Abstract
The paper deals with the issues of main directions, challenges and threats of development of the newest financial technologies—FinTech, RegTech and traditional financial intermediation. The authors analyze modern ecosystem and Fintech’s global trends, their influence on the transformation of principles, models and emergence of new threats of traditional financial intermediation. The trends of FinTech distribution in Ukraine are considered. The areas of activity of traditional financial intermediaries, which require the use of the latest technological tools, the possible effects of the influence of modern regulatory standards on the banking sphere are studied. The authors describe features of RegTech application for improvement financial intermediaries risk management systems, usage of innovative regulatory technology tools that can enhance the quality and efficiency of financial institutions compliance systems as a prerequisite for increasing the protection of depositors, creditors and investors interests. New opportunities for cooperation between traditional financial intermediaries and RegTech companies are examined. Post-crisis world-view changes in the formulation of targets for the use of financial innovations and FinTech are substantiated. The spectrum of potential financial stability risks posed by FinTech, which requires systematic monitoring by entities providing financial stability, is determined.
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Pantielieieva, N., Khutorna, M., Lytvynenko, O., Potapenko, L. (2020). FinTech, RegTech and Traditional Financial Intermediation: Trends and Threats for Financial Stability. In: Ageyev, D., Radivilova, T., Kryvinska, N. (eds) Data-Centric Business and Applications. Lecture Notes on Data Engineering and Communications Technologies, vol 42. Springer, Cham. https://doi.org/10.1007/978-3-030-35649-1_1
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