Dynamics of Competition versus Collaboration between Fintechs and Traditional Providers of Financial Services in Brazil
Year: 2024
Type: article
Abstract: The research sought to understand the phenomenon of competition versus collaboration between Fintechs and traditional financial service providers. It was a qualitative study with an exploratory and descriptive approach, using data triangulation and their organization in Display, which allowed checking patterns and causality relationships among the variables. As results, we observed that traditional financial providers adopt collaboration with Fintechs for competition in the financial market as their main strategy. As market dynamics, they launch their own subsidiaries; create risk funds to finance Fintech services; purchase and sell products and services for Fintechs; and create partnerships with these companies. We found that collaboration has been the best way for providers of traditional financial services to compete with companies in the financial market.
Source: Journal of Innovation Management
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405794479