The Fintech Challenge

Digital disruption and innovation have been  transforming  financial services in recent years and will do so in the coming years. New digital technologies automate a wide range of financial activities and may provide new and more cost-effective products in parts of the financial sector,  (lending, asset management, portfolio advice, the payment system).The fintech sector is still small in comparison to the size of financially intermediated assets and capital markets, and still has a different impact in the various part of the world.  The result of the application of the new techniques could be lower costs of financial intermediation and improved products for consumers. The most disruptive innovation has been the  blockchain which is the technology which enables cryptocurrency. Blockchain is considered a type of next generation business process improvement software. Blockchain is  a digital, decentralized ledger that keeps a record of all transactions that take place across a peer-to-peer network which  allows market participants to transfer assets across the Internet without the need for a centralized third party. Financial institutions are exploring how they could also use blockchain technology to upend everything from clearing and settlement to insurance.


Carol Alexander
University of Sussex
Marco Bianchetti
Università di Bologna
Helyette Geman
Birkbeck University of London, UK
Paolo Giudici
University of Pavia
Emiliano Laruccia
Eurizon Capital
Sergio Sorrentino
Banco BPM
Marti G. Subrahmanyam
Stern School of Business, NY