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Cited by 319

The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.

Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain

Open access
Cai, Cynthia Weiyi·2018·Accounting & Finance

Abstract

Based on a systematic review of influential publications among 402 papers published between 2010 and 2018, this paper identifies gaps in Economics and Finance research regarding two applications of FinTech: crowdfunding and blockchain. Analysing these records shows that (i) current research on FinTech is fragmented with limited theoretical grounding; (ii) crowdfunding and blockchain can be regarded as two innovations that may disrupt traditional financial intermediation but in different ways; (iii) crowdfunding platforms substitute for traditional financial intermediaries and serve as a new intermediary, without eliminating the need for intermediation; (iv) similar to crowdfunding, blockchain also creates new intermediaries; and (v) the trust element inherent in blockchain enables blockchain to eliminate the need for intermediaries in some financial areas but not all.

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Crossref · 10.1111/acfi.12405

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Metadata

Authors
Cai, C. W.
Venue
Accounting & Finance
Publisher
Wiley
Published
2018-09-25
Volume
58
Issue
4
Pages
965-992
ISSN
  • 0810-5391 (ISSN-L)
  • 1467-629X
OpenAlex
W2893832477
Cited by
319
References
34
FWCI
33.23
Type
journal article
Language
en
Open access
hybrid

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CoChat. (2026). Citation check: Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain. https://app.cochat.ai/papers/10.1111/acfi.12405
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Cai, C. W. (2018). Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain. Accounting & Finance. https://doi.org/10.1111/acfi.12405

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.