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Fintech and regtech: Impact on regulators and banks

Ioannis Anagnostopoulos

Journal of Economics and Business, 2018, vol. 100, issue C, 7-25

Abstract: The purpose of this paper is to develop an insight and review the effect of FinTech development against the broader environment in financial technology. We further aim to offer various perspectives in order to aid the understanding of the disruptive potential of FinTech, and its implications for the wider financial ecosystem. By drawing upon very recent and highly topical research on this area this study examines the implications for financial institutions, and regulation especially when technology poses a challenge to the global banking and regulatory system. It is driven by a wide-ranging overview of the development, the current state, and possible future of fintech. This paper attempts to connect practitioner-led and academic research. While it draws on academic research, the perspective it takes is also practice-oriented. It relies on the current academic literature as well as insights from industry sources, action research and other publicly available commentaries. It also draws on professional practitioners’ roundtable discussions, and think-tanks in which the author has been an active participant. We attempt to interpret banking, and regulatory issues from a behavioural perspective.

Keywords: FinTech; RegTech; Business models; Regulation; Financial services; Future research direction (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1016/j.jeconbus.2018.07.003

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