Tech meets finance by Iñaki Aldasoro, Jon Frost, Vatsala Shreeti published by Frontiers of Finance (9/2025).
“Fintech companies will compete against, and cooperate with, traditional banks; public policy must provide Direction
Digital innovation often starts with a radi cal idea. It can be a new way to store and process information, a new business model, or a new service. But the idea is just the start: Realizing the benefits of innovation requires hard work, sufficient invest ment, and user adoption.
Disruptive innovation has been the name of the game in the financial sector over the past decade. New financial technology (fintech) firms have emerged, large digital platforms (big techs) are offering payment services and credit, crypto assets and stablecoins are growing in value, and many institutions are adopting artificial intelli gence. Each of these is challenging traditional f inancial intermediaries, like banks, insurers, and asset managers, and the services that they provide (Ben Naceur and others 2023)…”