Fintech – Background


Screen Shot 2018-03-14 at 8.18.05

Introduction to Fintech, Kaila, in Finnish (reading time 20 minutes)

Artificial Intelligence and Financial Services, Kaila (reading time 15 minutes)

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
Elias Peterzens, Bachelor’s Thesis: Euroopan unionin maksupalveludirektiivi PSD2 ja sen vaikutukset Euroopan rahoitussektoriin
MIFID II, Markets in Financial Instruments Directive
GDPR, General Data Protection Regulation


Tutorials in Youtube

Understand the Blockchain in Two Minutes
by Institute of the Future (IFTF), published on April 18, 2016, 2:25 minutes

Blockchain 101 – A Visual Demo
by Anders Brownworth, published on November 5, 2016, 17:50 minutes

World Economy Forum Fintech report from 2017