EconPapers    
Economics at your fingertips  
 

Emergence of FinTech and the LASIC principles

David LEE Kuo Chuen and Ernie Teo
Additional contact information
David LEE Kuo Chuen: Sim Kee Boon Institute for Financial Economics, Singapore Management University

Journal of Financial Perspectives, 2015, vol. 3, issue 3, 24-36

Abstract: Financial technology (FinTech) has been receiving much attention lately. And, although the development of FinTech is still in early stages, many believe that it will define and shape the future of the financial services industry, and at the same time, increase participation by those who have until recently been under- or unserved. Given the intense competition, however, success in this space will not be easy, and various factors, both internal and external, will play key roles in identifying those that will be successful. In this article, we identify some of these factors, which we term the LASIC (low margin, asset light, scalable, innovative and compliance easy) principles. FinTech companies could benefit from applying some of the ideas presented in this article to their businesses.

Keywords: FinTech; financial services industry; financial markets (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (31)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:jofipe:0085

Access Statistics for this article

Journal of Financial Perspectives is currently edited by Ms Alina Stefan

More articles in Journal of Financial Perspectives from EY Global FS Institute 1 More London Place, London SE1 2AF, UK.
Bibliographic data for series maintained by Ms Alina Stefan (astefan@uk.ey.com this e-mail address is bad, please contact repec@repec.org).

 
Page updated 2024-10-13
Handle: RePEc:ris:jofipe:0085