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The growing market for financial technologies is greatly improving efficiencies for institutions. \u00a0Mark Carney, governor of the Bank of England and chair of the Financial Stability Board, notes that new entrants such as peer-to-peer lenders, payment service providers, and innovative trading platforms are bringing \u00a0new technologies to reinforce economies of scale. \u00a0Carney discusses the risks that come with new underwriting models causing a change to credit quality and macroeconomic dynamics. \u00a0Fintech is able to capture new types of data. \u00a0For example, as customers rely more and more on machines, they are able to gain the best rates possible. \u00a0The new technologies are used to improve credit underwriting, create better matches between products and customers, and grow peer-to-peer lending. \u00a0Of course with the increase in technology comes an increase in privacy issues and the handling of customer information.<\/p>\n
https:\/\/www.cryptocoinsnews.com\/bank-of-england-governor-fintech-brings-great-promise-and-risks\/<\/p>\n
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The growing market for financial technologies is greatly improving efficiencies for institutions. \u00a0Mark Carney, governor of the Bank of England and chair of the Financial Stability Board, notes that new entrants such as peer-to-peer lenders, payment service providers, and innovative trading platforms are bringing \u00a0new technologies to reinforce economies of scale. \u00a0Carney discusses the … Continue reading The Benefits and Risks of Fintech<\/span><\/a><\/p>\n","protected":false},"author":1885,"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-574","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"bsipiora","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/bsipiora\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":" The growing market for financial technologies is greatly improving efficiencies for institutions. \u00a0Mark Carney, governor of the Bank of England and chair of the Financial Stability Board, notes that new entrants such as peer-to-peer lenders, payment service providers, and innovative trading platforms are bringing \u00a0new technologies to reinforce economies of scale. \u00a0Carney discusses the…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/574","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\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=574"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/574\/revisions"}],"predecessor-version":[{"id":584,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/574\/revisions\/584"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}