Fintech In Europe Promises And Threats

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Fintech in Europe: Promises and Threats

Author : Chikako Baba
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513561165
Total Pages : 35 pages
Book Rating : 4.5/5 (611 download)

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Book Synopsis Fintech in Europe: Promises and Threats by : Chikako Baba

Download or read book Fintech in Europe: Promises and Threats written by Chikako Baba and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-13 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe’s high pre-existing level of financial development can partly account for the relatively smaller reach of fintech payment and lending activities compared to some other regions. But fintech activity is growing rapidly. Digital payment schemes are expanding within countries, although cross-border and pan-euro area instruments are not yet widespread, notwithstanding important enabling EU level regulation and the establishment of instant payments by the ECB. Automated lending models are developing but remain limited mainly to unsecured consumer lending. While start-ups are pursuing platform-based approaches under minimal regulation, there is a clear trend for fintech companies to acquire balance sheets and, relatedly, banking licenses as they expand. Meanwhile, competition is pushing many traditional banks to adopt fintech instruments, either in-house or by acquisition, thereby causing them to increasingly resemble balanced sheet-based fintech companies. These developments could improve the efficiency and reach of financial intermediation while also adding to profitability pressures for some banks. Although the COVID-19 pandemic could call into question the viability of platform-based lending fintechs funding models given that investors could face much higher delinquencies, it may also offer growth opportunities to those fintechs that are positioned to take advantage of the ongoing structural shift in demand toward virtual finance.

The Promise of Fintech

Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
ISBN 13 : 1513512242
Total Pages : 83 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Promise of Fintech by : Ms.Ratna Sahay

Download or read book The Promise of Fintech written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2020-07-01 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.

FinTech in Sub-Saharan African Countries

Author : Mr.Amadou N Sy
Publisher : International Monetary Fund
ISBN 13 : 1484385667
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis FinTech in Sub-Saharan African Countries by : Mr.Amadou N Sy

Download or read book FinTech in Sub-Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Is FinTech Eating the Bank's Lunch?

Author : Sami Ben Naceur
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Is FinTech Eating the Bank's Lunch? by : Sami Ben Naceur

Download or read book Is FinTech Eating the Bank's Lunch? written by Sami Ben Naceur and published by International Monetary Fund. This book was released on 2023-11-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how the growing presence of FinTech firms affects the performance of traditional financial institutions. The findings point to a negative impact on profitability, primarily due to a reduction in interest income and a rise in operational costs. Although established financial institutions have tried to diversify their revenue streams, these efforts have proven inadequate to offset the losses associated with increased competition from FinTech firms. Our study also reveals that various FinTech business models, such as Peer-to-Peer (P2P) lending and Balance Sheet lending, have varying effects on financial institutions. Cooperative banks experience more significant profit deterioration under both models, whereas (larger) commercial banks appear to benefit from partnerships with P2P platforms, as evidenced by an increase in non-interest income. Furthermore, the findings suggest that FinTech presence has a disproportionately larger adverse effect on banks in countries with more competitive, profitable, and developed financial systems. Interestingly, however, traditional financial institutions in countries with stronger regulatory frameworks appear to benefit from the expanding influence of FinTech firms.

The Dark Side of the Moon? Fintech and Financial Stability

Author : Mr. Serhan Cevik
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Dark Side of the Moon? Fintech and Financial Stability by : Mr. Serhan Cevik

Download or read book The Dark Side of the Moon? Fintech and Financial Stability written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2023-12-08 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid advances in digital technology are revolutionizing the financial landscape. The rise of fintech has the potential to make financial systems more efficient and competitive and broaden financial inclusion. With greater technological complexity, however, fintech also poses potential systemic risks. In this paper, I use a novel dataset to trace the development of fintech (excluding cryptocurrencies) and empirically assess its impact on financial stability in a panel of 198 countries over the period 2012–2020. The analysis provides interesting insights into how fintech correlates with financial stability: (i) the impact magnitude and statistical significance of fintech depend on the type of instrument (digital lending vs. digital capital raising); (ii) the overall effect of all fintech instruments together turns out to be negative because of the overwhelming share of digital lending in total, albeit statistically insignificant; and (iii) while digital capital raising is estimated to have a positive effect on financial stability in advanced economies, its effect is negative in developing countries. Fintech is still small compared to traditional institutions, but rapidly expanding in riskier segments of the financial sector and creating new challenges for policymakers.

Global Perspectives in FinTech

Author : Hung-Yi Chen
Publisher : Springer Nature
ISBN 13 : 3031119541
Total Pages : 188 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Global Perspectives in FinTech by : Hung-Yi Chen

Download or read book Global Perspectives in FinTech written by Hung-Yi Chen and published by Springer Nature. This book was released on 2022-10-03 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is an emerging field and most of the existing literature appears in the form of industry reports, consulting reports, working papers, and policy recommendations. Although FinTech has been widely discussed for many years, there is a paucity of literature on some categorizations of FinTech. This edited volume distinguishes itself by focusing on academic works of scholars with a different area of specialization in the FinTech field including technology, innovation and regulation. In particular, the book focuses on the laws and technologies necessary to comprehend the role of the legal system in technological innovations and will be helpful for regulatory policymaking. A practical compendium that explains concepts and follows through on applications in FinTech including its challenges and evolving nature, this book will be of interest to students, scholars, practitioners as well as regulators and policy makers.

Democratizing Finance

Author : Marion Laboure
Publisher : Harvard University Press
ISBN 13 : 0674987225
Total Pages : 289 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Democratizing Finance by : Marion Laboure

Download or read book Democratizing Finance written by Marion Laboure and published by Harvard University Press. This book was released on 2022-01-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are only in the early stages of a broader revolution that will impact every aspect of the global economy, including commerce and government services. Coming financial technology innovations could improve the quality of life for all people. Over the past few decades, digital technology has transformed finance. Financial technology (fintech) has enabled more people with fewer resources, in more places around the world, to take advantage of banking, insurance, credit, investment, and other financial services. Marion Laboure and Nicolas Deffrennes argue that these changes are only the tip of the iceberg. A much broader revolution is under way that, if steered correctly, will lead to huge and beneficial social change. The authors describe the genesis of recent financial innovations and how they have helped consumers in rich and poor countries alike by reducing costs, increasing accessibility, and improving convenience and efficiency. They connect the dots between early innovations in financial services and the wider revolution unfolding today. Changes may disrupt traditional financial services, especially banking, but they may also help us address major social challenges: opening new career paths for millennials, transforming government services, and expanding the gig economy in developed markets. Fintech could lead to economic infrastructure developments in rural areas and could facilitate emerging social security and healthcare systems in developing countries. The authors make this case with a rich combination of economic theory and case studies, including microanalyses of the effects of fintech innovations on individuals, as well as macroeconomic perspectives on fintech's impact on societies. While celebrating fintech's achievements to date, Laboure and Deffrennes also make recommendations for overcoming the obstacles that remain. The stakes--improved quality of life for all people--could not be higher.

Revolutionizing Financial Services and Markets Through FinTech and Blockchain

Author : Mehta, Kiran
Publisher : IGI Global
ISBN 13 : 1668486261
Total Pages : 362 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Revolutionizing Financial Services and Markets Through FinTech and Blockchain by : Mehta, Kiran

Download or read book Revolutionizing Financial Services and Markets Through FinTech and Blockchain written by Mehta, Kiran and published by IGI Global. This book was released on 2023-07-20 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial services sector experiences millions of transactions representing billions of dollars every day, with security, transparency, and cost-efficiency being top priorities. Blockchain usage is increasing in the financial services sector; it is a breakthrough that has changed the global financial system, making it safer and more efficient. Revolutionizing Financial Services and Markets Through FinTech and Blockchain explores the application of blockchain technology within financial services and financial markets. Covering topics such as blockchain technology, e-finance applications, and financial product innovation, this book is ideal for academicians, investment institutions, asset management professionals, consultants, and more.

The Future of Finance

Author : Henri Arslanian
Publisher : Springer
ISBN 13 : 3030145336
Total Pages : 318 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Future of Finance by : Henri Arslanian

Download or read book The Future of Finance written by Henri Arslanian and published by Springer. This book was released on 2019-07-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.

Digital Transformation For Entrepreneurship

Author : Susanne Durst
Publisher : World Scientific
ISBN 13 : 981127018X
Total Pages : 272 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Digital Transformation For Entrepreneurship by : Susanne Durst

Download or read book Digital Transformation For Entrepreneurship written by Susanne Durst and published by World Scientific. This book was released on 2023-12-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary idea behind this book is to provide a platform for the sharing of contributions from the doctoral students of the Entrepreneurship and International Business group at the Department of Business Administration of Tallinn University of Technology (Estonia). The talented group, consisting of students from countries such as Egypt, Estonia, Germany, Ghana, Italy, Kazakhstan and Russia, are studying across various topics relating to Digital Transformation for Entrepreneurship and its related subjects. This thus creates a ripe opportunity for the sharing of perspectives from different theoretical and methodological applications.The book's chapters study decision-makers of small entrepreneurial firms, both start-ups and mature, as the primary target group, digging deep into their insights on recent and fresh research findings produced by the doctoral students as part of their studies.Therefore, the book fulfills two main objectives: 1) entrepreneurial firms will get concrete ideas and recommendations as to how to address and/or improve their entrepreneurial activities/approaches to entrepreneurship triggered by digital transformation, and 2) the doctoral students will get a unique opportunity to expand their scientific writing skills while at the same time having an opportunity to present their findings in a way that is considered relevant and impactful by practitioners.The scientific quality of each chapter has been ensured by the participation of two experienced scholars and supervisors — one of whom is the head of the Entrepreneurship and International Business group, and an active researcher on the book's topic — who have closely monitored the development process of the book.

Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions

Author : Ms.Inutu Lukonga
Publisher : International Monetary Fund
ISBN 13 : 1484376544
Total Pages : 51 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions by : Ms.Inutu Lukonga

Download or read book Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions written by Ms.Inutu Lukonga and published by International Monetary Fund. This book was released on 2018-09-11 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.

Fintech

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498321860
Total Pages : 73 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fintech by : International Monetary Fund

Download or read book Fintech written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-06-27 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Stay Competitive in the Digital Age: The Future of Banks

Author : MissEstelle X Liu
Publisher : International Monetary Fund
ISBN 13 : 1513570056
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Stay Competitive in the Digital Age: The Future of Banks by : MissEstelle X Liu

Download or read book Stay Competitive in the Digital Age: The Future of Banks written by MissEstelle X Liu and published by International Monetary Fund. This book was released on 2021-02-19 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest advancement in financial technology has posed unprecedented challenges for incumbent banks. This paper analyzes the implications of these challenges on bank competitveness, and explores the factors that could support digital advancement in banks. The analysis shows that the traditionally leading role of banks in advancing financial technology has diminished in recent years, and suggests that onoing efforts to catch up to the digital frontier could lead to a more concentrated banking industry, as smaller and less tech-savvy banks struggle to survive. Cross-country evidence has suggested that banks in high-income economies appear to have been the digital leaders, likely benefiting from a sound digital infrastructure, a strong legal and business environment, and healthy competition. Nonetheless, some digital leaders may fall behind in the coming years in adopting newer technologies due to entrenched consumer behavior favoring older technologies, less active fintech and bigtech companies, and weak bank balance sheets.

The Routledge Handbook of Financial Geography

Author : Janelle Knox-Hayes
Publisher : Taylor & Francis
ISBN 13 : 1351119044
Total Pages : 648 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis The Routledge Handbook of Financial Geography by : Janelle Knox-Hayes

Download or read book The Routledge Handbook of Financial Geography written by Janelle Knox-Hayes and published by Taylor & Francis. This book was released on 2020-12-14 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is a comprehensive and up to date work of reference that offers a survey of the state of financial geography. With Brexit, a global recession triggered by the COVID-19 pandemic, as well as new financial technology threatening and promising to revolutionize finance, the map of the financial world is in a state of transformation, with major implications for development. With these developments in the background, this handbook builds on this unprecedented momentum and responds to these epochal challenges, offering a comprehensive guide to financial geography. Financial geography is concerned with the study of money and finance in space and time, and their impacts on economy, society and nature. The book consists of 29 chapters organized in six sections: theoretical perspectives on financial geography, financial assets and markets, investors, intermediation, regulation and governance, and finance, development and the environment. Each chapter provides a balanced overview of current knowledge, identifying issues and discussing relevant debates. Written in an analytical and engaging style by authors based on six continents from a wide range of disciplines, the work also offers reflections on where the research agenda is likely to advance in the future. The book’s key audience will primarily be students and researchers in geography, urban studies, global studies and planning, more or less familiar with financial geography, who seek access to a state-of-the art survey of this area. It will also be useful for students and researchers in other disciplines, such as finance and economics, history, sociology, anthropology, politics, business studies, environmental studies and other social sciences, who seek convenient access to financial geography as a new and relatively unfamiliar area. Finally, it will be a valuable resource for practitioners in the public and private sector, including business consultants and policy-makers, who look for alternative approaches to understanding money and finance.

Keeping Pace with Change: Fintech and the Evolution of Commercial Law

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1616358750
Total Pages : 31 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Keeping Pace with Change: Fintech and the Evolution of Commercial Law by : International Monetary Fund

Download or read book Keeping Pace with Change: Fintech and the Evolution of Commercial Law written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-01-27 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note explores the interactions between new technologies with key areas of commercial law and potential legal changes to respond to new developments in technology and businesses. Inspired by the Bali Fintech Agenda, this note argues that country authorities need to closely examine the adequacy of their legal frameworks to accommodate the use of new technologies and implement necessary legal reform so as to reap the benefits of fintech while mitigating risks. Given the cross-border nature of new technologies, international cooperation among all relevant stakeholders is critical. The note is structured as follows: Section II describes the relations between technology, business, and law, Section III discusses the nature and functions of commercial law; Section IV provides a brief overview of developments in fintech; Section V examines the interaction between technology and commercial law; and Section VI concludes with a preliminary agenda for legal reform to accommodate the use of new technologies.

Digital Revolutions in Public Finance

Author : Mr.Sanjeev Gupta
Publisher : International Monetary Fund
ISBN 13 : 1484315227
Total Pages : 362 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Digital Revolutions in Public Finance by : Mr.Sanjeev Gupta

Download or read book Digital Revolutions in Public Finance written by Mr.Sanjeev Gupta and published by International Monetary Fund. This book was released on 2017-11-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information. More and higher-quality information can improve not only policy design for tax and spending, but also systems for their management, including tax administration and compliance, delivery of public services, administration of social programs, public financial management, and more. Countries must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation “Click Download on the top right corner for your free copy..."

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.