A Literature Study on the Potential Risks of Financial Technology

Xiaoman Chen ()
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Xiaoman Chen: Southwestern University of Finance and Economics, School of Management Science and Engineering

A chapter in Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024), 2025, pp 685-693 from Springer

Abstract: Abstract As an emerging sector within the financial industry, fintech has significantly enhanced the efficiency and innovation of financial services. However, this rapid development also introduces a range of potential risks, including systemic, regulatory, and technological risks. These risks are not isolated but rather interconnected, forming a complex network that can propagate rapidly across the financial system. The dynamic nature of fintech exacerbates these risks, challenging traditional risk management frameworks. While the existing regulatory systems are gradually evolving to incorporate more technological, automated, and intelligent approaches, they often struggle to keep pace with the rapidly changing landscape of fintech. There remain significant gaps in the timely identification and management of new risk points introduced by innovative fintech solutions. The evolving risks highlight the need for a more proactive approach to regulation, alongside continuous technological innovation and robust risk management strategies. Addressing these challenges is crucial for ensuring the sustainable and healthy growth of the fintech industry. This literature review explores the multifaceted risks associated with fintech and discusses the current state of regulatory frameworks, emphasizing the importance of adaptive regulation, advanced technological tools, and comprehensive risk management in safeguarding the future of fintech.

Keywords: Fintech; Potential Risks; Risk Management; Regulatory Framework (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-652-9_71

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