핀테크와 플랫폼 생태계의 육성

Even with the sweeping and disruptive features of the current Fintech revolution, the changes are essentially tools to broaden the scope of financial services on a customer-centric platform. The connectedness of network economy forces all market participants to behave differently since they have to undergo fundamental changes to better cope with connected markets. That is, the multisided nature of connected markets and interactions dictate us to rewrite everything from regulatory oversight to security measures, and ways to conduct business, including payment and settlement, authentication and authorization. Unless the consensus as a service (CaaS) mechanisms are well developed and coordinated, the modern day technology would only strengthen market positions of the incumbents and deprive penguines (layman) of regaining their own rights for convenience and security. Since the new services and delivery channels critically rely on data-intensive analyses and massive use of personal data, some of the exisiting legal and regulatory standards also need to be upgraded to achieve convenience, security, and financial stability in a new environment. Some of the policy suggestions seem contradictory in a conventional silo-context, but can be accommodated within the principle that the current driving forces are geared for better choices of individuals by utilizing the interconnectedness of a digital network. Balanced global perspective and open interactions and collaboration among participants remain the key ingredients for an inclusive fintech ecosystem.