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dc.contributor.authorMoro Visconti, Roberto
dc.contributor.authorCruz Rambaud, Salvador
dc.contributor.authorLópez Pascual, Joaquín
dc.date.accessioned2020-12-18T08:50:40Z
dc.date.available2020-12-18T08:50:40Z
dc.date.issued2020-12-10
dc.identifier.issn2071-1050
dc.identifier.urihttp://hdl.handle.net/10835/9171
dc.description.abstractFramework: Financial Technology (FinTech) is an industry composed of diversified firms that combine financial services with innovative technologies. The research question and main goal are attempting to answer whether they are more similar to traditional banks or trendy technological firms deploying their innovativeness to favor financial inclusion and sustainability. Justification: Evaluators may wonder if FinTechs follow the typical evaluation patterns of bank/financial intermediaries or those of technological firms. Preliminary empirical evidence shows that the latter interpretation is the one consistent with the stock-market mood. Objective: This study goes beyond the extant literature, analyzing the differences between FinTechs and traditional banks in market valuation, and showing the potential for digital interaction and cross-pollination of complementary business models. Methodology: The differences will be empirically analyzed with the stock market valuation and the multipliers associated with these firms. Results: The main contribution of this paper is that the appraisal approaches of FinTechs follow those of technological startups, having a revenue model much more scalable than that of a typical bank. FinTechs may so provide a solution for sustainable finance with microfinance and crowdfunding among others. FinTechs and traditional banks may eventually converge towards a common market exploiting co-opetition strategies.es_ES
dc.language.isoenes_ES
dc.publisherMDPIes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectfinancial innovationes_ES
dc.subjectvalue chainses_ES
dc.subjectscalabilityes_ES
dc.subjectdigital platformses_ES
dc.subjectfinancial ecosystemes_ES
dc.subjectdiscounted cash flowses_ES
dc.subjectmarket valuees_ES
dc.subjectSustainable Development Goalses_ES
dc.titleSustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuationes_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://www.mdpi.com/2071-1050/12/24/10316es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional