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The benefits and costs of fintech

In: Fintech

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Abstract

The perceived advantages of fintech stem from the observation that it can enhance the financial services industry in many ways: by providing a better customer experience, strengthening critical infrastructure components, boosting access to the financial system, realising efficiencies, and reducing costs for market participants and the investing public. For all of these benefits, however, fintech may also produce negative consequences, such as exacerbating cyber-security threats and amplifying third-party risks. The desirability of going all the way with fintech rests on a comparison of costs and benefits, which is also true of technology in general.

Suggested Citation

  • ., 2022. "The benefits and costs of fintech," Chapters, in: Fintech, chapter 5, pages 81-104, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21229_5
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    File URL: https://www.elgaronline.com/view/9781802206340.00012.xml
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    Cited by:

    1. Dana Adriana Lupșa-Tătaru & Eliza Nichifor & Lavinia Dovleac & Ioana Bianca Chițu & Raluca Dania Todor & Gabriel Brătucu, 2023. "Buy Now Pay Later—A Fad or a Reality? A Perspective on Electronic Commerce," Economies, MDPI, vol. 11(8), pages 1-20, August.

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    Economics and Finance; Law - Academic;

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