The Evolution of Fintech: A Regulatory Approach Perspective

摘要

There is a long historical timeline before the idiom of fintech becomes something as popular as we know today. Fintech includes any novelty innovation on any given space at any given time if it is considered to be revolutionary or disruptive enough to change the activities in the financial sector. This article will describe the evolutionary process of fintech from the perspectival approach of "trends" that financial regulators use to encounter incoming novelty innovations. The regulatory approach is a more tangible measurement tool because just like animals will adapt to environmental changes, regulators will also adjust to upcoming innovations. The transitional shift from the brick and mortar Laissez-Faire paradigm to the adaptation of various Piloting Projects and Regulatory Sandboxes across the globe are concrete shreds of evidence that regulatory approach can be used as a standard perimeter to determine and measure the developmental milestones of Fintech History.