Fintech

Between finance and technology: global trends and best practices to leverage fintech and digital payments as a driver for development – Reading list

Author:

Date: 19 April 2019

Type: Other

Topic: Credit

In the latest years, technology has been rapidly transforming the financial sector, affecting all those entities gravitating around it. FinTech has been thesubject of an evolving landscape with growth driven especially by the payment segment. Such a disruptive change inevitably presents critical challenges for financial institutions and regulators, as much as for the customers and final users. The extent to which FinTech is going to shape our lives and permanently change the way we think about money, for better or worse, will be determined by our ability to identify and address these challenges properly.

 

With this document, Action Institute wants to present a list of readings in preparation to the event that will take place in Rome on May 14th.

 

The document is organized in the following chapters

 

  1. Banks and Digital Challenges
  2. Fintech
  3. Digital Payments
  4. Lending
  5. Asset Management
  6. Regtech

 

 

1.   Banks and Digital Challenges
  • Fintech and banks (VOXEU, March 2018)
    This column argues that although incumbent banks face rising competitive pressure, they are unlikely to be fully replaced by FinTechs in many of their key functions. https://voxeu.org/article/fintech-and-banks

 

 

 

2.   Fintech

 

 

 

3.  Digital Payments

 

 

 

 

4.   Lending

 

5.    Asset management

 

 

 

6.    Regtech
        • Technology Based Innovations for Regulatory Compliance (RegTech) in the Securities Industry(FINRA, September 2018)
          This paper provides a summary of how RegTech tools are being applied in 5 different areas and it highlights key benefits and potential regulatory and implementation implications for broker-dealer firms to consider as they explore and adopt RegTech tools. http://www.finra.org/sites/default/files/2018_RegTech_Report.pdf
        • Using RegTech to transform compliance and risk from support functions into business (Deloitte, February 2018)

The author suggests that the RegTech offers solutions to use technology to solve compliance and regulatory issues
https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/risk/lu-using-regtech-to-transform-compliance-and-risk-from-support-functions-into-business-differentiators.pdf

 

 

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein