Regulatory Response to the Rise of Fintech Credit in The Netherlands

Huibers, Fred

doi:10.3390/jrfm14080368

Cited by 7 publications

(3 citation statements)

References 23 publications

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“…For instance, Katsiampa et al stated that the effectiveness of the fintech lending system should primarily take financial performance risks into account. In addition, Huibers ( 2021 ) highlighted the significance of regulation risk in this framework. It is determined that country-specific legal regulations should be considered in the design of this system.…”

Section: Discussionmentioning

confidence: 99%

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A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects

Wan

Miao

Wang³

et al. 2023

Financ Innov

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In the last decade, the risk evaluation and the investment decision are among the most prominent issues of efficient project management. Especially, the innovative financial sources could have some specific risk appetite due to the increasing return of investment. Hence, it is important to uncover the risk factors of fintech investments and investigate the possible impacts with an integrated approach to the strategic priorities of fintech lending. Accordingly, this study aims to analyze a unique risk set and the strategic priorities of fintech lending for clean energy projects. The most important contributions to the literature can be listed as to construct an impact-direction map of risk-based strategic priorities for fintech lending in clean energy projects and to measure the possible influences by using a hybrid decision making system with golden cut and bipolar q-rung orthopair fuzzy sets. The extension of multi stepwise weight assessment ratio analysis (M-SWARA) is applied for weighting the risk factors of fintech lending. The extension of elimination and choice translating reality (ELECTRE) is employed for constructing and ranking the risk-based strategic priorities for clean energy projects. In this process, data is obtained with the evaluation of three different decision makers. The main superiority of the proposed model by comparing with the previous models in the literature is that significant improvements are made to the classical SWARA method so that a new technique is created with the name of M-SWARA. Hence, the causality analysis between the criteria can also be performed in this proposed model. The findings demonstrate that security is the most critical risk factor for fintech lending system. Moreover, volume is found as the most critical risk-based strategy for fintech lending. In this context, fintech companies need to take some precautions to effectively manage the security risk. For this purpose, the main risks to information technologies need to be clearly identified. Next, control steps should be put for these risks to be managed properly. Furthermore, it has been determined that the most appropriate strategy to increase the success of the fintech lending system is to increase the number of financiers integrated into the system. Within this framework, the platform should be secure and profitable to persuade financiers.

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Section: Discussionmentioning

confidence: 99%

“…To achieve this objective, fintech companies should primarily consider regulatory risks. Huibers ( 2021 ) examined the fintech credit system in the Netherland and pointed out that necessary actions should be taken regarding the regulation risks for the success of this system.…”

Section: Literature For Risks In Fintech Lendingmentioning

confidence: 99%

A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects

Wan

Miao

Wang³

et al. 2023

Financ Innov

View full text Add to dashboard Cite

show abstract

“…In the banking industry, challenges such as cybersecurity risks, regulatory issues, and lack of customer trust are major obstacles to Fintech adoption (Alexandri et al, 2023). The rise of Fintech-driven business models in banking also presents a challenge for financial regulators (Huibers, 2021). Moreover, the adoption of Fintech solutions may lead to increased compliance risks, exacerbating information asymmetry (Ng et al, 2022).…”

Section: Challenges and Opportunities In Fintech Adoption By Conventi...mentioning

confidence: 99%

Fintech and the Future of Banking: Collaboration and Innovation for Better Financial Services

Khuan

2024

DEMAND

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Collaboration between fintech companies and traditional banks is important for the evolution of the financial industry. Factors influencing fintech adoption by conventional banks include organizational culture, management attitudes and leadership. Understanding these factors is important for banks to remain competitive. Challenges to adoption include regulatory uncertainty, resource limitations, and data security issues, while opportunities include increased operational efficiency and greater consumer engagement. Factors influencing adoption also include technology sustainability, IT infrastructure, financial capabilities, human resources, government regulations, market changes, consumer behavior, industry competition, and strategic partnerships. Overcoming challenges such as cyber security risks and regulatory barriers, as well as capitalizing on opportunities through strategic partnerships and understanding consumer behavior, can drive successful fintech adoption for traditional banks.

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Risks, Regulations, and Impacts of FinTech Adoption on Commercial Banks in the United States and Canada: A Comparative Analysis

Kalai,

Toukabri

2024

Thunderbird Intl Bus Rev

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The growth of FinTech has increasingly attracted the attention of financial industry players. The speed and complexity with which new financial technologies have spread around the world have created regulatory challenges for the United States and Canadian authorities. Unlike the United States, where there is regulatory fragmentation and a supervisory instrument with regulatory relief, Canada has a more integrated regulatory approach managed by regulatory sandbox principles. The aim of this article is to study and compare the impact of FinTech adoption on commercial banks over the 2018–2023 period in the United States and Canadian FinTech ecosystems. The results essentially show that FinTech has a positive impact on commercial banks' performance and financial growth, and a negative impact on liquidity and financial risk. Our results present several contributions and mainly show that: (1) In the presence of multiple entry channels for FinTech startups, the impact of FinTech on financial performance is higher in the United States than in Canada. (2) Because of its regulatory approach, Canada lags behind the United States in the adoption rate of financial technologies. (3) Balance of power in the financial sector induces commercial banks not to consider FinTech startups as threats but rather as partners that offer opportunities for expertise and reduced regulatory costs. Finally, FinTech can be disruptive and presents many challenges for regulators given the complexity and speed of innovation it promotes.

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Regulatory Response to the Rise of Fintech Credit in The Netherlands

Cited by 7 publications

References 23 publications

A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects

A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects

Fintech and the Future of Banking: Collaboration and Innovation for Better Financial Services

Risks, Regulations, and Impacts of FinTech Adoption on Commercial Banks in the United States and Canada: A Comparative Analysis

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