Fintech in Europe: Do Banking Measures Matter?
Loris Di Nallo, Anna Maria Calce, Anna Paola Micheli, Nicolò Giangrande

Abstract
The aim of this study is to analyze the relationship between specific banking variables and the degree of adoption of Fintech in European countries. Exploiting banking ecosystem variables, obtained from the International Monetary Fund database, and two different indeces of Fintech we have run a multiple regression in order to test the relationship. The originality of this work depends on several factors, as the specificity of the explaining variables and the geographical area analyzed. Results show that some banking variables have a good explanatory ability of Fintech adoption by countries, but these finding are referable only to Global Fintech Index. Our work contributes to existing literature offering a different approach to the topic. Moreover, findings represent a useful tool for decision makers, who can manage variables that affect the degree of adoption of Fintech.

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