FinTech-future state and economics.


Year after year, world economics experiences more sweeping changes and transforms into a more flexible mechanism, that provides the advantage to one countries and took it from others. P2P-lending, blockchains, cryptocurrencies, crowdsourcing and online-consultants - all these things put a basic to the rapid development of global economics. Multiple state governments start to involve a wide range of initiatives aimed for national economics stimulating and based on advanced financial technologies.


Innovative fintech tools have already started to change the existing way of interaction between companies and customers, by radically rearrangement of the main incentive of economic activity. FinTechs are the new solutions that create the sufficient changes to the financial services industry and the classical business models. These solutions can be divided in 5 economics spheres: bank sector, financial consultancies, retail trade, businesses interaction and financial management systems.


FinTech influences consumer demands sufficiently and makes adjustments to the major companies planning. State structure can become a part of these radical reforms, that would allow to choose more efficient way of contact between the government and financial technologies medium. New solutions will allow goverments to prepare for operation with updated financial system and interaction with economics reality faster. Developed FinTech-country will be able to avoid the double taxation from multiple operations, reduce the limitation of crowdfunding and decrease tex barriers for venture investors. Government will also consider the possibility of benefits implementation for high-tech enterprises, grant the access to widespread databases of bank sphere for interested lenders.


In the regulatory sphere, the state can create the conditions to ensure the 'technological neutrality' in all areas of financial regulation. Such an approach would weaken the set of regulatory barriers and enhance competition in the non-banking sector. The widespread use of digital financial products would healthen many sectors of the economy and ensure the dynamic development of the country. FinTech-technology can be evaluated as a qualitative resource that is able to provide governments' and consumers' access to affordable financial consultancies and to strengthen trust among all parties.