Quality of Institutions and Poverty in the UEMOA Area

Abstract

Technical progress due to digitization, information technology, Big Data, artificial intelligence, blockchain, etc. have imposed a new order on the financial industry. This is marked by the emergence of startups (Fintech) with high growth potential, capable of providing new financial services adapted to each context, for example, the Covid 19 pandemic context, and to the different profiles of new consumers (digital natives). It's a new financial industry that defies traditional barriers to entry, with the agility and adaptability that make it an undeniable competitor. The aim of our work is to prepare a field of study to explain the emergence of Fintechs and their disruptive capacity in a world marked by the dominance of traditional players, and to propose a suitable theoretical framework. The latter relates to the theory of disruptive innovation and the theory of transaction costs. Finally, the fintech industry certainly faces challenges, as it operates in a volatile sector and suffers from a lack of credit.