title: Decentralisation of FinTech Business Models
Authors: Leal, Fátima
Teixeira, Maria Emília
Moreira, Fernando
Keywords: Blockchain
Business models
Smart contracts
Issue Date: 21-Apr-2022
Publisher: Springer
Citation: Leal, F., Teixeira, M. E., & Moreira, F. (2022). Decentralisation of FinTech Business Models. In A. Ullah, S. Anwar, Á. Rocha, & S. Gill (Eds.), Proceedings of International Conference on Information Technology and Applications. Lecture Notes in Networks and Systems (vol. 350, pp. 343-353). Springer. Repositório Institucional UPT.
Series/Report no.: Lecture Notes in Networks and Systems;350
Abstract: Digital transformation could change our daily routines, from currency to the purchases. Specifically, financial sector aims to efficiently supply distinct services using an infrastructure by relying on a centralised authority to manage and coordinate transactions at specific prices. In turn, final customers constantly seek to lower costs, quality, and reliability. Moreover, costumers desire less documentation and bureaucracy which hinder the access to financial services and credits. Financial system needs to create a digital strategy at the organisational level to address technology challenges and satisfy user’s needs. In this scenario, financial and technology domains have been integrated originating FinTech business models with significant impact. Therefore, this paper contributes not only with a technology background which allow to explore new FinTech-based business models but also describing existing business models employed in the market. Moreover, we present a comparison among traditional and FinTech-based models allowing to analyse the financial progress. The paper identifies, still, future research opportunities including regulation of decentralised financial business models.
ISBN: 978-981-16-7617-8 (Print)
978-981-16-7618-5 (Online)
Appears in Collections:IJP - Publicações em Livros de Atas Internacionais / Papers in International Proceedings

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