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18 - The New SIFIs

FinTech, TechFin, Scale, and Connectivity

from Part IV - From FinTech to TechFin to BigTech to FinTech 4.0

Published online by Cambridge University Press:  09 November 2023

Ross P. Buckley
Affiliation:
University of New South Wales, Sydney
Douglas W. Arner
Affiliation:
The University of Hong Kong
Dirk A. Zetzsche
Affiliation:
Université du Luxembourg
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Summary

In addition to cybersecurity, the digitisation and datafication of finance at the centre of FinTech raise a range of data-related risks, in particular to data security and privacy (the focus of Chapter 17) and also from concentration and the emergence of new Systemically Important Financial Institutions (SIFIs) in the form of digital finance platforms, TechFins and BigTechs. These new entrants bring with them a range of regulatory challenges we analyse here.

Type
Chapter
Information
FinTech
Finance, Technology and Regulation
, pp. 283 - 296
Publisher: Cambridge University Press
Print publication year: 2023

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