An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey

Abstract This paper provides an analysis of the impact of financial technologies (FinTech) on the banking sectors in the UK and Turkey. It attempts to understand how financial technologies disrupt and improve the banking sectors by making it more sustainable and efficient from the viewpoint of a to...

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Main Author: Belli, Melike
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2014
Online Access:https://eprints.nottingham.ac.uk/27541/
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author Belli, Melike
author_facet Belli, Melike
author_sort Belli, Melike
building Nottingham Research Data Repository
collection Online Access
description Abstract This paper provides an analysis of the impact of financial technologies (FinTech) on the banking sectors in the UK and Turkey. It attempts to understand how financial technologies disrupt and improve the banking sectors by making it more sustainable and efficient from the viewpoint of a total of 17 Financial Services organisations in the UK and Turkey. This study believes that as London has successfully embraced and developed a FinTech ecosystem; other financial cities around the world, like İstanbul in Turkey, should learn from London and take it as a model to be replicated for fostering their own FinTech ecosystems which will significantly contribute to the development of their banking sectors. Findings from the semi-structured interviews with a total of 17 financial organisations in the UK and Turkey have significantly contributed to the creation of a development model for the FinTech sector and provided valuable insights on how to accelerate the FinTech sector in London and how to develop the FinTech sector in İstanbul. Key words: Financial Technology • FinTech • United Kingdom • Turkey • Banking • Innovation • Ecosystem • Banking Technologies • London • İstanbul
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spelling nottingham-275412022-04-05T04:30:06Z https://eprints.nottingham.ac.uk/27541/ An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey Belli, Melike Abstract This paper provides an analysis of the impact of financial technologies (FinTech) on the banking sectors in the UK and Turkey. It attempts to understand how financial technologies disrupt and improve the banking sectors by making it more sustainable and efficient from the viewpoint of a total of 17 Financial Services organisations in the UK and Turkey. This study believes that as London has successfully embraced and developed a FinTech ecosystem; other financial cities around the world, like İstanbul in Turkey, should learn from London and take it as a model to be replicated for fostering their own FinTech ecosystems which will significantly contribute to the development of their banking sectors. Findings from the semi-structured interviews with a total of 17 financial organisations in the UK and Turkey have significantly contributed to the creation of a development model for the FinTech sector and provided valuable insights on how to accelerate the FinTech sector in London and how to develop the FinTech sector in İstanbul. Key words: Financial Technology • FinTech • United Kingdom • Turkey • Banking • Innovation • Ecosystem • Banking Technologies • London • İstanbul 2014-09-25 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/27541/1/BELLI_Melike_-_MSc_Dissertation.pdf Belli, Melike (2014) An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey. [Dissertation (University of Nottingham only)] (Unpublished)
spellingShingle Belli, Melike
An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title_full An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title_fullStr An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title_full_unstemmed An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title_short An Analysis of the Impact of Financial Technologies on the Banking Sector: Evidence from the UK and Turkey
title_sort analysis of the impact of financial technologies on the banking sector: evidence from the uk and turkey
url https://eprints.nottingham.ac.uk/27541/