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Fintech/regtech

Fintech/regtech

“Fintech” describes an emerging financial services sector. The term first applied to the back-end of established consumer and trade financial institutions but has since been expanded to include any technological innovations in the financial sector, covering topics such as education, retail banking, investment and even crypto-currencies like bitcoin.

The term “regtech” was coined to describe the rise of technology specifically designed to meet regulatory mandates around the world.

Objective

Technology is a game changer in this respect. If you can apply digitalisation and automation to the regulatory process, they will greatly assist in providing robust, complete and reliable data in a timely and efficient way. Up until recently it simply was not feasible or viable to master the sheer amount of data created by millions of transactions each day.

In the era of Big Data technologies, however, computers and data storage facilities can comfortably handle terabytes of data flow. Despite the challenges posed by the recent waves of regulation, fintech and regtech have led to real progress by helping regulators manage the vast amount of data. We expect there to be even more progress in the future as regulators, market participants and market infrastructure providers continue to work closely together.

Fintech/regtech: the highlighted parts of the value chain are affected

FSB Report on FinTechs in the area of lending/financing

FinTech credit – that is, credit activity facilitated by electronic platforms such as peer-to-peer lenders – has generated significant interest in financial markets, among policymakers and from the broader public. Yet there is significant uncertainty as to how FinTech credit markets will develop and how they will affect the nature of credit provision and the traditional banking sector. The report considers the implications for financial stability should FinTech credit grow to account for a significant share of overall credit.

MEPs: EU should accelerate fintech development

Members of the economic and monetary affairs committee of the European Parliament want the EU to accelerate the development of the financial services industry enabled by new technologies (fintech). Their key priorities are cybersecurity, a level playing field for traditional companies and start-ups, and controlled experimentation with new technologies.

European Parliament adopted an own-initiative report on fintech

Europe

The resulting resolution on fintech and the influence of technology on the future of the financial sector was adopted on 17 May 2017. New developments in the area of fintech are being welcomed and the Parliament calls on the Commission to present an action plan in this regard.

Federal Ministry of Finance founds fintech council

Quelle/Source: Bundesministerium der Finanzen

The “FinTechRat” will advise the ministry on digital financial technology topics, in particular IT developments and their potential as well as related risks and opportunities. Stefan Teis, Senior Vice President Group Business & Product Development at Deutsche Börse, is a volunteer member.

Legislature report: digitisation remains hot topic

Three years ago, the German federal government issued its “Digitale Agenda”, defining milestones in digital politics around the three primary objectives of growth and employment, access and participation as well as trust and security. The legislature report “Digitale Agenda” notes positive developments across all fields of activity. (German only)

ESMA report on distributed ledger technology

IT

The ESMA report assesses the potential of distributed ledger technology and how it may interact with EU rules.

ESAs launch public consultation on risks and benefits of Big Data

Trading infrastructure

The European Supervisory Authorities (ESAs) launched a public consultation on the potential risks and benefits of Big Data for consumers and financial firms, to determine whether any further regulatory or supervisory actions may be needed. The discussion paper asks whether the existing regulatory framework is sufficiently flexible to cover Big Data, has gaps which need to be filled and how it impacts the use of Big Data technologies. The consultation closes on 17 March 2017.

IOSCO analyses tech-driven change in the securities market industry

Person working

The new IOSCO report highlights the increasingly important intersection between financial technology (fintech) and securities market regulation, and describes the impact it has on investors and financial services.

Deutsche Börse FinTech Hub

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The FinTech Hub is an initiative to support the fintech community in Frankfurt and the Rhine-Main region. It connects start-ups by offering co-working spaces, consulting and networking services, and by providing a “hip” event location.

Deutsche Börse Venture Network: your place for growth

The Deutsche Börse Venture Network project helps to boost funding for young and fast-growing companies. It brings emerging, high-growth companies and investors together, giving them access to a powerful network of professional partners.

Clearstream: fintech initiatives

Clearstream

We actively support innovation in the area of fintech as it forms the basis for continuous upgrades to our cutting-edge systems.

DB1 Ventures: your corporate venture capital platform

DB1 Ventures has been established with the mission to invest in fintech enterprises strategic to the company. DB1 Ventures provides not only capital, but also expertise, guidance, and connectivity to its portfolio companies.

White Paper: Future of Fintech in Capital Markets

Future of fintech

This paper by Deutsche Börse Group and Celent shows how fintech offers new business opportunities for financial market infrastructure firms and how Deutsche Börse can raise its competencies to an even higher level.

New European Commission task force on fintech

Europe

This European Commission task force aims to assess and make the most of innovation in this area, while also developing strategies to address the potential challenges that fintech poses.

BMF: study on the German fintech market

Europe

The study, conducted on behalf of the Federal Ministry of Finance, quantifies the industry's market volume between 2007 and 2015 and also predicts the future development of eight sectors within the fintech market, offering detailed forecasts for the years 2020, 2025, and 2035.

Additional Information

Contact

Group Regulatory Strategy

+49-(0) 69-2 11-1 39 80

+49-(0) 69-2 11-1 39 81

regulatory.strategy@​deutsche-​boerse.com