The Evolution of Fintech: A Regulatory Approach Perspective

DOI

10.2991/aebmr.k.200321.029How to use a DOI?

Keywords

fintech, wait and see, test and learn, Piloting Project, Regulatory Sandbox

Abstract

There is a long historical timeline before the idiom of fintech becomes something as popular as we know today. Fintech includes any novelty innovation on any given space at any given time if it is considered to be revolutionary or disruptive enough to change the activities in the financial sector. This article will describe the evolutionary process of fintech from the perspectival approach of “trends” that financial regulators use to encounter incoming novelty innovations. The regulatory approach is a more tangible measurement tool because just like animals will adapt to environmental changes, regulators will also adjust to upcoming innovations. The transitional shift from the brick and mortar Laissez-Faire paradigm to the adaptation of various Piloting Projects and Regulatory Sandboxes across the globe are concrete shreds of evidence that regulatory approach can be used as a standard perimeter to determine and measure the developmental milestones of Fintech History

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Kukuh Setiawan
AU  - Nadia Maulisa
PY  - 2020
DA  - 2020/03/27
TI  - The Evolution of Fintech: A Regulatory Approach Perspective
BT  - Proceedings of the 3rd International Conference on Law and Governance (ICLAVE 2019)
PB  - Atlantis Press
SP  - 218
EP  - 225
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200321.029
DO  - 10.2991/aebmr.k.200321.029
ID  - Setiawan2020
ER  -