Annalisa Baldissera – University of Brescia, Department of Law, via San Faustino No. 41, Brescia, Italy

Financial technology;
Emerging finance;
Economic performance


Abstract: Fintech or financial technology is a relatively recent and expand­ing phenomenon, which identifies the application of technologies, in par­ticular digital, in the financial sector. In the context of Fintech, a recent­ly born sector is represented by challenger banks (CBs), i.e. banks that do not have branches but operate exclusively through apps and smartphones. There are currently 96 challenger banks in Europe, of which 12 are located in Italy. This study aims to analyze the performance of the Italian challeng­er banks in the three years 2019-2021 to grasp the strengths and weaknesses of their management. The study highlighted how Italian challenger banks have overcome the pandemic with satisfactory results compared to 2019. This is partly due to the advantages that digital services offer in conditions in which physical travel is limited or prohibited. However, income performance also grew in 2021 and confirms the progressive strengthening of the sector.

6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Selected Papers, Hybrid (University of Maribor, Slovenia), October 27, 2022

ITEMA Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2022 Selected Papers: ISBN 978-86-80194-64-6, ISSN 2683-5991, DOI:

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 

Suggested citation

Baldissera, A. (2022). Recent Advances in Fintech: The Case of Italian Challenger Banks. In V. Bevanda (Ed.), International Scientific Conference ITEMA 2022: Vol 6. Selected Papers (pp. 61-70). Association of Economists and Managers of the Balkans.


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