TY - JOUR AU - Gancarczyk, Marta AU - Łasak, Piotr AU - Gancarczyk, Jacek PY - 2022/09/30 Y2 - 2024/03/29 TI - The fintech transformation of banking: Governance dynamics and socio-economic outcomes in spatial contexts JF - Entrepreneurial Business and Economics Review JA - EBER VL - 10 IS - 3 SE - Articles DO - 10.15678/EBER.2022.100309 UR - https://eber.uek.krakow.pl/eber/article/view/1631 SP - 143-165 AB - <table width="100%"><tbody><tr><td colspan="2" width="566"><table width="100%"><tbody><tr><td width="605"><p><strong>Objective:</strong> The objective of the article is to identify and systemize the governance dynamics and related socio-economic consequences of the fintech transformation in banking, while acknowledging spatial contexts.</p></td></tr><tr><td width="605"><p><strong>Research&nbsp;Design&nbsp;&amp;&nbsp;Methods:</strong> The research framework comprised Global Production Networks (GPN), Global Value Chain (GVC), and co-evolutionary approaches to guide a systematic literature review in the Scopus, Web of Science, and Taylor &amp; Francis databases for 2016-2021. The final sample comprised 76 sources that became the basis for selective coding and the synthesis of the results.</p></td></tr><tr><td width="605"><p><strong>Findings:</strong> Fintech impacted banking governance by creating a dual and interrelated system of global financial networks and a ‘mosaic’ of territorial financial ecologies and ecosystems, where incumbent banks held an important but not exclusive position. The fintech-enhanced governance transformations had both positive socio-economic effects (improved efficiency, expanded range of services, and inclusion of unbanked or under-served customers) and negative effects (over-indebtedness, surveillance, and exclusion of some customers). Wider socio-economic consequences refered to sustainable development and changes in economic and social behaviour.</p></td></tr><tr><td width="605"><p><strong>Implications&nbsp;&amp;&nbsp;Recommendations:</strong> A research framework and agenda for future studies related to the dynamics of fintech-driven governance in banking have been elaborated. The article derives the immediate and wider economic and social consequences of fintech-driven transformations. The results can also be applied in public policies oriented towards sustainable socio-economic development.</p></td></tr><tr><td width="605"><p><strong>Contribution&nbsp;&amp;&nbsp;Value&nbsp;Added:</strong> The study provides theoretical and policy-relevant contributions. Firstly, it broadens the research on the transformation of banking governance in the spatial context. Secondly, it contributes theoretically by proposing a research framework of GVC and GPN governance augmented by a co-evolutionary perspective. Thirdly, the article informs policy that seeks financial inclusion for cohesive and sustainable development.</p></td></tr></tbody></table></td></tr><tr><td colspan="2" width="566">&nbsp;</td></tr><tr><td colspan="2" width="566">&nbsp;</td></tr><tr><td colspan="2" width="566">&nbsp;</td></tr><tr><td colspan="2" width="566">&nbsp;</td></tr><tr><td width="116">&nbsp;</td><td width="451">&nbsp;</td></tr><tr><td width="116">&nbsp;</td><td width="451">&nbsp;</td></tr><tr><td width="116">&nbsp;</td><td width="451">&nbsp;</td></tr></tbody></table> ER -