Fintech – Background

Introduction to Fintech, Kaila, in Finnish (reading time 20 minutes)
Artificial Intelligence and Financial Services, Kaila (reading time 15 minutes)

World Economy Forum Fintech report, 2017 

Different fields in Fintech

  • Payments (mobile payment (developed countries, developing countries), on-line platforms and big tech companies, PSD2-regulation (bank and customer interface should be opened to third party service providers by 2018)
  • Insurance (big data – better risk estimation; platforms and economies of scale)
  • Digital Banking
  • Lending (Peer2Peer, risk assessment and customization with big data)
  • Investment Management (artificial intelligence AI, machine learning; platforms)
  • Equity Crowdfunding
  • Market Infrastructure (e-platforms)
  • Cryptocurrencies

New regulation

PSD2, Payment Services Directive 2
MIFID II, Markets in Financial Instruments Directive
GDPR, General Data Protection Regulation

Articles and essays

Kuka vie ja ketä? Pankit alustatalouden ristitulessa; Mattila, Seppälä, Lähteenmäki 9.2018

Elias Peterzens, Bachelor’s Thesis 2017: Euroopan unionin maksupalveludirektiivi PSD2 ja sen vaikutukset Euroopan rahoitussektoriin