Banks and FinTech Relationship in a Digital Transformation Context

The main function of digitalization is to make relationships more flexible and less framing, while allowing simpler and faster communication and more important data exchange. The digitalization of the banking sector is reforming it in its most profound axes. Its functioning, its organization, its interactions, its products, all have been modified, including back-office functions. The digital infrastructure has accelerated the emergence of new technologies: social media, cloud computing, analytics and big data, wearable devices, etc. This new technological wave has led to the emergence of new entrants in the financial sector. Financial technology, also known as FinTech, is an industry composed of diversified firms that combine financial services with innovation technologies offered to financial service providers (MoroVisconti, R. et al, 2020). Banks will have to engage in further cost-cutting since they remain shockingly costly, which partly explains the market penetration by FinTechs (Philippon, 2016). They offer unbundled low-cost services which makes them very competitive with banks. Therefore, the relationship between the two may be quite competitive because of the similar operations. In this article we will be discussing the nature of banks and FinTechs’ relationship, starting with a literature review and then a survey discussing these two financial structures.&nbsp

Proposing a New Managerial Model for Digital Transformation

Digital transformation is a gateway to innovation and new models of organization, operations, and business models. The quick response of managers and leaders is becoming the key to successful digital transformation, followed by strategic flexibility according to data testing results. These results highlight the importance of agile leadership in today’s changing organizational environment (Fachrunnisa et al., (2020). Hence why it is imperative to take into consideration all employees’ perceptions of management to avoid resistance to change. Thus, in this research paper, we analyze the current managerial environment to better guide digital transformation through a survey destined for both managers and employees, assessing the current situation of organizational management from a diversity of perspectives. We then propose a new digital transformation managerial model based on significant correlations between the models’ variables using the Chi-squared test. &nbsp

DeFi, Blockchain and Cryptocurrencies: Proposing a Global Money Matrix for the Blockchain Era

Unlike early civilizations with an entire economy built around agriculture and the practicality of the barter system, today's complex economies require immediate, low-cost transactions.  The digitalization of transactions is helping economies develop through various new assets and currencies. The appearance of  DeFi, CBDC’s, and many blockchain based systems has created a bit of a debate among researchers.  Consequently, the matter maintains a certain ambiguity, which requires more research. In this paper, we will be discussing how blockchain is revolutionizing the financial sector, by creating decentralized finance and central banks’ digital currencies. We will then propose a new global money matrix starting with a short literature review of existing definitions and categorizations since there still is a lack of understanding and standardization of currency categories, especially digital currencies. Then we will do the same for CBDC by categorizing it by component: participants, categories, and application scenarios