02348cas a2200289 a 4500 AALejournalIMF017976 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484322383 2617-6750 BD-DhAAL BD-DhAAL He, Dong. Fintech and Financial Services: Initial Considerations. Chinese Fintech and Financial Services : Initial Considerations / Dong He, Ross Leckow, Vikram Haksar, Tommaso Mancini Griffoli. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (49 pages) Staff Discussion Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech might provide solutions that respond to consumer needs for trust, security, privacy, and better services, change the competitive landscape, and affect regulation. It combines a broad discussion of trends across financial services with a focus on cross-border payments and especially the impact of distributed ledger technology. Overall, the paper finds that boundaries among different types of service providers are blurring; barriers to entry are changing; and improvements in cross-border payments are likely. It argues that regulatory authorities need to balance carefully efficiency and stability trade-offs in the face of rapid changes, and ensure that trust is maintained in an evolving financial system. It also highlights the importance of international cooperation. Mode of access: Internet Haksar, Vikram. Leckow, Ross. Mancini Griffoli, Tommaso. Staff Discussion Notes; Staff Discussion Notes ; No. 2017/005 Full text available on IMF http://elibrary.imf.org/view/journals/006/2017/005/006.2017.issue-005-zh.xml IMF e-Library