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1 results

  • 19 - The Challenge of Scale

  • from Part IV - From FinTech to TechFin to BigTech to FinTech 4.0
  • Ross P. Buckley, University of New South Wales, Sydney, Douglas W. Arner, The University of Hong Kong, Dirk A. Zetzsche, Université du Luxembourg
  • Book:
    FinTech
    Published online:
    09 November 2023
    Print publication:
    23 November 2023, pp 297-310

  • Summary

    The economies of scope and scale of finance combined with the network effects of data and technology create benefits and pose risks toccompetition within financial markets. The same FinTech economies that reduce costs and increase efficiencies often contribute to decreasing competition in FinTech market segments. This market concentration is at odds with key objectives of financial regulation, including market efficiency, investor/client protection, and systemic risk prevention, and may require regulators to intervene.