Faris

Taxonomy of fintech ecosystem – a research study - Vol.14(1), Oct - Chennai ICT Academy 2023 - 3130-3141p.

Fintech ecosystem is developing at a fast pace with inclusion of all
kinds of services within its ambit. In order to understand the fintech
ecosystem, one has to understand the taxonomy of fintech ecosystem.
This paper discusses the two most comprehensive taxonomies on
fintech ecosystem developed by Imerman and Fabozzi (2020) and
Ratecka (2020), for its advantages and disadvantages. Based on that
discussion, the researcher develops his own taxonomy of fintech
ecosystem and explains the rationale and also the theoretical
foundations for that taxonomy. This paper is divided into four sections:
(a) overview of fintech innovations; (b) Taxonomy developed by
Imerman and Fabozzi; (c) taxonomy developed by Ratecka (d)
synthesis of these two taxonomies and based on that the taxonomy
developed by the researcher. The last section concludes the paper.


Computer Engineering