Emergence of Fintech and the Lasic Principles | Zendy

David Kuo Chuen Lee | Zendy; Ernie G. S. Teo | Zendy

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Emergence of Fintech and the Lasic Principles

Author(s) -

David Kuo Chuen Lee,

Ernie G. S. Teo

Publication year - 2015

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.2668049

Subject(s) - fintech , financial inclusion , business , profit margin , population , asset (computer security) , financial services , payment , order (exchange) , profit (economics) , finance , financial market , financial system , economics , demography , computer security , sociology , computer science , microeconomics

Financial technology (FinTech) has been receiving much attention lately. And, although the development of FinTech is still in early stages, many believe that it will define and shape the future of the financial services industry, and at the same time, increase participation by those who have until recently been under- or unserved. Given the intense competition, however, success in this space will not be easy, and various factors, both internal and external, will play key roles in identifying those that will be successful. In this article, we identify some of these factors, which we term the LASIC (low margin, asset light, scalable, innovative and compliance easy) principles. FinTech companies could benefit from applying some of the ideas presented in this article to their businesses.

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