Fintech, Risk-Based Thinking and Cyber Risk

IF 1.7 Q3 BUSINESS, FINANCE

Journal of Central Banking Theory and Practice Pub Date : 2022-04-30 DOI:10.2478/jcbtp-2022-0012

Milena Vučinić, Radoica Luburić

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引用次数: 13

Abstract

Abstract Financial technology innovations (Fintech) are changing the provision of traditional financial services. Although they bring with them various benefits and opportunities, they also have weaknesses and pose potential threats to financial systems. The paper examines the latest developments in the area of Fintech and outlines the potential benefits and associated risks. It highlights the vital role of the monetary authorities in the context of the policies and initiatives required in order to modernize the financial system, including research and the potential issuance of central bank digital currency, while simultaneously fulfilling their core objectives of preserving monetary and financial stability. The authors highlight the importance of artificial intelligence in Fintech development. They create a Fintech SWOT to support and analyse the above. It goes on further to explain the new management concept of “Risk-based thinking” as a way to approach these potential opportunities and threats of Fintech. Finally, the paper looks at cyber risk in the Fintech landscape as the latest and potentially greatest threat springing from these turbulent and uncertain times.

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金融科技、风险思维与网络风险

摘要金融科技创新正在改变传统金融服务的提供方式。尽管它们带来了各种好处和机会，但它们也有弱点，并对金融系统构成潜在威胁。本文考察了金融科技领域的最新发展，并概述了潜在的收益和相关风险。它强调了货币当局在实现金融体系现代化所需的政策和举措方面的重要作用，包括研究和潜在的央行数字货币发行，同时实现其维护货币和金融稳定的核心目标。作者强调了人工智能在金融科技发展中的重要性。他们创建了一个金融科技SWOT来支持和分析上述内容。它进一步解释了“基于风险的思维”的新管理理念，以此来应对金融科技的这些潜在机遇和威胁。最后，本文将金融科技领域的网络风险视为这些动荡和不确定时期产生的最新和潜在的最大威胁。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Central Banking Theory and Practice BUSINESS, FINANCE-

CiteScore

2.80

自引率

57.10%

发文量

审稿时长

7 weeks

期刊介绍： Journal of Central Banking Theory and Practice is a scientific journal dedicated to publishing quality papers and disseminating original, relevant and applicable economic research. Scientific and professional papers that are published in the Journal of Central Banking Theory and Practice cover theoretical and practical aspects of central banking, monetary policy, including the supervision issues, as well as banking and management in central banks. The purpose of the journal is to educate the general public about the key issues that the central bankers globally face, as well as about contemporary research and achievements in the field of central banking theory and practice.