Financial Technologies and Law

Dr. Kutlay Telli

  • Keywords:
  • Digital payment systems, financial technologies, fintech, fintech law, electronic payment services.
  • Abstract:
  • One needs to bear in mind that technology-related improvements have been a hot topic over the past few years around the globe. Traditional financial services have been rendered more globally, more cheaply, more accessible, more easily and more quickly by virtue of digital service providers. In a nutshell, FinTech has been undergoing a major transformation that also directly changes our lives. It is a living phenomenon. Tech-owned payment systems revolutionize and reshape the whole financial environment all over the world. The main intention of this book is to present a comprehensive FinTech guidance to all interested parties, especially entrepreneurs, investors and competent national authorities. It is intended to clarify the changing nature and current structure of contactless payment systems. Although tech-driven models support the facilitation of economic growth and improvement of financial inclusion on the global scale, they give rise to severe hardships in terms of financial stability and integrity. This available research, thus, further offers comprehensive observations about emerging risks and challenges associated with the e-payment financial markets. It is displayed that multifaceted aspects of electronic payment phenomena raise a variety of regulatory needs together with proper supervision over FinTech. Most jurisdictions have already improved legislation for FinTech but there are certain emerging challenges. Additionally, this book focuses on an adequate synthesis of the articulation of FinTech regulations in the light of universal principles. The available research also contributes to identifying the outcomes of supervisory authorities’ intervention and the involvement of judicial institutions in the tech-driven improvement.
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Published
  • January 12, 2024
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Copyright
  • Copyright (c) 2024 Dr. Kutlay Telli
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This work is licensed under a Creative Commons Attribution 4.0 International License.