Fintech and Financial Services
| Author | : | |
| Rating | : | 4.92 (698 Votes) |
| Asin | : | B073WPM3BN |
| Format Type | : | |
| Number of Pages | : | 314 Pages |
| Publish Date | : | 2015-06-22 |
| Language | : | English |
DESCRIPTION:
Overall, the paper finds that boundaries among different types of service providers are blurring; barriers to entry are changing; and improvements in cross-border payments are likely. It also highlights the importance of international cooperation.. A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. It combines a broad discussion of trends across financial services with a focus on cross-border payments and especially the impact of distributed ledger technology. It argues that regulatory authorities need to balance carefully efficiency and stability trade-offs in the face of rapid changes, and ensure that trust is maintained in an evolving financial system. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech might provide solutions that respond to consumer needs for trust, security, privacy, and better services, change the competitive landscape, and affect regulation