What the Article Says:<\/p>\n
This article discusses Fintech and how it\u2019s growth effects businesses and consumers of England. As the technologies emerge and flourish to produce better-targeted services with lower pricing, banks are taking advantage of \u201clower transaction costs, improved capital efficiency and stronger operational resilience.\u201d When discussing its tangible benefits, the article honed in on the specific case of mobile banking. While the government must be aware of the numerous potential risks, mobile banking is becoming more flexible for businesses and consumers. Peer-to-peer lending is expanding, wholesale banking is shifting to order-driven trading, and the technologies are improving efficiency, accuracy, and security of mobile banking processes.<\/p>\n
My Thoughts:<\/p>\n
I think this article takes a good, unbiased approach on analyzing Fintech in England. Rather than focusing solely on the positive effects that most people see, it brings about major questions for people to consider, such as \u201cWhat implications are there for the aggregate level of operational and cyber risk in the financial system?\u201d These are questions that regulators have to address, as there are several potential fraud and privacy threats when it comes to fintech such as mobile banking.<\/p>\n
Source:\u00a0https:\/\/www.cryptocoinsnews.com\/bank-of-england-governor-fintech-brings-great-promise-and-risks\/<\/p>\n","protected":false},"excerpt":{"rendered":"
What the Article Says: This article discusses Fintech and how it\u2019s growth effects businesses and consumers of England. As the technologies emerge and flourish to produce better-targeted services with lower pricing, banks are taking advantage of \u201clower transaction costs, improved capital efficiency and stronger operational resilience.\u201d When discussing its tangible benefits, the article honed in … Continue reading Bank of England Governor: Fintech Brings Great Promise and Risks<\/span><\/a><\/p>\n","protected":false},"author":1806,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-484","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"psingh2","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/psingh2\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"What the Article Says: This article discusses Fintech and how it\u2019s growth effects businesses and consumers of England. As the technologies emerge and flourish to produce better-targeted services with lower pricing, banks are taking advantage of \u201clower transaction costs, improved capital efficiency and stronger operational resilience.\u201d When discussing its tangible benefits, the article honed in…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1806"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=484"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/484\/revisions"}],"predecessor-version":[{"id":595,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/484\/revisions\/595"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}