The risk landscape within FinTech and InsurTech business models

Abstract

FinTech/InsurTech-based business models are gradually maturing and disrupting the offerings and management of financial services (banking, financial, and insurance) on the global stage. However, the understanding of the risk landscape of FinTech and InsurTech business models remains at an early stage due to the diverse nature of their activities and the rapid development of the field. Although FinTech and InsurTech offer the opportunity to accelerate economic growth and expand financial affordability/inclusion in all countries, they pose new risks to financial stability and integrity. This Special Issue contains five articles that offer a discussion of state-of-the-art developments or introduce new theoretical or practical advances in the identification, measurement, and management of the risks arising from FinTech/InsurTech-based business models. Though contributions to this Special Issue have now closed, research on the role of digital technologies in finance and insurance needs to continue. We are pleased to announce that a new Special Issue, “The risk landscape in the digital transformation of finance and insurance”, will open in 2022 to explore the role of digital transformation in finance and insurance in a deeper and broader manner. The landscape of financial services is undergoing a major transformation in terms of the types of players involved, how money is used and provided, and the role that finance plays in relation to the natural environment, which is increasingly impacted by innovations in business models, technology, and environmental initiatives. As a final note we would like to extend our most heartfelt thanks to the MDPI Editorial Team of Risks, especially Mr. Ivan Wang, the Assistant Editor of this Special Issue, acknowledged authors, and dedicated reviewers.