Fintech, Chain Transactions and Open Banking

Valerio Lemma
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Valerio Lemma: Marconi University

Chapter Chapter 5 in FinTech Regulation, 2020, pp 245-297 from Springer

Abstract: Abstract This chapter shows that networks widely distribute both big data and fintech applications, allowing fintech firms to execute their activities all around the world. Furthermore, the unbundling of the intermediation process into chains of transactions is leading banking and financial activities outside the scope of supervision. Thus, this chapter investigates the reason fintech applications do not appear to be regulatory-neutral. It also investigates the ‘acts of fintech’ and the responsibility of individuals in developing network of operations and concludes by assessing the current need for transparency, with regard to both the circulation of financial information in the market and the mitigation of the bargaining power in bilateral transactions.

Keywords: Big data; Open banking; Unbundling; Crowdfunding; Crowd lending; Fintech chains (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-42347-6_5

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DOI: 10.1007/978-3-030-42347-6_5

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