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Items tagged with "fintech"

What does a level playing field look like for tech regulation?

The Financial Stability Institute (FSI) has published an Occasional Paper by Fernando Restoy on how regulation should encourage fair competition between traditional banks and new fintech and big tech players.

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Appetite for Regulatory Innovation grows in the face of Covid-19

Amid the chaos that Covid-19 has wrought on the financial sector, it has also created an urgency to prioritise and deploy regulatory innovation and fintech initiatives.

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SEC announces Office Focused on Innovation and Financial Technology

With the centrality of technology and innovation to the financial sector only growing, the US’ SEC recently announced that the Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, is to become a stand-alone office.

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Regulatory Sandboxes boost Fintech Funding

Fintech promises to revolutionise the financial sector, with efficiency, choice, and financial inclusion on the horizon. However, disruptive growth in finance needs to be supervised and regulated so risks are properly managed. That’s where regulatory sandboxes come in – they allow start-ups to trial innovations under the watchful eye of authorities.

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The Future of Fintech in Latin America

A recent Bank of International Settlements (BIS) paper takes a deep dive into the landscape, prospects and challenges of FinTech in Latin America, arguing that the continent is at the cusp of progress in this area.

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India introduces Regulatory Sandbox

Regulatory Technology, or RegTech, could help transform today’s regulatory landscape, drawing on similar advances as FinTech to improve the efficiency, utility and cost of supervision.

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ECB supports LEI and enhanced reporting

A recent European Commission (EC) consultation – designed to inform the new EU digital finance strategy – has been considering amendments to the EU regulatory framework in response to rapidly evolving financial-technology landscape.

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Covid-19 boosts Digital Payments worldwide

A couple of weeks ago we highlighted news that the Covid-19 crisis has been a boon for digital payments in India, traditionally a cash-is-king country. However, India is, of course, not alone in choosing to shun paper currency right now, with digital payments and, in some cases, fintech services, receiving a pandemic boost worldwide.

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Thirty Recommendations on Regulation, Innovation and Finance

 The opportunities (and risks) presented by fintech are creating undeniable and unavoidable changes to economies worldwide – but how should regulators respond? The Expert Group on Regulatory Obstacles to Financial Innovation (ROFIEG) was set up by the European Commission in June 2018 to explore this question. Recently it published its recommendations, both identifying regulatory obstacles […]

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Machine Learning Analysis of Big Data more effective for Credit Scoring

We’ve heard a lot about the potential of fintech to open up access to credit by using big data and alternative data sources to assess risk – but how do these techniques actually stack up when compared to traditional credit scoring? A recent working paper from the Bank for International Settlements (BIS) looks at transaction […]

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