Fintechs and institutions: A systematic literature review and future research agenda

Jorge Tello-Gamarra, Diogo Campos-Teixeira, André Andrade Longaray, João Reis, Martin Hernani-Merino

Research output: Contribution to journalReview articlepeer-review


The growth of fintechs has exponentially modified the international financial system. These changes affect social mechanisms that regulate the performance of economic agents, generating the need to modify the current role played by institutions. Despite the clear relationship that exists between fintechs and institutions, studies exploring the details of this relationship are still scarce. The objective of this article is to propose a review and analysis of the current state of research on fintechs and institutions. To achieve this goal, a systematic literature review was conducted, with the selection and analysis of 123 documents published which were based on preestablished inclusion and exclusion criteria. The main results show the development of a framework that allows us to increase our understanding of fintechs and institutions; the identification of three propositions that serve as a guide to the institutional landscape in which fintechs operate; and finally the recognition of a research agenda.
Original languageEnglish
Pages (from-to)722–750
Number of pages29
JournalJournal of Theoretical and Applied Electronic Commerce Research
Issue number2
StatePublished - Jun 2022

Bibliographical note

Publisher Copyright:
© 2022 by the authors. Licensee MDPI, Basel, Switzerland.


  • Fintechs
  • Institutions
  • Transaction costs
  • Regulation


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