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EU FinTech Index: An Evaluation of Countries' Opportunities for FinTech Growth

EU FinTech Index: An Evaluation of Countries' Opportunities for FinTech Growth

Iustina Alina Boitan, Teodora Cristina Barbu
Copyright: © 2021 |Pages: 20
ISBN13: 9781799843900|ISBN10: 1799843904|ISBN13 Softcover: 9781799856900|EISBN13: 9781799843917
DOI: 10.4018/978-1-7998-4390-0.ch001
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MLA

Boitan, Iustina Alina, and Teodora Cristina Barbu. "EU FinTech Index: An Evaluation of Countries' Opportunities for FinTech Growth." Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech, edited by Iustina Alina Boitan and Kamilla Marchewka-Bartkowiak, IGI Global, 2021, pp. 1-20. https://doi.org/10.4018/978-1-7998-4390-0.ch001

APA

Boitan, I. A. & Barbu, T. C. (2021). EU FinTech Index: An Evaluation of Countries' Opportunities for FinTech Growth. In I. Boitan & K. Marchewka-Bartkowiak (Eds.), Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech (pp. 1-20). IGI Global. https://doi.org/10.4018/978-1-7998-4390-0.ch001

Chicago

Boitan, Iustina Alina, and Teodora Cristina Barbu. "EU FinTech Index: An Evaluation of Countries' Opportunities for FinTech Growth." In Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech, edited by Iustina Alina Boitan and Kamilla Marchewka-Bartkowiak, 1-20. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-4390-0.ch001

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Abstract

The chapter focuses on the innovative financial technology called FinTech and explores its prospects for becoming a catalyst for financial inclusion. The novelty of the research approach resides in being the first study computing an EU FinTech index for the EU member countries. The index gathers four dimensions and provides insights on whether the FinTech environment in one country is better or worse compared to other countries in the sample. Countries' ranking based on index scores computed for two different years show that Sweden, Finland, Luxembourg, and Germany are always placed on the top of the hierarchy. Therefore, they exhibit real development opportunities in this regard. At the opposite are some countries in South-Eastern Europe that persistently record the lowest FinTech index scores; thus, there is still room for improvements in terms of market players' presence, existing regulation, access to digital financial inclusion.

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