O surgimento das Fintechs no Brasil e seu impacto no setor bancário (2009-2021)

Abstract

This research aims to analyze the emergence of Fintechs in Brazil, and their impact on the banking industry. As well as elaborate a bibliographical review about innovation, technology, transaction costs and the regulation that allowed the operation of Fintechs in Brazil. It will also analyze how the way banks are used has been affected by the emergence of Fintechs, as well as their participation in the banking sector, through digital means such as smartphones and the most used channel, mobile banking. The methodology used in the research will be inductive, through bibliographic and documentary research, with data from BACEN's banking economy reports, data about financial institutions generated on the if.data site, and also about banking technology, with FEBRABAN's banking technology reports. Among the results obtained, a reduction in banking concentration, technological diffusion, a trend towards a reduction of physical branches and employees in the banking sector, and innovation caused by the digitalization of financial services were observed. One could also observe an incentive from BACEN in the capillarization of financial services with the creation of Fintechs Direct Credit Society (SCDs) and Loan Society Between Persons (SEPs), which in turn help to diversify financial services, as well as access to credit and financial inclusion.