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The Impact of Fintech on Financial Institutions: The Case of Georgia

The Impact of Fintech on Financial Institutions: The Case of Georgia AbstractUsing Georgia as an example, this article analyses the fintech ecosystem and the impact of fintech companies on traditional financial institutions. Both qualitative and qualitative research has been carried out for this research. Based on the analysis of Georgian and international financial markets, as well as the qualitative and regressive analysis used in the study, assumptions were made about the impact of fintech companies on traditional financial institutions. Moreover, the study identifies the challenges that hinder the development of the fintech ecosystem in Georgia regarding infrastructure, finance, regulation, and education. This article also reveals several aspects that positively affect the outcome of fintech and the diversification of the Georgian financial market. At the end of the article, the relevant conclusions and applicable recommendations are given. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Baltic Journal of European Studies de Gruyter

The Impact of Fintech on Financial Institutions: The Case of Georgia

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References (42)

Publisher
de Gruyter
Copyright
© 2022 Mariam Lashkhi et al., published by Sciendo
ISSN
2228-0596
eISSN
2674-4619
DOI
10.2478/bjes-2022-0010
Publisher site
See Article on Publisher Site

Abstract

AbstractUsing Georgia as an example, this article analyses the fintech ecosystem and the impact of fintech companies on traditional financial institutions. Both qualitative and qualitative research has been carried out for this research. Based on the analysis of Georgian and international financial markets, as well as the qualitative and regressive analysis used in the study, assumptions were made about the impact of fintech companies on traditional financial institutions. Moreover, the study identifies the challenges that hinder the development of the fintech ecosystem in Georgia regarding infrastructure, finance, regulation, and education. This article also reveals several aspects that positively affect the outcome of fintech and the diversification of the Georgian financial market. At the end of the article, the relevant conclusions and applicable recommendations are given.

Journal

Baltic Journal of European Studiesde Gruyter

Published: Dec 1, 2022

Keywords: banking; finances; fintech; Georgia; technologies

There are no references for this article.