# Fintech `kaal:entity:fintech` **Status.** derived This node is assembled mechanically from the 5 claims that carry the concept tag `fintech`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself. ## Every claim under this term 5 claims across 4 works, 2017 to 2021. **2017** - [2834531-041](https://wulfkaal.github.io/claims/2834531-041) [definitional/asserted] -- The regulatory sandbox provides a safe space in which innovative products and services can be tested without being forced to comply with the otherwise applicable set of rules and regulations. > The idea behind the sandbox is to provide a safe space for testing innovative products and services without being forced to comply with the applicable set of rules and regulations. Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531 **2020** - [3606663-026](https://wulfkaal.github.io/claims/3606663-026) [failure/argued] *(failure mode)* -- Centralized financial technology does not complete the disintermediation it promises, because users still deal with a technology company as intermediary instead of a financial institution, which leaves room for the decentralized solutions DeFi attempts to provide. > In existing centralized forms of financial technology disintermediation users are still dealing with a technology company as intermediary instead of a financial institution.286 Accordingly, centralized financial technology disintermediation is incomplete and allows for further improvements. Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663 - [3606663-027](https://wulfkaal.github.io/claims/3606663-027) [mechanism/argued] -- DeFi is more efficient than existing financial intermediation including FinTech, and that superior efficiency traces to its extensive reliance on code and automation, which removes large parts of the human element and the errors and inefficiencies that come with it. > DeFi is more efficient than existing financial intermediation, including FinTech. Its superior efficiency can be traced to its extensive reliance on code and automation that remove large parts of the human element and the associated errors and inefficiencies. Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663 **2021** - [3808852-038](https://wulfkaal.github.io/claims/3808852-038) [design/evidenced] -- Regulatory sandboxes are an instance of regulatory decentralization: by lowering regulatory barriers and costs for testing disruptive technologies while protecting consumers, the regulator fosters innovation in increasingly decentralized products and services. > With the sandbox, the regulator aims to foster innovation by lowering regulatory barriers and costs for testing disruptive innovative technologies, while ensuring that consumers will not be negatively affected. Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852 - [3808859-004](https://wulfkaal.github.io/claims/3808859-004) [mechanism/argued] -- 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. > 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. Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859 ## Verify Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust. curl -s https://wulfkaal.github.io/entities/fintech.md | sha256sum **Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.