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Fintech, Roadmap, G4 (111212005 IBS3 Ruby 楊絜茹, 110251037 IPCM4 Angelica…

- - - - ACH, enabling direct transfers between banks
      - EFT, allowed payrolls and other payments to move electronically
  - - - peer-to-peer (P2P) payments
        
        making digital payments easy, fast, and social
  - - - Fingerprint, facial recognition, and other biometrics
  - - - allow users to transact and lend without traditional banks
    - - from budgeting tools to lending products
    - - Payments have become seamlessly integrated into apps and platforms
- - - - real-time processing
      - maintenance of immutable transaction records
    - - eliminating intermediaries
      - enhancing transparency
    - - All data encrypted
        
        permissions
        
        Keys
  - - - Contour
        
        blockchain technology platform
    - - Quorum
        
        JPMorgan's Interbank Information Network (IIN)
        
        solve the challenge of interbank information sharing
    - - Digital identity verification
      - Asset tokenization
      - Supply chain finance
  - - - IT infrastructure and legacy systems
    - - Data
    - - Regulatory
- - - - 3.Alternative Credit Score & Lending Model
        
        4.NeoBank Model
        
        5.Robo-Advisory Investment Management Model
        
        Leveraging technology to provide clients with investment advice and portfolio management services
        
        Advantage
        
        Scalability, cost-effectiveness and ubiquity
        
        Disadvantage
        
        Rely on technology to provide services and vulnerable to technical issues or cyber attacks
        
        Provide banking services to consumers without the need for physical branches
        
        Advantage
        
        Operations are more flexible and can quickly adapt to customer needs and market trends
        
        Disadvantage
        
        Neobanks may face profitability difficulties in early stages
        
        Helps lenders determine borrowers’ creditworthiness by using non-traditional data
        
        Advantage
        
        By offering lower interest rates than traditional lenders, alternative credit scoring and lending fintech companies can gain a competitive advantage in the loan market
        
        Disadvantages
        
        Using alternative data sources to assess credit is risky
      - Payment Processing services to Consumers and businesses filter companies
      - Advantage
        
        payment processes can process large volumes of transactions quickly and efficiently
      - Disadvantages
        
        payment processors typically rely on
        Partnerships with banks to access payment networks
    - - [1] Easy to scale without significant overhead costs
      - [2] Provide a diverse range of products and services to Consumers
    - - the filter behind the platform has limited control over the products and services offered
- - - - epidemic relief funds
        
        digital platforms
      - QR Code payment
      - launch education and SME support programs
    - - CBDC
      - integrating
        
        e-wallets
        
        communication platforms
    - - e-wallet providers
      - huge database
        
        consumers' payment needs
        
        targeted payment services
    - - QR Code
        
        priority
      - API
      - B2B
    - - e-payment
        
        consumer preferences
        
        ubiquity
        
        security
        
        convenience
      - e-commerce
      - cross-border payment
        
        policies
        
        regulations
    - - Payment institutions
        
        integrated prevention
        
        detection technologies
        
        financial crimes :no_entry:
- - - - cross-market
      - cross-institutional
  - - - cultivate financial technology talents