The Modern Market of Neo Banks and their Role of Fintech Companies’ Financing
DOI:
https://doi.org/10.14571/brajets.v16.n4.1238-1247Resumo
This study analyzes the modern market of neo banks in different countries in order to determine their role in financing fintech companies. It is believed that the modern neo bank market requires a correction of strategic development, namely the growth of financing transactions (including lending to fintech companies from small and medium-sized businesses), which contribute to the turnover of intellectual and digital financial assets as collateral. The purpose of the study is to substantiate the feasibility of financing secured by intellectual and digital financial assets of Russian and Moscow fintech companies. Based on the analysis of the neo bank market in the world market and in the Russian Federation, the authors developed recommendations for improving the financing mechanism, including lending, secured by intellectual and digital financial assets, taking into account possible regional (Moscow) support. Theoretical analysis of scientific methods involving analysis, synthesis, and generalization of existing literature are utilized to meet the aim of the study. The article presents recommendations for improving the existing system of fintech companies’ financing based on the developed tools and mechanisms for attracting financial resources using intellectual and digital financial assets (DFA) to enhance the activities of fintech companies in Russia in general and the city of Moscow in particular.Referências
Anna Gustina Zainal, A., Jimad, H., Rudy, R., Suciska, W., & Djausal, G. P. (2022). Economic analysis and investment in fuel industry considering risk management by analytical hierarchy process. ECONOMIC ANNALS-XXI, 197(5-7), 10-16.
Boustani, N. M. (2020). Traditional banks and fintech: survival, future and threats. ICT for an Inclusive World: Industry 4.0–Towards the Smart Enterprise, 345-359.
Bradford, T. (2020). Neobanks: Banks by any other name. Federal Reserve Bank of Kansas City, Payments System Research Briefing, August, 12, 1-6.
Buchi, G., Cugno, M., Luca, F., Zerbetto, A., & Castagnoli, R. (2019). New Banks in th 4th Industrial Revolution: A Review and Typology. In Proceedings of 22nd Excellence in Services International Conference (pp. 1-21). Università di Verona.
Dráb, R., & Kočišová, K. (2018). Efficiency of the banks: the case of the Visegrad countries. Economic annals-XXI, (174), 34-42.
Dudukalov, E. V., Zolochevskaya, E. Y., Sorokina, M. Y., & Mangusheva, L. S. (2022). Structuring the economic space for small business in the agro-industrial complex. Siberian Journal of Life Sciences and Agriculture, 14(2), 176-215. doi:10.12731/2658-6649-2022-14-2-176-215
Glushchenko, M., Hodasevich, N., & Kaufman, N. (2019). Innovative financial technologies as a factor of competitiveness in the banking. In SHS Web of Conferences (Vol. 69, p. 00043). EDP Sciences.
Imerman, M. B., & Fabozzi, F. J. (2020). Cashing in on innovation: a taxonomy of FinTech. Journal of Asset Management, 21, 167-177.
Jha, P., Makhija, M., & Singh, S. N. (2022). Digital Diversification and the Use of New Age Technologies on FinTech Firms. In Promoting Inclusivity and Diversity Through Internet of Things in Organizational Settings (pp. 187-203). IGI Global.
Khurana, S. S. K. (2022). Fintech Industry Start-Ups: Analyzing Trends, Challenges and Opportunities in the Indian market. Resilience and Transformation for Global Restructuring, 33.
Kokh, L., & Kokh, Y. (2020). Banks and Fintech-companies: Who's Catching up with Whom. In Proceedings of the International Scientific Conference-Digital Transformation on Manufacturing, Infrastructure and Service (pp. 1-6).
Korableva, O. N., Gorelov, N., & Kalimullina, O. (2020a). Contemporary issues of intellectual capital: Bibliographic analysis doi:10.1007/978-3-030-48021-9_51
Korableva, O. N., Mityakova, V. N., & Kalimullina, O. V. (2020b). Designing a decision support system for predicting innovation activity. Paper presented at the ICEIS 2020 - Proceedings of the 22nd International Conference on Enterprise Information Systems, , 1 619-625.
Martinčević, I., Črnjević, S., & Klopotan, I. (2020). Fintech Revolution in the Financial Industry. ENTRENOVA-ENTerprise REsearch InNOVAtion, 6(1), 563-571.
Melnychenko, S., Volosovych, S., & Baraniuk, Y. (2020). Dominant ideas of financial technologies in digital banking. Baltic journal of Economic studies, 6(1), 92-99.
Pogosyan, V. (2021). Updating social theory: Redefinition of modernization. Wisdom, 19(3), 182-193. doi:10.24234/WISDOM.V19I3.486
Saleem, A., Sági, J., & Bárczi, J. (2021). Modes of Islamic financing and aggregate economic output: evidence from Islamic banking industry of Pakistan. Economic Annals-XXI, 190.
Vaganova, O., Bykanova, N., Gordya, D., & Evdokimov, D. (2021). Growth points of fintech industry in the perception of financial market transformation. European Proceedings of Social and Behavioural Sciences, 103.
Tightiz L, Yoo J. (2022a). A Review on a Data-Driven Microgrid Management System Integrating an Active Distribution Network: Challenges, Issues, and New Trends. Energies. 21;15(22):8739.
Tightiz L, Yoo J. (2022b). A robust energy management system for Korean green islands project. Scientific Reports. 2022 Dec 20;12(1):22005.
Tightiz L, Yoo J. (2023) A novel deep reinforcement learning based business model arrangement for Korean net-zero residential micro-grid considering whole stakeholders’ interests. ISA transactions. 1;137:471-91.
Virdi, A. S., & Mer, A. (2023). Fintech and Banking: An Indian Perspective. In Green Finance Instruments, FinTech, and Investment Strategies: Sustainable Portfolio Management in the Post-COVID Era (pp. 261-281). Cham: Springer International Publishing.
Матеуш, Ф. (2020). New entities on the financial market—fintech, bigtech and neobank—regulation proposal. Socio-economic relations in the digital society, (1 (37)), 20-25.
Zainal, A. G., Djimat, H., Rudy, R., Suciska, W., & Djausal, G. P. (2022) Economic analysis and investment in fuel industry considering risk management by analytical hierarchy process. ECONOMIC ANNALS-XXI, 196(5-6), 89-94.
Downloads
Publicado
Edição
Secção
Licença
Direitos de Autor (c) 2024 Natalia Prodanova, Tatiana Bondarenko
Este trabalho encontra-se publicado com a Licença Internacional Creative Commons Atribuição 4.0.
The BRAJETS follows the policy for Open Access Journals, provides immediate and free access to its content, following the principle that making scientific knowledge freely available to the public supports a greater global exchange of knowledge and provides more international democratization of knowledge. Therefore, no fees apply, whether for submission, evaluation, publication, viewing or downloading of articles. In this sense, the authors who publish in this journal agree with the following terms: A) The authors retain the copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Attribution License (CC BY), allowing the sharing of the work with recognition of the authorship of the work and initial publication in this journal. B) Authors are authorized to distribute non-exclusively the version of the work published in this journal (eg, publish in the institutional and non-institutional repository, as well as a book chapter), with acknowledgment of authorship and initial publication in this journal. C) Authors are encouraged to publish and distribute their work online (eg, online repositories or on their personal page), as well as to increase the impact and citation of the published work.