FinTech Development and Regulatory Scrutiny: A Contradiction? The Case of Latvia

Ramona Rupeika-Apoga · Stefan Wendt

32 citations0/0 files storedRisks

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

FinTech, Crowdfunding, Digital Finance Finance, Markets, and Regulation Digital Transformation in Financial Services

Abstract

The purpose of this study is to examine whether FinTech companies believe that the growing dependence on regulation represents a potential risk for their development. In 2021, we conducted a survey among Latvian FinTech companies to ascertain their attitude toward regulatory scrutiny. We received 31 responses, representing a 33% response rate. The responses show that regulation is still one of the most pressing issues for FinTech companies, even though it is not necessarily regulation per se that causes concerns, but the lack of a regulatory framework that would be suitable for the special situation of the FinTech sector. However, regulation is now regarded as less problematic than it was in a previous survey in 2019, when respondents saw regulation as the most pressing issue. Moreover, the FinTech industry anticipates better support from the regulator, such as more realistic sandbox approaches and a willingness to consider new business models. According to the survey responses, the UK, Estonian, and Lithuanian regulators can serve as inspiration in this regard. Latvian FinTech companies expect regulators to be more flexible and open in their communication. This study is intended to advance regulatory reform by aiding the understanding of the requirements of fast-evolving FinTech companies.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 32 citations exist upstream.

References

2015The Evolution of Fintech: A New Post-Crisis Paradigm?2022The impact of the FinTech revolution on the future of banking: Opportunities and risks 2004A contingency model of the association between strategy, environmental uncertainty and performance measurement: impact on organizational performance 2021Fintech and the digital transformation of financial services: implications for market structure and public policy 2022Digital transformation and the emergence of the Fintech sector: Systematic literature review 2021Digital Banking in Northern India: The Risks on Customer Satisfaction 2022The Effect of Digital Orientation and Digital Capability on Digital Transformation of SMEs during the COVID-19 Pandemic 2021Investor Characteristics and their Impact on the Decision to use a Robo-advisor

Cited by

2023Demystifying the Effect of the News (Shocks) on Crypto Market Volatility 2023Analysis of the Impact of Fintech Firms’ Lending on the Expansion of Service Base Companies in Jordan 2024Islamic fintech: navigating the regulatory framework and promoting financial inclusion in Gulf Cooperation Council (GCC) countries

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.