FinTech’s impact upon and interaction with the conventional financial system and monetary policy transmission mechanism But what is FinTech’s estimated impact of and interaction with the conventional financial system? All the above developments of the financial technology infrastructure have non-negligible implications.
Therefore, it is interesting to briefly discuss the main effects of FinTech revolutions on customers, competition among market players and, overall, the financial industry’s operation and structure. Currently, five main drivers appear to be shaping and are expected to bring changes to the established financial sector: The first driver is reduction of information asymmetry.