Edited by F. Xavier Olleros and Majlinda Zhegu
The financial services industry is experiencing a period of rapid change, with digitization offering consumers new ways of managing their money and payments, and intense attention from entrepreneurs seeking to accelerate that process of change by disrupting the traditional business models of banks and other established financial institutions. In emerging markets, this has resulted in new entrants seizing leading market shares in several industry sectors, but in developed economies the dominance of incumbent banks has not been weakened. This chapter establishes the theoretical basis of disruption and examines whether the necessary conditions are in place for developed economy banks to suffer disruption. We conclude that banks are likely to suffer the loss of some of their traditional functions and that this unbundling will create a more fragmented and competitive market.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.