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    The politics of FinTech: technology, regulation and disruption in UK and German retail banking

    Hodson, Dermot (2021) The politics of FinTech: technology, regulation and disruption in UK and German retail banking. Public Administration 99 (4), pp. 859-872. ISSN 1467-9299.

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    Recent studies suggest that Uber and other tech start-ups disrupt markets through regulatory entrepreneurship. This practice describes how such companies operate outside of regulation or in legal grey areas before mobilising their customers in support of regulatory change. Financial technology (FinTech) is sometimes called the ‘Uber of banking’, but banking reveals different political dynamics than the car-for-hire sector. Exploring the rise of online-only banks in the UK and Germany, this article finds that start-ups such as Starling, Monzo and N26 challenged incumbents without breaking or remaking regulation. The regulatory entrepreneurship approach, which sees FinTech as a difficult case, and the state world of regulatory innovation, which views policy-makers as seizing the opportunity created by new technology to reassess their relationship with incumbents, help to explain these findings. Its findings have relevance for wider debates about the governance of health care and legal services and the politics of disruption more generally.


    Item Type: Article
    Additional Information: This is the peer reviewed version of the article, which has been published in final form at the link above. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
    Keyword(s) / Subject(s): FinTech, regulatory entrepreneurship, state world of regulatory innovation, financial services
    School: Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Social Sciences
    Research Centres and Institutes: Birkbeck Centre for British Political Life
    Depositing User: Dermot Hodson
    Date Deposited: 04 Mar 2021 11:26
    Last Modified: 02 Aug 2023 18:08


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