Fintech and Data Privacy in Germany: An Empirical Analysis with Policy Recommendations

ISBN-13: 9783030313340 / Angielski / Twarda / 2019 / 121 str.

Gregor Dorfleitner; Lars Hornuf

Spis treści

1. Introduction.- 2. Players in the German FinTech industry.- 3. FinTechs and data protection.- 4. FinTechs and data protection after the implementation of the GDPR.- 5. FinTech business models.- 6. Need for regulation in the German FinTech market.- 7. A summary in eleven theses.

O autorze

Gregor Dorfleitner received his Ph.D. from the University of Augsburg, Germany, in 1998. He completed his habilitation in the field of business administration in 2003, and from 2004-2007 he was a professor at the Vienna University of Economics and Business, Austria. Since 2007 he has held the positions of chair of finance and director of the Center of Finance at the University of Regensburg, Germany. Since 2010 Gregor Dorfleinter has been associate researcher at the Centre for European Research in Microfinance (CERMi) in Belgium. His research focuses on sustainable investments, investment decisions, microfinancing and FinTech with publications in many international scholarly journals. 

Lars Hornuf is a professor of business administration at the University of Bremen, Germany, specializing in the areas of financial services and financial technology. He holds an M.A. in political economy (University of Essex, UK) and a Ph.D. in economics (LMU Munich, Germany). From 2006 to 2008 he worked for the Ifo Institute for Economic Research, Germany and from 2008 to 2014 the Institute for International Law at the LMU Munich, Germany. He was a visiting scholar at UC Berkeley, Stanford University, Duke University, Georgetown University, CESifo and the House of Finance at Goethe-University Frankfurt. Currently, he is an affiliated research fellow at the Max Planck Institute for Innovation and Competition and an affiliate member of the CESifo Research Network. He is also a certified exchange trader and certified derivatives trader.. 

Blurb

This book examines the FinTech revolution from a data privacy perspective. It analyzes key players on the FinTech market and the developments in various market segments. Particular attention is paid to an empirical analysis of the privacy statements of 505 German FinTech firms and how they were adapted after the General Data Protection Regulation (GDPR) entered into effect in May 2018. The analysis also includes 38 expert interviews with relevant stakeholders from supervisory and regulatory authorities, the financial and FinTech industry, leading consulting firms and consumer protection agencies. By adopting this approach, the book identifies key regulatory needs, offers a valuable asset for practitioners and academics alike, and shares intriguing insights for lawyers, economists and everyone interested in FinTech and data privacy.

The book brings together two of the most topical research areas of our time: financial technology and data privacy. It is a valuable resource for academics and policy makers alike.

Douglas Cumming, DeSantis Distinguished Professor, Florida Atlantic University

This volume is groundbreaking in providing a seminal analysis of the thriving financial technology sector and in simultaneously highlighting a potential trade-off in data protection. The book offers important insights for regulation and policy, and will be of interest to practitioners, academics, and regulators alike.

Wolf-Georg Ringe, Professor of Law and Director of the Institute of Law & Economics, University of Hamburg

In the increasingly digitalized world of finance, data privacy and data protection are crucial for fintechs to stay in the market and attract customers. Reading this book helps understand and dissolve the challenges that lay ahead!

Armin Schwienbacher, Professor of Finance, Skema Business School