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About Future of Banking
This document analyzes how financial technology (FinTech) is transforming the consumer experience of financial services. It finds that 50% of global consumers now use FinTech services, which are particularly popular among younger, more tech-savvy demographics. FinTech expands access to services and increases competition, but also presents risks around data privacy, cybercrime, liability issues, and systemic financial stability. The document concludes that international financial consumer protection principles can help maximize FinTech's benefits for consumers while mitigating its risks.
Detailed Information
| Author: | ['Ore.A'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 38 |
| Language: | English |
| Format: | |
| Price: | FREE |
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