FinTech

Roberto Di Pietro; Simone Raponi; Maurantonio Caprolu; Stefano Cresci

doi:10.1007/978-3-030-60618-3_4

FinTech

Roberto Di Pietro, Simone Raponi, Maurantonio Caprolu, Stefano Cresci

Research output: Chapter in Book/Report/Conference proceeding › Chapter

2 Scopus citations

Abstract

Technology has, to different degrees, always been part of the financial world, starting from the 1950s with the introduction of credit cards and ATMs, passing through electronic trading floors and personal finance apps, until present days where technologies such as Artificial Intelligence (AI), High-Frequency Trading (HFT), and cryptocurrencies are widespread. The prominent role of technology in finance has become so important as to obtain a specific term to describe the intersection between the two—that is, FinTech. A portmanteau of “financial technology,” FinTech refers to the application of new technological advancements to products and services in the financial industry. The definition is rather broad and also encompasses “innovative ideas that improve financial service processes by proposing technological solutions according to different business situations, while the ideas could also lead to new business models or even new businesses.” Following the previous definitions, FinTech cannot be categorized as a brand new industry but rather as one that has evolved at an extremely rapid pace.

Original language	English (US)
Title of host publication	Advances in Information Security
Publisher	Springer
Pages	99-154
Number of pages	56
DOIs	https://doi.org/10.1007/978-3-030-60618-3_4
State	Published - Jan 1 2021
Externally published	Yes

ASJC Scopus subject areas

Information Systems
Computer Networks and Communications

Access to Document

10.1007/978-3-030-60618-3_4

Cite this

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title = "FinTech",

abstract = "Technology has, to different degrees, always been part of the financial world, starting from the 1950s with the introduction of credit cards and ATMs, passing through electronic trading floors and personal finance apps, until present days where technologies such as Artificial Intelligence (AI), High-Frequency Trading (HFT), and cryptocurrencies are widespread. The prominent role of technology in finance has become so important as to obtain a specific term to describe the intersection between the two—that is, FinTech. A portmanteau of “financial technology,” FinTech refers to the application of new technological advancements to products and services in the financial industry. The definition is rather broad and also encompasses “innovative ideas that improve financial service processes by proposing technological solutions according to different business situations, while the ideas could also lead to new business models or even new businesses.” Following the previous definitions, FinTech cannot be categorized as a brand new industry but rather as one that has evolved at an extremely rapid pace.",

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AU - Di Pietro, Roberto

AU - Raponi, Simone

AU - Caprolu, Maurantonio

AU - Cresci, Stefano

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PY - 2021/1/1

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N2 - Technology has, to different degrees, always been part of the financial world, starting from the 1950s with the introduction of credit cards and ATMs, passing through electronic trading floors and personal finance apps, until present days where technologies such as Artificial Intelligence (AI), High-Frequency Trading (HFT), and cryptocurrencies are widespread. The prominent role of technology in finance has become so important as to obtain a specific term to describe the intersection between the two—that is, FinTech. A portmanteau of “financial technology,” FinTech refers to the application of new technological advancements to products and services in the financial industry. The definition is rather broad and also encompasses “innovative ideas that improve financial service processes by proposing technological solutions according to different business situations, while the ideas could also lead to new business models or even new businesses.” Following the previous definitions, FinTech cannot be categorized as a brand new industry but rather as one that has evolved at an extremely rapid pace.

AB - Technology has, to different degrees, always been part of the financial world, starting from the 1950s with the introduction of credit cards and ATMs, passing through electronic trading floors and personal finance apps, until present days where technologies such as Artificial Intelligence (AI), High-Frequency Trading (HFT), and cryptocurrencies are widespread. The prominent role of technology in finance has become so important as to obtain a specific term to describe the intersection between the two—that is, FinTech. A portmanteau of “financial technology,” FinTech refers to the application of new technological advancements to products and services in the financial industry. The definition is rather broad and also encompasses “innovative ideas that improve financial service processes by proposing technological solutions according to different business situations, while the ideas could also lead to new business models or even new businesses.” Following the previous definitions, FinTech cannot be categorized as a brand new industry but rather as one that has evolved at an extremely rapid pace.

UR - https://link.springer.com/10.1007/978-3-030-60618-3_4

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BT - Advances in Information Security

PB - Springer

ER -

FinTech

Abstract

ASJC Scopus subject areas

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