Ethical Considerations Regarding the Innovative Potential of Fintech


Oliver Alberto
Vasquez Soliz


9th edition (2022/2023)


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The onset of the global financial crisis in 2008 amid increasing dependence on technology has led to a significant transformation of the financial landscape with the rise of Fintech companies. This phenomenon has entailed the restructuring of the financial services industry through innovative business models that offer highly efficient and disruptive solutions (Gomber et al., 2018). It has brought about new forms of disintermediation, resulting in reduced prices and fees for financial services, coupled with improved quality (Zetsche et al., 2017).
The Fintech market has experienced substantial growth, reaching a value of nearly $526bn in 2020, despite the challenges of the pandemic (World Bank, 2020). This growth presents an opportunity to reshape traditional financial services and embrace more inclusive innovation across different settings.  

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