Regulatory Revolution and New Competition in the European Union Payments Industry
Regulatory Revolution and New Competition in the European Union Payments Industry

Author: Rory Copeland

Publisher:

Published: 2018

Total Pages: 8

ISBN-13:

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This article explains, with reference to the UK banking industry, the core problems that exist in the traditional banking system and charts the increasing adoption by consumers of alternative technologies employing e-money and PISPs, which can compete with traditional banks because of PSD2. It outlines how these alternative technologies have avoided the problems experienced by traditional banks and, informed by the effects of similar regulatory changes in the USA and China, anticipates how the consumer experience will change with increased competition for a share of the payments industry. Finally, based on evidence from the Chinese market, it argues that innovative financial technology start-ups and competitors entering the market from other data-heavy, consumer-orientated industries will be ideally placed to take advantage of the EU regulatory changes and challenge the dominance of traditional banks in the payments industry.

Disrupting Finance
Disrupting Finance

Author: Theo Lynn

Publisher: Springer

Published: 2018-12-06

Total Pages: 194

ISBN-13: 3030023303

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This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.

Law and Human Genetics
Law and Human Genetics

Author: Roger Brownsword

Publisher: Bloomsbury Publishing

Published: 1998-12-01

Total Pages: 186

ISBN-13: 1847312969

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As developments in human genetics proceed apace,the regulation of genetic research and its applications is set to represent one of the major legal challenges of the next century. At every turn - in the fields of medicine and commerce, in insurance and employment, in the family and even in the criminal justice system - advances in human genetics threaten to transform our understanding of ourselves and the basis upon which we relate to one another. This special issue of the Modern Law Review addresses a range of key issues - conceptual, ethical, political and practical - arising from the regulatory challenge confronting the law in the face of the genetic revolution.

Influence of FinTech on Management Transformation
Influence of FinTech on Management Transformation

Author: Sghari, Amira

Publisher: IGI Global

Published: 2020-11-27

Total Pages: 273

ISBN-13: 1799871126

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Digital financial services are starting to become increasingly popular with consumers, thereby fostering a favorable climate for digital entrepreneurship: mobile payment, Blockchain, etc. Research trying to understand and explain this phenomenon focuses on FinTech. Some scholars regard “FinTech” as financial innovations that upset the market while others view them as startups, based on financial innovations, that have changed the ecosystem. There are many open-ended questions about FinTech’s business models, how it relates to blockchain, and whether this is a collaborative relationship between traditional financial players or a competitive relationship. Noting the lack of research work on these themes, this book attempts to shed light on this area to bridge the gap between the discourse of practitioners and the literature. Influence of FinTech on Management Transformation is an innovative reference book that defines FinTech and its ecosystem as well as concepts in relation to management transformations caused by FinTech and shares new theoretical and empirical frameworks, useful experiences, and best practices to deal with new technological changes. The chapters are divided into three interrelated sections: “Insights From the Blockchain Technology”; “Managerial and Cultural Transformations in the Era of FinTech”; and “Empirical Experiences and Applications.” This book is a valuable reference tool for financial planners/advisors, managers, accountants, financial analysts, compliance experts, practitioners, researchers, academicians, and students interested in the influence of FinTech on management transformation.

Doing Business 2019
Doing Business 2019

Author: World Bank

Publisher: World Bank Publications

Published: 2018-11-30

Total Pages: 236

ISBN-13: 1464813388

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Sixteenth in a series of annual reports comparing business regulation in 190 economies, Doing Business 2019 measures aspects of regulation affecting areas of everyday business activity.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Payment System
The Payment System

Author: Tom Kokkola

Publisher:

Published: 2010

Total Pages: 369

ISBN-13: 9789289906333

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"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).

Europe's Digital Revolution
Europe's Digital Revolution

Author: David Levy

Publisher: Routledge

Published: 2003-09-02

Total Pages: 228

ISBN-13: 1134547080

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Europe's Digital Revolution assesses the impact of digital broadcasting on regulatory practices in Europe. The current roles and responsibilities of nation states and the EU will have to respond to rapid technological and market developments. Levy considers how these responsibilities are likely to be divided in the future, and which are the emerging issues and problems.

The Regulatory Aftermath of the Global Financial Crisis
The Regulatory Aftermath of the Global Financial Crisis

Author: Eilís Ferran

Publisher: Cambridge University Press

Published: 2012-11-15

Total Pages: 433

ISBN-13: 1139851780

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The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd–Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.