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Fostering FinTech for financial transformation

September 16, 2021

Financial innovation has been a characteristic of thriving and efficient financial systems for centuries.  The latest wave of financial innovation related to digitalisation, however, has the potential to change the landscape of financial service providers quite dramatically, including with the rise of FinTech and BigTech companies disrupting the current structure of the financial system (Cornelli et al. 2020). This column introduces a new eBook from CEPR and the Korea Institute of Finance that takes stock of financial digitalisation over the past decade and applies global lessons to the regulatory debates in Korea (Beck and Park 2021). 
Download Fostering FinTech for Financial Transformation: The Case of South Korea here
Defining FinTech
There is no established and widely

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Fostering FinTech for Financial Transformation: The Case of South Korea

September 16, 2021

The recent wave of financial innovation related to digitalisation has the potential to change the landscape of financial service providers quite dramatically, including with the emergence of FinTechvand BigTech companies as major players in the financial system. The chapters in this eBook analyse the pattern and progress of financial digitalisation across the globe and across a number of different dimensions and draw conclusions for regulatory policies.

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Contents
IntroductionThorsten Beck and Yung Chul Park
Finance and technology: What is changing and what is notStephen G. Cecchetti and Kermit L. Schoenholtz
Digital technology and financial innovation: A literature surveyThorsten Beck

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