The future of fintech

SanjivR.Das is theWilliamandJaniceTerry Professorof Finance in theLeaveySchool ofBusiness at SantaClaraUniversity in SantaClara,CA. Abstract This article describes the growing field of financial technology (fintech) and the different financial paradigms and technologies that support it. Fintech is primarily a disintermediation force where disruptive technologies are the drivers. This framework discusses 10 primary areas in fintech comprising a taxonomy, which categorizes research in the field and also proposes a pedagogical structure. Pitfalls of fintech are also analyzed. Overall, the great strides made in computing technology, mathematics, statistics, psychology, econometrics, linguistics, cryptography, big data, and computer interfaces have combined to create an explosion of fintechs.

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