Fintech: A New Frontier in Finance

By Herbert Poenisch

February 2017 UTTER ECONOMICS
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The many sides of financial technology, and the risks involved.In the world of finance, there is a consensus that technology-driven change is inevitable, and that it brings with it massive potential for disruption.[1] Central banks and supervisory authorities meet internet challenges to their financial systems by communicating their intentions to the public on their websites.Most of them have set up dedicated units for monitoring developments. [2] Among the leading ones in Asia are the Peoples’ Bank of China (PBC), the...

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Herbert Poenisch

is a retired senior economist at the Bank for International Settlements.

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