Fintech Inclusion: Key Innovations for Financing and Payments in Financial Services (ASCE MAGAZINE)

Summary

• The systematic review initially retrieved 121 scientific articles from academic databases including Google Scholar, Scielo, Springer, Elsevier, and MDPI.p.8
• A deduplication process eliminated 46 duplicate scientific articles, establishing a baseline of 75 studies.p.8
• Applying inclusion and exclusion criteria reduced the dataset from 75 to 43 classified scientific articles.p.8
• A further screening discarded 22 articles due to a lack of affinity with the research objectives, leaving 21 works.p.8
• A final full-text evaluation selected 12 scientific articles as optimal for constructing the literature review.p.8
• Approximately 12 thousand specialized fintech companies present a potential threat to traditional financial intermediation.p.4

Key insights

1. Fintech innovations bypass traditional financial intermediaries to deliver automated, transparent, and efficient financial services.p.3
2. Approximately 12 thousand specialized fintech companies are disrupting traditional banking models in payment and lending activities.p.4
3. Fintech financing is primarily divided into crowdfunding and P2P lending platforms that directly connect fund seekers with capital providers.p.14
4. Peer-to-peer (P2P) consumer loans represent the most widespread form of alternative financing in Europe.p.14
5. The platformization of digital payments transforms money into digital data captured and processed within integrated platform ecosystems.p.15
6. Digital payment innovations increasingly adopt biometric authentication and automated robotic processes for regulatory compliance.p.17