Opportunities and Constraints of Fintech in Financial Services
- By Esther Asiedu1
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View Affiliations Hide Affiliations1 Department of Management Studies, Business School, Ghana Communication Technology University, Ghana
- Source: Navigating the Fintech Frontier Transformative Innovations and Risk Factors in Financial Services , pp 1-9
- Publication Date: April 2025
- Language: English
Opportunities and Constraints of Fintech in Financial Services, Page 1 of 1
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Financial Technologies (Fintech) are used to define a number of new business models and technological advances that have the potential to alter the financial services sector. Hence, the goal of this chapter is to provide a complete overview of the new opportunities and potential constraints that FinTech presents to the financial services industry. Through FinTech, issuers, investors, and intermediaries interact, investigate, connect, share, engage, crowdsource, cooperate, and trade in methods that are fundamentally different from the past, ultimately disrupting the banking sector. The numerous barriers to FinTech include: compliance with antimoney laundering measures; market share competition (strategic risk); full trust; increasingly high expectations; regulatory; risks to the operation; security; and ethical questions.
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