Fintech and the Future of Finance

14 Pages Posted: 22 Aug 2017 Last revised: 29 Aug 2017

See all articles by James Guild

James Guild

Nanyang Technological University (NTU)

Date Written: August 18, 2017


The application of technological innovations to the finance industry (Fintech) has been attracting tens of billions of dollars in venture capital in recent years. Examples of Fintech innovations include digital cash transfer services in Kenya and India, and peer-to-peer lending platforms in China. These services, when developed in tandem with complementary government policies and regulatory frameworks, have the potential to expand financial services to hundreds of millions of people currently lacking access and to break new ground on the way finance is conducted. This is important because sustainable economic growth is strongly linked with financial inclusion. The successful adoption of Fintech to increase financial inclusion is highly dependent on competent regulatory oversight. By examining varying degrees of success in the adoption of Fintech services in Kenya, India and China this paper argues that adopting a responsive regulatory approach, rather than an overly interventionist one, is the most suitable framework for boosting financial inclusion through technological innovation.

Keywords: Fintech, regulation, finance, policy, technology

Suggested Citation

Guild, James, Fintech and the Future of Finance (August 18, 2017). Asian Journal of Public Affairs, 2017 , Lee Kuan Yew School of Public Policy Research Paper No. 17-20, Available at SSRN:

James Guild (Contact Author)

Nanyang Technological University (NTU) ( email )

S3 B2-A28 Nanyang Avenue
Singapore, 639798

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