Fintech and the False Promise of Techno-Solutionism

Abstract

For about a decade, financial regulators have been grappling with the rise of fintech and the ways it disrupts financial regulation. But something is often lacking in these policy conversations. In a new draft article, I argue that financial regulators need to engage more critically with the “tech” aspects of fintech. In particular, they need to ask whether it’s even possible for technological innovations to address the deep-seated and complex problems that fintech’s proponents say they can solve