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Archive » November 2023 » FinTech and Risk management in Banks: Security, Blockchain, Algorithms, Big data

FinTech and Risk management in Banks: Security, Blockchain, Algorithms, Big data

Nicola Ilario Sibilio, Marco Boero
November 2023 - n. 11
Keywords: Settore bancario e finanziario, rischi, innovazione tecnologica
Jel codes: G21, G28, G32, O30

Technological innovation in the banking and financial sector calls into question the traditional business models of intermediaries both on the supply side and on the demand side of banking and financial services and products. Also it exposes intermediaries to the need to deal with new players (e.g., FinTech, BigTech) entering in typical segments of banking in ways that are difficult to frame in traditional paradigms. The potential benefits of this scenario are many: if in the short term the adoption of new technologies involves a disruptive revision of traditional operating methods and skills, in the long term it can be a driving force for human capital in terms of greater productivity.

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