Comparative study of banking sector response to fintech competition and disruption
Posted: Jan 23, 2021
Abstract
This comprehensive study examines the differential responses of traditional banking institutions to the disruptive forces of financial technology across multiple global markets. Through a novel methodological framework combining institutional ethnography, network analysis, and temporal sequencing of strategic adaptations, we identify four distinct archetypes of banking response: defensive fortification, symbiotic integration, competitive emulation, and ecosystem transformation. Our research spans 47 banking institutions across North America, Europe, and Asia-Pacific over a five-year period, analyzing over 2,300 strategic initiatives and their subsequent market impacts. The findings reveal that institutions adopting ecosystem transformation strategies achieved 37
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