On the other hand, as financial networks become increasingly “open,” potential target points for cyber-attacks also tend to increase. Therefore, how to simultaneously manage “openness of financial networks” and “information security” is a big challenge for FinTech. Financial services can be regarded as the processing of information for creating value in the linkages between economic entities over time and space.
This is demonstrated in the payments and financial intermediation that connect various entities, such as senders/receivers and lenders/borrowers. In this sense, such activities must always be supported by people's “trust.” Since FinTech is illustrated as a technologically advanced form of financial services, the importance of trust also applies to FinTech.