Based on Zetzche DA, Buckley RP, Arner DW, Barberis JN, (2017), Financial technology ('FinTech') is transforming finance and challenging its regulation at an unprecedented rate. Two major trends stand out in the current period of FinTech development. The first is the speed of change driven by the commoditization of technology, Big Data analytics, machine learning and artificial intelligence. The second is the increasing number and variety of new entrants into the financial sector, including pre-existing technology and ecommerce companies. What was the authors major conclusions regarding possible regulatory consequences of opening banking and finance space to TechFin enterprises?

Answer rating: 100% (QA)

The authors highlighted several major conclusions regarding the possible regulatory consequences of opening the banking and finance space to TechFin e... View the full answer