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Displaying results 1 to 21 of 21.

  1. Regulatory measures affecting services trade and investment
    financial services
    Published: 21 December 2018
    Publisher:  Philippine Institute for Development Studies, Quezon City, Philippines

    An efficient regulatory framework is a pre-requisite for developing a services market that supports competitiveness and offers opportunities for export diversification. Creating such a framework requires a comprehensive understanding of the laws,... more

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    An efficient regulatory framework is a pre-requisite for developing a services market that supports competitiveness and offers opportunities for export diversification. Creating such a framework requires a comprehensive understanding of the laws, regulations, and practices affecting trade and investment in services currently in place (Molinuevo and Saez, 2014). The importance of an efficient regulatory framework in the financial services sector especially needs to be highlighted, given its systemic importance which makes it one of the most highly regulated sectors in the economy. The objective of this study is to foster the development of the Philippines' financial services sector by strengthening the regulatory framework for trade and investment. Based on an assessment of laws and regulations affecting trade and investment in financial services, the study provides recommendations to reduce the regulatory burden in, while ensuring adequate regulation of, financial services trade and investment.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/211060
    Series: Discussion paper series / Philippine Institute for Development Studies ; no. 2018, 40 (December 2018)
    Subjects: financial services; trade; investment; regulations; regulatory barriers to competition; unnecessary regulatory burdens; financial inclusion; financial technology
    Scope: 1 Online-Ressource (circa 147 Seiten), Illustrationen
  2. Financial technologies and the effectiveness of monetary policy transmission
    Published: 2022
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change... more

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    This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results indicate that FinTech adoption generally mitigates monetary policy transmission to real GDP, consumer prices, bank loans, and housing prices, with the weakened transmission to bank loan growth being the most pronounced. The regulatory arbitrage and competition between FinTech and banks are the possible mechanisms underlying the mitigated transmission.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/260470
    Edition: This version: June 15, 2022
    Series: IWH discussion papers ; no. 26 (December 2020)
    Subjects: monetary policy; financial technology; interacted panel VAR
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  3. Promise not fulfilled
    FinTech, data privacy, and the GDPR
    Published: October 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This article analyzes how the General Data Protection Regulation (GDPR) has affected the privacy practices of FinTech firms. We study the content of 308 privacy statements respectively before and after the GDPR became binding. Using textual analysis... more

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    This article analyzes how the General Data Protection Regulation (GDPR) has affected the privacy practices of FinTech firms. We study the content of 308 privacy statements respectively before and after the GDPR became binding. Using textual analysis methods, we find that the readability of the privacy statements has decreased. The texts of privacy statements have become longer and use more standardized language, resulting in worse user comprehension. This calls into question whether the GDPR has achieved its original goal - the protection of natural persons regarding the processing of personal data. We also analyze the content of privacy statements and link it to company- and industry-specific determinants. Before the GDPR became binding, more external investors and a higher legal capital were related to a higher quantity of data processed and more transparency, but not thereafter. Finally, we document mimicking behavior among industry peers with regard to the data processed and transparency.

     

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    Language: English
    Media type: Book
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    hdl: 10419/248904
    Series: CESifo working paper ; no. 9359 (2021)
    Subjects: data privacy; FinTech; General Data Protection Regulation; privacy statement; textual analysis; financial technology
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  4. BigTech credit and monetary policy transmission
    micro-level evidence from China
    Published: [03. August 2022]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech loans tend to be smaller, and the BigTech bank... more

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    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech loans tend to be smaller, and the BigTech bank grants credit to more new borrowers compared with conventional banks in response to expansionary monetary policy. The BigTech bank‘s advantages in information, monitoring, and risk management are the potential mechanisms. The analysis also finds that BigTech and traditional bank credits to firms that have already borrowed from these banks respond similarly to changes in monetary policy. Overall, BigTech credit amplifies monetary policy transmission mainly through the extensive margin. In addition, monetary policy has a stronger impact on the real economy through BigTech lending than traditional bank loans.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/262724
    Series: IWH discussion papers ; 2022, no. 18 (August 2022)
    Subjects: bank lending; financial technology; monetary policy transmission
    Scope: 1 Online-Ressource (III, 37 Seiten, A1, 2,43 MB), Diagramme
  5. Regulating fintech
    objectives, principles, and practices
    Published: [2019]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    This paper starts by revisiting the true definition of money and identifies that electronic money is not a new concept. It explains the spectrum of money in the context of the past, present, and future and argues that technology can only enhance the... more

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    This paper starts by revisiting the true definition of money and identifies that electronic money is not a new concept. It explains the spectrum of money in the context of the past, present, and future and argues that technology can only enhance the way we deal with money and will never change the nature of money. The prospect of digital currency relies on innovation capacity, not only on central banks. The discussions propose that a central bank is similar to a welfare society, and demand for digitalization has always been present due to problems such as nano units and coverage. The author recommends tackling each digitization challenge sequentially and with a logical approach.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/222783
    Series: ADBI working paper series ; no. 1016 (October 2019)
    Subjects: fintech; financial technology; digital currency
    Scope: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  6. Regulating fintech for sustainable development in the People's Republic of China
    Published: [2019]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    The rapid rise of financial technology (fintech) in the People's Republic of China (PRC) inevitably generates financial risks. To prevent and resolve these risks, the government has regulated many fintech application areas, including peer-to-peer... more

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    The rapid rise of financial technology (fintech) in the People's Republic of China (PRC) inevitably generates financial risks. To prevent and resolve these risks, the government has regulated many fintech application areas, including peer-to-peer lending, third-party payment, cryptocurrency, etc. Additional measures such as financial standardization, infrastructure, and investor protection have also been strengthened to promote sustainable fintech development. The PRC is striking a balance between encouraging fintech innovation and reinforcing regulation. This study reviews both the PRC's regulations and supportive approaches.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/222790
    Series: ADBI working paper series ; no. 1023 (October 2019)
    Subjects: financial technology; fintech
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  7. Fintech development and regulatory frameworks in Indonesia
    Published: [2019]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    This paper showcases the growth as well as the challenging factors for fintech development in Indonesia. As the eighth-biggest economy in terms of gross domestic product, and with an internet participation ratio of more than 50% and more than 50... more

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    This paper showcases the growth as well as the challenging factors for fintech development in Indonesia. As the eighth-biggest economy in terms of gross domestic product, and with an internet participation ratio of more than 50% and more than 50 million micro, small, and medium-sized enterprises (MSMEs), the country shows huge potential for fintech. As of 2017, $1.62 million had been distributed through 11 local peer-to-peer (P2P) platforms. However, low financial inclusion and the big financing gap among MSMEs pose a huge challenge, which the government is trying to overcome. Ensuring financial literacy will be key. An example is Finansilaku, which is providing online literacy programs for the development of the next generation. Moreover, fintech companies such as Mekar are creating shared value as P2P lending platforms for women, with a similar philosophy as Grameen Bank. Finally, this paper also discusses customers' reluctance to use fintech products and examines how regulators have adopted strategies related to regulation strategy, frameworks, market supervision, and innovation.

     

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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/222781
    Series: ADBI working paper series ; no. 1014 (October 2019)
    Subjects: fintech; financial technology; Indonesia
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  8. Glimpses of the future
    data policy, artificial intelligence and robotisation as enablers of wellbeing and economic success in Finland

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    Contributor: Rousku, Kimmo (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523670211
    Other identifier:
    hdl: 10024/161675
    Series: Publications of the Ministry of Finance ; 2019, 39
    Subjects: digitalisation; artificial intelligence; robotisation; blockchains; digital security; trust; data policy; ethics; platform economy; ecosystem; financial technology
    Scope: 1 Online-Ressource (circa 110 Seiten), Illustrationen
  9. The matthew effect and modern finance
    on the nexus between wealth inequality, financial development and financial technology
    Published: 08 July 2020
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP15014
    Subjects: inequality; Financial Development; banks; financial technology; Fintech
    Scope: 1 Online-Ressource (circa 50 Seiten)
  10. The Matthew effect and modern finance
    on the nexus between wealth inequality, financial development and financial technology
    Published: [2020]
    Publisher:  Banca d'Italia, [Rom]

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    Language: English
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    Series: Questioni di economia e finanza / Banca d'Italia ; number 565 (June 2020)
    Subjects: inequality; financial development; banks; financial technology; fintech
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  11. Financial technologies and the effectiveness of monetary policy transmission
    Published: [08. Dezember 2020]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This study investigates whether and how financial technologies (FinTech) influencethe effectiveness of monetary policy transmission. We examine regional-level FinTech adoption and use an interacted panel vector autoregression model to... more

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    This study investigates whether and how financial technologies (FinTech) influencethe effectiveness of monetary policy transmission. We examine regional-level FinTech adoption and use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with FinTech adoption. The re-sults indicate that FinTech adoption generally enhances monetary policy transmis-sion to real GDP, bank loans, and housing prices, while the evidence of transmission to consumer prices is mixed. A subcategorical analysis shows that the enhanced effectiveness is the most pronounced in the adoption of FinTech payment, compared to that of insurance and credit.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/227100
    Series: IWH discussion papers ; 2020, no. 26 (December 2020)
    Subjects: monetary policy; financial technology; interacted panel VAR
    Scope: 1 Online-Ressource (III, 57, A14 Seiten, 5,21 MB), Diagramme
  12. Financial technologies and the effectiveness of monetary policy transmission
    Published: [2021]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This study investigates whether and how financial technologies (FinTech) influencethe effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change... more

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    This study investigates whether and how financial technologies (FinTech) influencethe effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results indicate that FinTech adoption generally mitigates monetary policy transmission to real GDP, consumer prices, bank loans, and housing prices. A subcategorical analysis shows that the muted transmission is the most pronounced in the adoption of FinTech payment and credit,compared to that of insurance. The regulatory arbitrage and competition between FinTech and banks are the possible mechanisms leading a mitigated monetary policy transmission.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/234596
    Edition: This version: June 9, 2021
    Series: IWH discussion papers ; no. 26 (December 2020)
    Subjects: monetary policy; financial technology; interacted panel VAR
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
    Notes:

    Datei wurde von der herausgebenden Institution entfernt

  13. Financial technologies and the effectiveness of monetary policy transmission
    Published: [2023?]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change... more

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    This study investigates whether and how financial technologies (FinTech) influence the effectiveness of monetary policy transmission. We use an interacted panel vector autoregression model to explore how the effects of monetary policy shocks change with regional-level FinTech adoption. Results indicate that FinTech adoption generally mitigates monetary policy transmission to real GDP, consumer prices, bank loans, and housing prices, with the weakened transmission to bank loan growth being the most pronounced. The relaxed financial constraint, regulatory arbitrage, and intensified competition are the possible mechanisms underlying the mitigated transmission.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270743
    Edition: This version: April 3, 2023
    Series: IWH discussion papers ; 2020, no. 26 (December 2020) [rev.]
    Subjects: monetary policy; financial technology; interacted panel VAR
    Scope: 1 Online-Ressource (III, 50, A11 Seiten, 2,15 MB), Diagramme
  14. BigTech credit and monetary policy transmission
    micro-level evidence from China
    Published: [2023?]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy transmission mainly... more

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    This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers compared with conventional banks in response to expansionary monetary policy. The BigTech bank‘s advantages in information, monitoring, and risk management are the potential mechanisms. In addition, monetary policy has a stronger impact on the real economy through BigTech lending.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/268460
    Edition: This version: 31.01.2023
    Series: IWH discussion papers ; 2022, no. 18 (August 2022) [rev.]
    Subjects: bank lending; financial technology; monetary policy transmission
    Scope: 1 Online-Ressource (III, 39 Seiten, Seite A1-A4, 0,88 MB), Diagramme
    Notes:

    Literaturverzeichnis: Seite 32-39

  15. Consumers' payment preferences and banking digitalisation in the euro area
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper contributes to understanding consumers' retail payment preferences and digitalisation in personal finances. We focus on the acceptance of cashless payments in everyday situations and the use of mobile banking apps in the euro area, where... more

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    This paper contributes to understanding consumers' retail payment preferences and digitalisation in personal finances. We focus on the acceptance of cashless payments in everyday situations and the use of mobile banking apps in the euro area, where the payment services market has changed significantly in recent years. In particular, we study app-based tools for day-to-day (offline) purchases that involve small amounts of money as well as digital tools for managing personal finances. By looking at factors associated with using non-cash payment methods, and app-based financial services solutions, we shed light on the topic of financial inclusion in payment services that concern consumers' everyday choices. Using granular microdata from the European Central Bank's Consumer Expectations Survey, we find that most people prefer to use only one payment instrument. After the COVID-19 pandemic, it has mostly been cash and contactless cards. The use of cash is partly due to limited perceived acceptance of non-cash payments by merchants. We also find substantial cross-country heterogeneity and highlight the prominent role of demographic factors in choosing non-cash payment options and app-based tools when managing personal finances. While mobile banking is already popular amongst euro area consumers, the use of smart payment methods remains very limited. Our findings suggest that financial service providers should recognize the growing preference of the younger generations for alternative payment methods. Creating awareness among consumers might also lead to positive feedback effects by reducing consumers' reliance on cash through higher perceived availability of non-cash payment options.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289963954
    Other identifier:
    hdl: 10419/297355
    Series: Working paper series / European Central Bank ; no 2915
    Subjects: Payment Preferences; Cash; FinTech; Digitalisation; Consumer Expectations Survey (CES); consumer behaviour; euro area; payment; digitisation; banking; financial technology; econometrics
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  16. Digital finance in the EU
    drivers, risks, opportunities
    Contributor: Beck, Thorsten (HerausgeberIn); Giani, Leonardo (HerausgeberIn); Sciascia, Giuseppe (HerausgeberIn)
    Published: [2023]
    Publisher:  European University Institute, San Domenico di Fiesole (FI), Italy

    This e-book contains contributions on some of the main topics covered in the training activities which took place during the first academic year of the EU Supervisory Digital Finance Academy (EU-SDFA), either at the European University Institute... more

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    This e-book contains contributions on some of the main topics covered in the training activities which took place during the first academic year of the EU Supervisory Digital Finance Academy (EU-SDFA), either at the European University Institute (EUI) or in workshops hosted by the European Supervisory Authorities (ESAs). The EU-SDFA is a technical support project launched by the European Commission (DG REFORM) in October 2022, in cooperation with DG FISMA, the ESAs and the Florence School of Banking and Finance (Robert Schuman Centre, EUI). The e-book consists of twelve contributions from different authors grouped in three broad areas: overview of the main initiatives taken at European Union level and the challenges and perspectives from a global viewpoint; the main technologies and drivers of digital finance; the main risks and opportunities involved in digital finance. The e-book is intended to enable past and future EU-SDFA participants to complement their learning experiences, while also providing valuable documents to readers interested to get an understanding of the interplay between digital finance and supervision.

     

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    Source: Union catalogues
    Contributor: Beck, Thorsten (HerausgeberIn); Giani, Leonardo (HerausgeberIn); Sciascia, Giuseppe (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789294664907
    Other identifier:
    hdl: 1814/76429
    Subjects: Finanzdienstleistung; Digitalisierung; EU-Staaten; financial technology; blockchain; artificial intelligence; innovation; central bank; information warfare; sustainable development; business model; European Union; case study
    Scope: 1 Online-Ressource (circa 168 Seiten)
  17. The Matthew effect and modern finance
    on the nexus between wealth inequality, financial development and financial technology
    Published: 2020
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 871 (July 2020)
    Subjects: inequality; financial development; banks; financial technology; fintech
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  18. Absolute blockchain strength?
    evidence from the ABS market in China
    Published: August 2023
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 1116
    Subjects: asset-backed security; blockchain; financial technology; social embeddedness; technology adoption
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  19. Preventing payments fraud in the FinTech era
    new evidence from a behavioural experiment
    Published: August 2023
    Publisher:  CeDEx, Centre for Decision Research & Experimental Economics, University of Nottingham, Nottingham

    Innovation in financial technology has granted consumers increased access to faster, more convenient payment services. This development has, however, also given rise to Authorised Push Payment (APP) fraud, where consumers are unwittingly manipulated... more

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    DS 175
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    Innovation in financial technology has granted consumers increased access to faster, more convenient payment services. This development has, however, also given rise to Authorised Push Payment (APP) fraud, where consumers are unwittingly manipulated into authorising transactions to counterfeit parties, such as fake online sellers. The annual costs of APP fraud are growing, and for example total more than £0.5bn in the United Kingdom alone. In this paper, we present the results from an online experiment that tests interventions designed to reduce the likelihood that consumers fall for APP fraud. These interventions were presented to consumers within a mobile bank application, and for instance, involved presenting warnings and increasing the salience of calls-to-action. Our analysis shows that redesigned calls-to-action can dramatically reduce fraud success rates, whereas traditional behavioural and risk-based warnings have much weaker effects. Our results show how redesigning consumer journeys can potentially reduce fraud prevalence.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284283
    Series: CeDEx discussion paper series ; no. 2023, 08
    Subjects: fraud; financial technology; behavioural science
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  20. Money demand in a banking time economy
    Published: 2003
    Publisher:  HWWA, Hamburg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910 ; QB 910
    DDC Categories: 330
    Series: HWWA discussion paper ; 254
    Subjects: Geldnachfrage; Geldtheorie; Schätzung
    Other subjects: (stw)Geldnachfrage; (stw)Cash-in-Advance-Restriktion; (stw)Schätzung; (stw)USA; (stw)Australien; shopping time model; money demand; cointegration; financial technology; banking time; Geldnachfrage; Cash-in-Advance-Modell; Schätzung; Vereinigte Staaten; Australien; jel:O42; jel:E41; jel:E13; jel:E51; shopping time model; Arbeitspapier; Graue Literatur
    Scope: 39 S., graph. Darst., 30 cm
    Notes:

    Literaturverz. S. 24 - 27. - Auch im Internet unter der Adresse www.hwwa.de verfügbar

  21. Money demand in a banking time economy
    Published: 2003
    Publisher:  Hamburg Institute of International Economics (HWWA), Hamburg