Emergence of FinTech and the LASIC Principles

29 Pages Posted: 8 Dec 2017

See all articles by David Lee Kuo Chuen

David Lee Kuo Chuen

Singapore University of Social Sciences (SUSS)

Ernie G. S. Teo

NUS Business School

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Date Written: November 7, 2015


Financial technology (FinTech) has been receiving much attention lately. And, although the development of FinTech is still in early stages, many believe that it will define and shape the future of the financial services industry, and at the same time, increase participation by those who have until recently been under- or unserved. Given the intense competition, however, success in this space will not be easy, and various factors, both internal and external, will play key roles in identifying those that will be successful. In this article, we identify some of these factors, which we term the LASIC (low margin, asset light, scalable, innovative and compliance easy) principles. FinTech companies could benefit from applying some of the ideas presented in this article to their businesses.

Suggested Citation

Kuo Chuen, David Lee and Teo, Ernie G. S., Emergence of FinTech and the LASIC Principles (November 7, 2015). Journal of Financial Perspectives, Vol. 3, No. 3, 2015. Available at SSRN: https://ssrn.com/abstract=3084048

David Lee Kuo Chuen (Contact Author)

Singapore University of Social Sciences (SUSS) ( email )

461 Clementi Road
Singapore, 599491

Ernie G. S. Teo

NUS Business School ( email )

15 Kent Ridge Drive

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