Overview

In the Twin Transition era, digital technologies and Environmental, Social, and Governance (ESG) paradigms are changing the dynamics of the financial industry in terms of the operators involved and the service models addressed to customers. This book provides a comprehensive analysis of the interplay between advanced technologies, such as artificial intelligence, blockchain, and machine learning, and the rising importance of Environmental, Social, and Governance (ESG) factors in the financial sector. Thus, it investigates how these twin transitions – digitalization processes and ESG practices – affect credit allocation mechanisms, redefine the roles of traditional financial institutions and alternative finance platforms, and influence the transparency and efficiency of financial markets. The book adopts an interdisciplinary approach and employs a mixed-methods methodology, combining theoretical models, systematic literature reviews, and empirical analyses to explore jointly, the effect of digitalization and sustainability on financial systems. It addresses several topics, such as the rise of FinTech and crowdfunding platforms, and the integration of ESG criteria into credit risk assessment. Further, it examines the practical challenges faced by financial operators, including information asymmetry, credit risk disclosure, and the impact of ESG integration on financial performance. The book's relevance, originality and contribution to the reference field of literature is further enhanced by the empirical cross-country comparisons and the use of alternative quantitative methods such as multi-criteria decision analysis (MCDA). The book provides valuable insights for academics, researchers, practitioners, and policymakers, offering a comprehensive understanding of the challenges and opportunities posed by these twin transformative forces - digitalization and sustainability - in the financial sector.

Full Product Details

Author:   Valeria Stefanelli ,  Matteo Cotugno
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.720kg
ISBN:  

9781041111207

ISBN 10:   1041111207
Pages:   286
Publication Date:   13 February 2026
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   Not yet available  
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Table of Contents

Section I: Digitalization processes and Environmental, Social and Governance (ESG) practices in the Financial Market 1. Shaping the New Banking Ecosystem: New trends in the European Credit Market 2. Digital Transformation in the financial industry: Incumbents and Newcomers 3. Redefining Finance: The Role of FinTech in Modern Banking Ecosystems 4. Collaboration or Rivalry? Rethinking Bank-FinTech Integration 5. Building blocks for the Credit Industry. Disentangling the Bank-Firm Relationship 6. Credit Relations from an ESG Perspective: Rules and Behavior of Banks and Firms 7. The Impact of ESG Risk Management from a Financial Perspective 8. ESG Goverance and Probability of Default: The Roal of Climate Risk Management in Banking Section II: Alternative Finance and Crowdfunding Innovation: Regulatory Frameworks, Managerial Strategies, Open Innovation and Transparency Issues 9. New Ways for New Days: The Rise of Alternative Finance 10. Crowdfunding Platforms in Europe: Management Profiles, Open Innovation and Dimensional Analysis 11. European Regulatory Standards on Crowdfunding: Key Features 12. The Credit Process throughout the Years: Why Does Technology Matter? Section III: ESG paradigms and Credit Risk Disclosure by Lending-Based Crowdfunding Platforms: An Empirical Cross-country Analysis 13. EU Main Players in the Lending-Based Crowdfunding Market 14. Credit Risk Disclosure: A Theoretical Perspective 15. Multi-Criteria Decision Analysis (MCDA) Approach to Support Lending-Based Crowdfunding Market 16. The Impact of ESG on Credit Risk Disclosure in EU Crowdfunding Platforms

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Author Information

Valeria Stefanelli is Full Professor of Financial Markets and Institutions at the University of Salento, Italy. Matteo Cotugno is an Associate Professor of Financial Markets and Institutions at the Catholic University of the Sacred Heart, Italy.

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