# kaal:claim:3808859-004

**Claim.** Fintech is a precursor of decentralization rather than merely a financial innovation, because it pushes information toward the edge of the system and forces disrupted financial conglomerates to serve consumers better.

**Type.** mechanism  **Support.** argued

**Source quote.**

> Fintech brings information closer to the edge and serves the consumers, it disrupts centralized structures in finance and forces the disrupted financial conglomerates to serve the consumer better. As such, Fintech epitomizes some of the core principles of decentralization.

**From.** Wulf A. Kaal, *Decentralization – Why We Need Technology Infrastructure Upgrades* (2021), I. Introduction, page 7

**Cite as.** Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

**Verify.** sha256 of source PDF `304ad25d43b5ecea3158e3a2ca04e6e1e3bd2958e2134e2dcefbfedf3b6f3ab7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20%E2%80%93%20Why%20We%20Need%20Technology%20Infrastructure%20Upgrades.pdf

**Topics.** decentralization

**Keywords.** fintech, decentralization, financial-services, edge-of-network

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