Following on from an enquiry and explanation into the essence of the question at hand, this project delves into exploring the nature of Fintech and its rise. This project opens, from the offset, a deep and riveting consideration of this question of Fintech not only being a scrutinization of its tangible impacts – but rather, a question with much more metaphysical bearing.
The cultural, societal and technological impacts of Fintech are deemed pivotal components of this project, and as this paper ventures into the heart of the literature review – decades of scholarly and non-scholarly items of research are synthesised, critiqued and questioned - drawn to reason the impact that Fintech has historically manifest over the course of the previous 150 years – opening the argument that previous and proven trends in Fintech can be indicatively utilised to project possibilities for future movements in this industry. Transitioning the focus of the project from the historical to the present; the current and most novel developments in Fintech are correspondingly explored. We explore the impacts of three pivotal counterparts of today’s Fintech movements; including Algorithmic Technologies, Artificial Intelligence (AI) and Technological Products, and fashions these explorations in, both, commercial and corporate banking contexts. Strengthening arguments discovered over the course of the review in literature lead us to discover the sheer extent to which each aspect of Fintech had its progressive peaks and regressive troughs. This approach to the review of literature is sustained, as an enquiry and synthesis of informative sources is continued into the context of analysing the impacts of Fintech on the layman, as well as a breakdown of theories indicating the future of Fintech.
It is with this very metaphysical rationale that the conclusion of this project’s findings takes place. This project defines that Fintech is most definitely a progression, if not, a quintessential progression. However, its most novel developments have been castigated by a hindrance of regression that lies innate to all revolutions in history: the eventuality of cultural and industrial opposition. With this in mind, it becomes a question of our own attitudes and response to these regressions: as the industry follows a constant process of adapting to our changing needs, it is important that we, too, adapt to the ever-dynamic outcomes of Fintech.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The Nature of Fintech and its Rise
- Literature Review
- Historical Roles of Fintech and its Evolution
- The Present Role of Fintech
- Algorithmic Technology in the Financial Markets
- Artificial Intelligence in Corporate/Commercial Banking
- Technology in Corporate/Commercial Banking
- The Effects of Fintech on the Layman
- Theories Indicating the Future of Fintech
- Catching Up and the Production Models
- Discussion
- To what extent is Fintech a ‘Regressive Progression’?
- Historical Patterns Indicating Progressive and Regressive Traits
- Present Patterns Indicating Progressive and Regressive Traits
- Progressive and Regressive Tendencies Within Algorithmic Intervention
- Progressive and Regressive Tendencies Within Artificial Intelligence in Finance
- Technologically Innovative Endeavours and their Progressive and Regressive Natures
- Is Central Governance The Answer To Mitigating Regression?
- The Essence of this Discussion; What Does The Answer Involve?
- Conclusion
- The Final Verdict
- Suggestive Considerations for The Future
- Evaluation
- Bibliography
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This project aims to analyze the nature of Fintech and its rise, specifically exploring the controversial concept of Fintech being a "regressive progression." It delves into the historical, cultural, societal, and technological impacts of Fintech, examining both its progressive and regressive aspects. The project also considers the potential implications of central governance on Fintech development.
- The nature and evolution of Fintech
- The impact of Fintech on financial markets and institutions
- The interplay between progress and regression in Fintech development
- The role of technology, specifically algorithmic technologies, artificial intelligence, and innovative products, in shaping the Fintech landscape
- The implications of central governance on the future of Fintech
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction lays out the context for this project, emphasizing the disruptive nature of Fintech and the ongoing debate regarding its positive and negative impacts. It introduces the concept of Fintech as a "regressive progression" and highlights the need for a balanced analysis of its historical, present, and future implications.
The chapter titled "The Nature of Fintech and its Rise" delves into the fundamental essence of Fintech, tracing its roots to the desire for technological change in the financial world. It examines the evolutionary nature of Fintech, suggesting that each new development builds upon previous advancements, always striving for greater efficiency.
The chapters on "Historical Roles of Fintech and its Evolution" and "The Present Role of Fintech" explore the historical and contemporary developments in Fintech. They delve into the influence of algorithmic technologies, artificial intelligence, and innovative products on the financial landscape, providing a comprehensive overview of Fintech's evolution.
The chapter "The Effects of Fintech on the Layman" focuses on the impact of Fintech on individuals and society at large. It examines the potential benefits and drawbacks of Fintech for the average person, exploring the societal implications of these technological advancements.
The chapter "Theories Indicating the Future of Fintech" examines various theories and perspectives on the future of Fintech. It discusses potential trends and developments in the industry, including the role of catch-up mechanisms and production models.
The discussion chapter delves into the central question of whether Fintech is a "regressive progression." It analyzes historical patterns and current trends to understand the interplay of progress and regression in Fintech development. The chapter also explores the potential role of central governance in mitigating regression.
Schlüsselwörter (Keywords)
The main keywords and focus topics of this project are: Fintech, financial technology, regressive progression, technological change, algorithmic technologies, artificial intelligence, innovative products, central governance, financial markets, banking, societal impact, evolution, progress, regression, and future trends.
- Quote paper
- Anonym (Author), 2020, The Rise of Fintech. A Regressive Progression?, Munich, GRIN Verlag, https://www.grin.com/document/946773
