FinTech: Finance, Technology and Regulation

Regulatory Ramblings

Episode 31 - Professor Dirk A. Zetzsche, University of Luxembourg (Topic/Chapter Guide is availabe)
Professor Dr. Dirk A. Zetzsche, holder of the ADA Chair in Financial Law (inclusive finance) at the University of Luxembourg, is also a co-author of the recently released book, FinTech: Finance, Technology and Regulation (LINK), published by Cambridge University Press, which he collaborated on with Professor Ross P. Buckley of the University of New South Wales - Sydney and Professor Douglas W. Arner of the University of Hong Kong.

In a market seemingly saturated with books on FinTech and cryptocurrencies, the authors of the above work offer a comprehensive, accessible reference for those seeking to understand the technological transformation of finance and the role of regulation: the world of FinTech. They consider FinTech technologies including artificial intelligence, blockchain, BigData, cloud computing, cryptocurrencies, central bank digital currencies, and distributed ledger technology, and provide a unique perspective on FinTech as an interactive system involving finance, technology, law, and regulation.
Starting with an evolutionary perspective, the authors then consider the major technologies transforming finance, arguing for approaches to balance the risks and challenges of innovation. They address the central role of infrastructure in digital financial transformation, highlighting lessons from China, India, and the EU, as well as the impact of pandemics and other sustainability crises, while considering the risks generated by FinTech. They conclude by offering forward-looking regulatory strategies to address the challenges facing our world today.
In this episode of Regulatory Ramblings (Topic Guide is available), Dr. Zetzsche talks to host Ajay Shamdasani about what compelled him and his co-authors to write the book, as well as the technological transformation of finance and the role of regulation. They conclude their discussion by fleshing out some of the book’s key conclusions in terms of suggested policy goals and forward-looking regulatory strategies to address the challenges facing today’s world. Simply put: banking and finance, technological innovation, and regulatory policy must move in tandem, the authors argue.

HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

Chapters

1. Interdisciplinary Perspectives on Fintech: Linking Technology, Finance, and Regulation for Sustainable Development (00:01:56)

2. Bridging the Fintech Knowledge Gap: A Comprehensive Approach for Regulators, Entrepreneurs, and the Public (00:03:58)

3. From General Concepts to Granular Perspectives: Navigating Fintech's Technological Landscape for Innovation and Regulation (00:06:56)

4. The Evolving Landscape of Fintech: From Embedded Services to Regulatory Challenges (00:11:27)

5. The Intersection of Fintech and Regtech: Speed, Compliance, and Effective Enforcement (00:17:00)

6. The Synergy of Regulatory Technologies and Fintech: Enhancing Money Laundering Controls (00:23:31)

7. The Changing Landscape of Academia: Integrating Fintech into Education and Research (00:26:09)

8. The Importance of Infrastructure in Fintech: Connecting Front-End Applications to the Financial System (00:28:33)

9. The Role of Fintech in Government-to-People Payments and Access to Financial Services (00:33:49)

10. Balancing Regulatory Requirements and Access: The Impact of the Pandemic on Fintech Regulation (00:36:31)

11. Regulatory Concerns in Fintech: AI, Technology Instability, Investor Protection, and Innovation (00:40:46)

12. The Importance of Regulation in Fintech for Financial Stability and Client Protection (00:46:16)

13. The Long-term Impact of Artificial Intelligence in Finance (00:50:38)

14. Key Principles for Effective Regulation in Finance and Fintech (00:53:20)

15. The Need for Cross-disciplinary Understanding and Balancing Innovation with Regulation (00:57:50)

16. The Interplay of Technology, Finance, and Regulation for Sustainable Development (01:02:26)