Fintech and Payments Regulation

Innovation in Payments: The Future is Fintech

FinTech and cloud in banking

The use of technologies in financial services is not new. Financial institutions have, for a long time, been implementing technological solutions to support the provision of services to their customers and to ensure compliance with their regulatory obligations. They have also long relied on outsourcing arrangements with external service providers for the provision of technological solutions. Ho...

The Evolution and Regulation of the Payments System

I would like to begin by thanking the Melbourne Business School for organising this conference. For far too long, discussions about payment systems typically took place behind closed doors and were largely the preserve of specialists in fi nancial institutions. As this conference shows us, this is no longer the case, with payment systems posing challenging issues not just for the specialists, b...

FinTech in Taiwan: a case study of a Bank’s strategic planning for an investment in a FinTech company

Case description: This study used a case study investigation of a top-5 bank in Taiwan. The major data sources include the meeting notes of the FinTech investment task force and interviews with the team members. Co-opetition theory was adopted as the theoretical framework and interview questions were derived from the PARTS strategies in co-petition theory. The results relate to: (1) the strateg...

Consumer-Lending Discrimination in the FinTech Era∗

Loan officers may discriminate based on facial features. Algorithmic scoring may imply disparate impact due to the inappropriate use of big data by FinTech lenders. To investigate these discrimination channels, we estimate a treatment-based OaxacaBlinder decomposition based on the unique mortgage-default-risk setting of the GSEs. We find that lenders reject African-American and Hispanic applica...