Category Archives: Fintech

Digitalisation of Payment Services in Europe

By | February 5, 2019

Courtesy of Fernando Zunzunegui Technology has made financial services more accessible, faster, and cheaper. Payment services, in particular, are a testing ground for fintech innovation.  Cryptocurrencies, payment initiation, and information management services associated with bank accounts have recently emerged as significant disruptions in the payments industry. As data has become essential to economic success, the… Read More »

ICO Regulation not Slowed by Brexit or US Shutdown Chaos

By | January 28, 2019

Courtesy of Barbara C. Matthews It seems somehow ironic and fitting that the economic sector most hostile to centralized governments – cryptocurrency and initial coin offerings (ICOs)  – faces renewed regulatory activity despite the UK Brexit and US shutdown chaos.  On January 23, the Financial Conduct Authority (FCA) in the United Kingdom issued a new… Read More »

Data, Innovation and Transatlantic Competition in Finance: The Case of the Access to Account Rule

By | December 13, 2018

Courtesy of Oscar Borgogno* and Giuseppe Colangelo** In our paper ‘Data, Innovation and Transatlantic Competition in Finance: The Case of the Access to Account Rule’, we focus on the EU regulatory effort, enshrined in the Directive 2366/2015 on payment services in the internal market (PSD2), to enact a sector-specific portability regime (the access to account… Read More »

Tokenomics: Crypto-Asset Valuation, Token Design, and the Development of Blockchain Networks

By | November 16, 2018

Courtesy of Lin William Cong, Ye Li, Neng Wang[1] Advances in FinTech and the sharing economy are being driven by the growing demand for peer-to-peer connections that transform how people interact, work, consume, and produce. Although mass-adoption of blockchain faces many hurdles, the technology holds the capacity to create financial architectures which reorganize our society… Read More »

Fintech Lending Risks and Benefits

By | November 14, 2018

Courtesy of Vincent Di Lorenzo Fintech lending, sometimes referred to as online marketplace lending, is lending through digital platforms that often collect and base lending decisions on nontraditional data sources. Underwriting is typically automated and may employ nontraditional credit algorithms. In the consumer and small business credit market, fintech loan originations have experienced an annual… Read More »

Introducing Blockchain-Based Smart Contracts – a Roadmap for Lawmakers

By | November 13, 2018

Courtesy of Jelena Madir The first thing many people think of when they hear the term “smart contract” is a contract that is somehow transposed into computer code and runs without any human intervention.  This misses the mark by a wide margin.  Instead, smart contracts are better thought of as “conditional transactions” because they refer… Read More »

Fintech and Its Importance for the European Union

By | November 12, 2018

Courtesy of Alexandra Andhov Recent technological advancements have disrupted the financial sector by giving rise to new FinTech start-ups and simpler solutions for customers and investors. While these developments raise a number of legal, regulatory and policy issues, I believe that ultimately, FinTech will facilitate greater financial inclusion and cross-jurisdictional service offerings in the European… Read More »

How Valuable is FinTech Innovation?

By | October 22, 2018

Courtesy of Mark A. Chen, Qinxi Wu, and Baozhong Yang Recently, the rapid development of FinTech, or financial technology, has attracted considerable attention within the finance industry. Many observers have welcomed the rise of FinTech, claiming that it has the potential to radically transform financial services by making them less expensive, more convenient, and more… Read More »

The Revolving Door Comes to Cryptocurrency

By | October 15, 2018

Ask any cryptocurrency company what their biggest challenge is, and they’ll likely tell you “legal and regulatory issues.” The legal and regulatory environment surrounding cryptocurrency is complex, uncertain, and changing by the day. In the U.S., no one agency has sole jurisdiction over cryptocurrency, and different agencies have varied interpretations of what cryptocurrency is (largely… Read More »

Fintech and Inclusive Finance: Striking an Appropriate Regulatory Balance

By | August 27, 2018

Courtesy of James Guild[1] The tech industry is often seen as a frontier for innovation and creative destruction, a place where engineers aren’t afraid to break things in the race to develop the next market-moving app. In recent years, tech companies have set their sights on the finance industry (Fintech), engendering a natural tension as… Read More »