FinTech
FinTech
Douglas W. Arner, The University of Hong Kong
Dirk A. Zetzsche, Université du Luxembourg
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
Reviews & endorsements
'Technological advances are rapidly changing the face of finance, and with it the challenges and opportunities confronting financial regulators. Understanding the complex, intertwined relationship between finance, technology, and regulation is no longer optional for those researching and working in these fields - it's an absolute necessity. Buckley, Arner, and Zetzsche provide a strong foundation for this understanding and, having built it, offer important insights into everything from the rise of fintech, regtech, and bigtech to the rapidly evolving worlds of AI and crypto.' Dan Awrey, Professor of Law, Cornell Law School
'This book discusses the key building blocks for building a fintech-led financial eco-system, including aspects relating to data, e-identity, artificial intelligence, and distributed ledger. A highly useful resource for any academic, policymaker, or practitioner in the area of fintech and financial regulation.' Iris H. Chiu, Professor of Corporate Law and Financial Regulation, University College London Faculty of Laws
'A valuable resource on a complex topic, especially for undergraduate business and financial law and policy programs … Highly recommended.' C. A. Ross, CHOICE
'The book will be of interest to a wide range of readers including those with backgrounds in finance, law, technology, regulation and economic development.' Ian Ramsay, Australian Law Journal
Product details
November 2023Hardback
9781316514405
287 pages
236 × 155 × 22 mm
0.69kg
Available
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
- Index.
