The emergence of technology is dramatically changing the way business operates and deliver products to customers. The digital transformation is affecting all the sectors, including the financial world. In this scenario, FinTech startups are disrupting the financial sector through the introduction of innovative solutions and traditional banks are exposed to various form of risks. The present Master’s Thesis analyzes in depth the FinTech rise, the financial world changing and the relationship between the banks and the FinTechs. The first part of this document is dedicated to the analysis of journals, articles, academic books, reports and business papers produced by industry experts. Secondly, a semi-structured interview is conducted among the IT Innovation structure to collect information for this qualitative research. The results of the research evidently show the relevant growth of FinTech in the modern economics and underline the market segments affected by the introduction of new technologies. The modern economics and the digital transformation allowed FinTech to set up the basis for the financial sector revolution. The documents demonstrate the existing contact point between the theory developed by the sector experts and the solutions adopted by the market leader. Lastly, it is revealed the more conservative approach adopted in the Italian financial market analyzing the case of UBI Banca. The current Master’s Thesis offers an explanation of the FinTech growth and allows practitioners to understand the most efficient approach to adopt partnering or competing with the FinTechs.
L’avvento della tecnologia sta radicalmente cambiando il modo di operare delle aziende e di distribuire prodotti ai clienti. La trasformazione digitale sta infatti influenzando tutti i settori, incluso quello finanziario; in questo nuovo scenario, l’introduzione di soluzioni innovative adottate dalle FinTech stanno stravolgendo tale settore esponendo a varie forme di rischio le banche tradizionali. La presente ricerca analizza nel dettaglio la nascita e la crescita delle FinTech, il cambiamento del sistema finanziario e le nuove forme di collaborazione tra banche e FinTech. La prima parte del documento è dedicata all’analisi di riviste, di articoli, di libri accademici e di report redatti da esperti del settore. Nella seconda parte invece, sono state condotte interviste semi-strutturare ai i membri della struttura IT Innovation, al fine di raccogliere le informazioni necessarie per lo sviluppo dell’analisi. I risultati evidenziano la forte crescita delle FinTech nell’economia moderna ed i segmenti di mercato influenzati dalle nuove tecnologie; viene anche dimostrato come l’economia moderna e la trasformazione digitale abbiano permesso alle FinTech di predisporre le basi per una rivoluzione del sistema finanziario. Infine si mostra l’esistenza di un punto di contatto tra la teoria elaborata da esperti del settore e le soluzioni pratiche adottate dai principali player. Nella parte finale dell’elaborato viene infine rivelato l’approccio più conservativo adottato nel sistema finanziario italiano, analizzando in particolare il caso UBI Banca. La presente tesi offre quindi una spiegazione della crescita delle FinTech e permette di comprendere i metodi più efficaci da adottare per cooperare o per competere con i nuovi player.
The rise of FinTech: the transformation of the financial sector and the case of UBI Banca
ROBAZZA, STEFANO
2017/2018
Abstract
The emergence of technology is dramatically changing the way business operates and deliver products to customers. The digital transformation is affecting all the sectors, including the financial world. In this scenario, FinTech startups are disrupting the financial sector through the introduction of innovative solutions and traditional banks are exposed to various form of risks. The present Master’s Thesis analyzes in depth the FinTech rise, the financial world changing and the relationship between the banks and the FinTechs. The first part of this document is dedicated to the analysis of journals, articles, academic books, reports and business papers produced by industry experts. Secondly, a semi-structured interview is conducted among the IT Innovation structure to collect information for this qualitative research. The results of the research evidently show the relevant growth of FinTech in the modern economics and underline the market segments affected by the introduction of new technologies. The modern economics and the digital transformation allowed FinTech to set up the basis for the financial sector revolution. The documents demonstrate the existing contact point between the theory developed by the sector experts and the solutions adopted by the market leader. Lastly, it is revealed the more conservative approach adopted in the Italian financial market analyzing the case of UBI Banca. The current Master’s Thesis offers an explanation of the FinTech growth and allows practitioners to understand the most efficient approach to adopt partnering or competing with the FinTechs.È consentito all'utente scaricare e condividere i documenti disponibili a testo pieno in UNITESI UNIPV nel rispetto della licenza Creative Commons del tipo CC BY NC ND.
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https://hdl.handle.net/20.500.14239/6908