Lo sviluppo del FinTech Opportunità e rischi per l’industria finanziaria nell’era digitale

FinTech is a new part of the financial industry that is radically innovating the way financial
services are built and offered. In this paper we analyse the characteristics of FinTech, their activities and
the relative risks, highlighting analogies and differences with the activities performed by the financial
intermediaries and the financial markets that are subject to specific regulation. In general, the study
underlines the opportunity to pursue an effective balance between the urge to stimulate innovation and
competition in the financial markets to bring benefits to the customers, on the one hand, and the need to
ensure market stability both at micro and macro-level, transparency and fairness towards customers, as
well as prevention of illegal activities, on the other hand.
Additionally, the paper provides an overview of the main strategies that incumbents are
following in the new market conditions.