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FinTech: The dis/re-intermediation of finance?

Lai, Karen P.Y. (2020) 'FinTech: The dis/re-intermediation of finance?', in The Routledge Handbook of Financial Geography. , pp. 440-458. Routledge Companions in Business, Management and Marketing.


FinTech encompasses a new wave of companies developing new products and platforms to change the way businesses and consumers make payments, lend, borrow and invest. This chapter examines the ways in which FinTech products and services are reshaping the intermediation function of banks and how financial institutions have engaged with FinTech firms in different ways, resulting in variegated forms of organizational change, inter-firm relationships and changing production and financial networks. Setting up banks and technology firms as direct competitors in the FinTech ecosystem, as ‘incumbents’ versus ‘disruptors’, overly simplifies their position and power in different product segments, geographical markets and industry networks. Instead, a financial ecologies approach offers greater flexibility for studying shifting configurations of economic actors across banking and FinTech sectors, with important implications for how we understand the nature of financial/non-financial firms, changing roles of international financial centers and the nature of inter-firm and inter-industry networks in global finance.

Item Type:Book chapter
Full text:(AM) Accepted Manuscript
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Publisher statement:This is an Accepted Manuscript of a book chapter published by Routledge in The Routledge Handbook of Financial Geography on 15 December 2020, available online:
Date accepted:No date available
Date deposited:10 September 2021
Date of first online publication:15 December 2020
Date first made open access:15 December 2021

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