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2021-05-19 - Colloque/Présentation - communication orale - Anglais - page(s)

Koubi Christophe, Croquet Mélanie , Pozniak Laetitia , "Is there a more fertile ground to allow FinTech to grow? Focus on Benelux" in 3rd Canadian Conference on FinTech and InsurTech, Québec, Canada, 2021

  • Codes CREF : Marchés financiers (DI4391)
  • Unités de recherche UMONS : Finance (W751)
  • Instituts UMONS : Institut de Recherche interdisciplinaire sur les enjeux sociétaux et territoriaux (Soci&Ter)

Abstract(s) :

(Anglais) Being now considered as potentially the most important game changer for the banking and financial sector, FinTech had been quite unexplored by academic literature until recently.  The subject being characterized by definitions as numerous as the services it can cover, the first step of the research will go through some industry and academic definition.    This study will be linked to the geographical aspect of FinTech. Indeed, many disparities have been observed across countries in terms of FinTech service offering, market covering or investments.  In this research, we will investigate the different factors that may impact the development of the FinTech sector in the Benelux (Belgium, The Netherlands and Luxembourg) countries.  Despite of being in the same geographical area and being subject to a mainly common (European) regulation, all 3 countries are very different in terms of FinTech market development with The Netherlands often being shown as one of the leading countries. Because of the importance of its financial sector and mainly funds, the Great-Duchy of Luxembourg is also pointed out by many studies and reports as having a well-developed FinTech sector. Finally, however Belgium is often considered as a declining second-tier financial sector, it also presents some assets to develop its FinTech activity in the coming years. This research will consist in a quantitative study identifying the factors impacting FinTech presence and activity in a specific country. For this purpose, we will first operate a selection of variables by testing economical (GDP per capita, GDP growth, Reserves, Labour force) , financial (listed companies, venture capital, investment funds assets and liabilities, stocks traded, market capitalization, proportion of financial workers), technical advancement (Number of mobile phones, internet usage, secure servers, fixed broadband, mobile broadband, brandwidth, ICT employement) and banking sector (competition within the sector, ATMs, borrowers, depositors, nonperforming loans, credit, capital to assets) factors in order to identify the most relevant criteria favoring the development of the FinTech sector in a particular country. To allow a comparison between those 3 different sized countries, all variables will be proportionalised. We will also test the impact of factors like the existence of a FinTech sandbox or other incentives on market development. Once the most relevant variables will be identified, econometric analysis will be runned. The data used will be retrieved from various databases and sources like CrunchBase, World Bank Open Data, ABBL FinTech Map, FinTech Holland, FinTech Belgium, OECD and ITU. Finally, our future conclusions will insist on the most salient observations to identify further research opportunities and relevant indicators driving FinTech sector development that could guide future policies favoring the strengthening of the sector.

Mots-clés :
  • (Anglais) FinTech
  • (Anglais) development