Contemporary issues in Financial Technology: the role of the Internet.

Abstract

[EN] This paper investigates contemporary issues in financial technology (fintech). These are classified into six broad areas covering (1) disruption, (2) digital payments, (3) decentralization, (4) artificial intelligence, (5) open finance, and (6) financial inclusion. They are then critiqued in the context of the role of the Internet in financial services. The development and ontology of fintech is discussed alongside the migration of financial services to the Internet. The discourse is supported by reference to the literature, as relates to the philosophical, academic, practical, and legal aspects of the issues. The papers contribution is in providing thoughtful insight into current events and trends, and six key questions which can help to deepen our understanding of fintech and the issues that surrounding it.