Hi, I have an assignment for a banking and financial technology (university).We just need a part of...

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Hi, I have an assignment for a banking and financial technology (university).
We just need a part of it covered. Attached in the file I will provide the semi-whole assignment description. However, the part that needs to be covered is this one:

The company that we are covering is German company N26. More or less 500 words are needed. The one part that needs to be covered is found in part 3 Critical discussion, ONLY the part “Prospective impact:
What does the future of the company - and the industry overall - look like?”. And remembering to include these 2 points in this part:

this part needs to explicitly leverage one or several work from academia and/or policy reports.

Every argument needs to be constructed around the information problem and the technological solution and detail how the literature informs the analysis.

assignment-part-33-prospective-impact-2dzgffzp.pdf

Komalavalli · Accepted Answer

The plausible effects on both German fintech company N26 and the industry at large fall into several categories of impact, from regulatory change to technological outcomes. Case study allows one to examine policy reports and academic studies sources to form detailed arguments about N26’s information problem and technological solution.
1. Financial Inclusion and Technological Disruption:
To start, I have made an effort to find some academic research documents such as, studies produced by the IMF and the World Bank, and see how it contributes to make the financial market more accessible to everyone. Beside the mobile banking platform, N26 has introduced also services that can be of great importance for those who have hard times moving to bank offices (as numerous governmental officials do) or not enough accessibility to the regular branches at all.
2. Data Security and Privacy concerns:
The EBA as well as other regulatory bodies’ policy reports emphasize data protection and privacy as main aspects of the fintech field. One of the things that N26 has to focus on in order to become a financial institution which offers digital banking services is strong cybersecurity practices and adherence to regulations like GDPR. Participation in academic studies in cybersecurity and privacy is the shortest path to solve the dilemma of raising risk and clients’ confidence. Providing transparency in financial processes and integration of new technologies will lead the company to a better position in the market.
3. Regulatory Landscape and compliance challenges:
 The academic research of fintech regulation provides those involved,

Hi, I have an assignment for a banking and financial technology (university).We just need a part of it covered. Attached in the file I will provide the semi-whole assignment description. However, the...

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