Fintech Regulation: The Need for a Research

Abstract

This article analyzes certain questions raised about the definition of ‘fintech’ and its fundamental elements, in order to highlight that the evolution of the European regulation (of the internal market for capitals, banking and financial services) suggests that the path will continue through the use of new technologies in banking and finance.

In this respect, we focused on the key economic drivers and technological mechanisms of the market based financing, taking into account the results of the recent researches on the shadow banking system. This preliminary research suggests that the efficiencies of fintech should be the rationale for the development of the intermediation processes.