BIS (2018) has introduced a regulatory sandbox, an innovation centre, and an innovation accelerator. First, regulatory sandbox. Under this model, regulators allow Fintech companies to conduct Fintech innovation under certain scenarios.
The paper finds that while there are important regional and national differences, countries are broadly embracing the opportunities of fintech to boost economic growth and inclusion, while balancing risks to stability and integrity.
FinTech has developed rapidly in recent years, and with these developments new challenges arise, particularly for regulators: how do you apply current law to these ever-changing concepts in a world of continual technological advancement?
The change is going to keep coming, the only thing we can do is get on board with it. This book introduces the basics of FinTech and equips readers with the knowledge to get on the cutting edge of age we live in today.
The change is going to keep coming, the only thing we can do is get on board with it. This book introduces the basics of FinTech and equips readers with the knowledge to get on the cutting edge of age we live in today.
- Introduction to Financial Technology - Importance of Financial Technology - How Consumers Benefit from Financial Technology Disruptors - Financial Technology Trends - Banking and Financial Technology - Robo-Advisors and Wealth Management ...
For instance, big data and mass surveillance pose a threat to liberty by empowering security organisations that excessively interfere in the private lives of innocent citizens. Big data and mass surveillance may also pose a threat to ...
Fintech
... exclusion instead of inclusion. Exclusion is the flipside of inclusion, for instance, if the percent of population making digital payments is 60%, this means that 40% do not use digital payments. By doing so, we alert policymakers to ...