Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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A Literature Study on the Potential Risks of Financial Technology

Authors
Xiaoman Chen1, *
1School of Management Science and Engineering, Southwestern University of Finance and Economics, Chengdu, 611130, China
*Corresponding author. Email: gongjie@ldy.edu.rs
Corresponding Author
Xiaoman Chen
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_71How to use a DOI?
Keywords
Fintech; Potential Risks; Risk Management; Regulatory Framework
Abstract

As an emerging sector within the financial industry, fintech has significantly enhanced the efficiency and innovation of financial services. However, this rapid development also introduces a range of potential risks, including systemic, regulatory, and technological risks. These risks are not isolated but rather interconnected, forming a complex network that can propagate rapidly across the financial system. The dynamic nature of fintech exacerbates these risks, challenging traditional risk management frameworks. While the existing regulatory systems are gradually evolving to incorporate more technological, automated, and intelligent approaches, they often struggle to keep pace with the rapidly changing landscape of fintech. There remain significant gaps in the timely identification and management of new risk points introduced by innovative fintech solutions. The evolving risks highlight the need for a more proactive approach to regulation, alongside continuous technological innovation and robust risk management strategies. Addressing these challenges is crucial for ensuring the sustainable and healthy growth of the fintech industry. This literature review explores the multifaceted risks associated with fintech and discusses the current state of regulatory frameworks, emphasizing the importance of adaptive regulation, advanced technological tools, and comprehensive risk management in safeguarding the future of fintech.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_71How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaoman Chen
PY  - 2025
DA  - 2025/02/24
TI  - A Literature Study on the Potential Risks of Financial Technology
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 685
EP  - 693
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_71
DO  - 10.2991/978-94-6463-652-9_71
ID  - Chen2025
ER  -