Banking / Finance

FinTech: Finance, Technology and Regulation

Edited by Ross P. Buckley · Douglas W. Arner · Dirk A. Zetzsche
Cambridge University Press November 2023

Specifications

ISBN-13
9781009078214
Publisher
Cambridge University Press
Publication
November 2023
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

In this comprehensive, accessible work, Ross P. Buckley, Douglas W. Arner, and Dirk A. Zetzsche offer an ideal reference for anyone seeking to understand the technological transformation of finance and the role of regulation: the world of FinTech. They consider FinTech technologies including artificial intelligence, blockchain, BigData, cloud computing, cryptocurrencies, central bank digital currencies, and distributed ledger technology, and provide a unique perspective on FinTech as an interactive system involving finance, technology, law, and regulation. Starting with an evolutionary perspective, the authors then consider the major technologies transforming finance, arguing for approaches to balance the risks and challenges of innovation. They address the central role of infrastructure in digital financial transformation, highlighting lessons from China, India, and the EU, as well as the impact of pandemics and other sustainability crises, while considering the risks generated by FinTech. They conclude by offering forward-looking regulatory strategies to address the challenges facing our world today.

  • Provides a clear introduction to the application of digital technology to financial services (FinTech)
  • Explores the central strands of the FinTech revolution: finance, technology, regulation
  • Identifies future opportunities and risks of FinTech

Table of Contents

1. Introduction
Part I. Digital Transformation of Finance and Regulation:
2. Evolution of FinTech
3. Smart Regulation
4. RegTech and the Reconceptualization of Financial Regulation
5. COVID-19, Digital Finance and Existential Sustainability Crises
6. Drivers of Change: Efficiency, Financial Inclusion, and Sustainability
Part II. Addressing the Challenges of Innovation in Finance: Introduction
7. Regulating Artificial Intelligence in Finance
8. Distributed Ledger Technology, Blockchain and Finance
9. Decentralized Finance and Embedded Regulation
10. Data Regulation and Financial Regulation
11. Enabling a Balanced Proportional Approach to Innovation: Regulatory Sandboxes, Innovation Hubs and Beyond
Part III. Building Better Financial Systems: Introduction
12. Building the Infrastructure for Digital Financial Transformation
13. Digital Identity
14. Electronic Payments, Stablecoins and Central Bank Digital Currencies
15.Digital Financial Transformation: Lessons from the EU
Part IV. From FinTech to TechFin to BigTech to FinTech 4.0: Balancing the Opportunities and Risks of Scale and Concentration in Digital Finance: Introduction
16. Of TechFins, Digital Financial Platforms, BigTechs and FinTech 4.0
17. The New Systemic Risks: Cybersecurity and Data Risks
18. The New SIFIs: FinTech, TechFin, Scale and Connectivity
19. The Challenge of Scale: Addressing Concentration and Dominance in Digital Finance
20. Conclusion: Building Better Financial Systems
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