Data security and consumer

trust in FinTech Innovation in

Germany
Research By Harrison Stewart and Jan Jürjens

Presentation By Dillon Christano

Introduction
• Innovation of technology transform the way how financial service
work, for example in this day's people can do investment easily
compared to nowadays and there are risk management knowledge
exist to help people to invest.
• Technology of AI have big influence in financial technology innovation,
it is happened because of there are disruption to be innovative.
• This technology make financial service and the industry it self change,
like in this day’s many bank transform their way to do transaction,
because of they digitalize their services.
cont
• In this days many technology company start to make their financial
service with innovative technology in it, this event make us confuse
does it count as technology company or banking service.
• Not only bank that transform their services, but many technology
company like google, apple and other big technology company start
to deploy their banking service. Apple have their own credit card; it
makes bank meaning these days changes from a place to save money
or get loan to a financial service.
Importance of this research
• To know the background of fintech technology
• Finding what technology has been used to innovate their financial
service.
• See the use of each technology, does the technology works or just a
requirement of how innovative it is.
Background and Motivation
• Background of this research is to know the basic information that
support financial technology in technology that support the system to
work well.
• The researcher want to know the technology behind financial
technology by read and make overview of financial technology from
the technology behind it.
Research objective
• To find every definition and how it works and to see what technology
that help secure and make financial technology work well.
• The researcher curios about:
1. Financial trading app
2. Block chain Technology
3. Used of AI in Finance
4. Finance course in universities
Research Method
• The method is by read many journal about use of technology to
support Financial technology to work well.
• Find journal that explain the technology and in the paper that has
been research by another researcher.
Result and application
Financial trading app
• Financial trading on app is an innovation that exist in modern day,
while in the old days financial trading transaction happen in the office
or by telephone.
• Because of technology, in modern days people can do transaction in
an app or website.
• The system work based on the trader behavior because the creator of
the software want to replicate the process of traditional investing.
• This make the process of investing easier and faster than before, it is
because of the usage of modern-day technology and adapt it based
on the process of investing.
• The algorithm that used is called High Frequency traders (HFTs), this algorithm
created based on the process of trading by investor.
• HFTs have great role to set the price of stocks that able to buy by the investor,
HFTs work as the administrator who set the price of the stock, and they also
handle the investor or the trader when they do the transaction.
• HFTs are often characterized by their use, this is their use:
High speed and sophisticated computer program
Colocation services and individual data feeds to minimize network
Very short time frames for establishing and liquidating position
The submission of numerous order that shortly cancel after order
Ending the trading day in as close to a flat position as possible
Blockchain technology
• Blockchain technology is one of the most disruptive technological
innovations since internet exist.
• Blockchain is an innovative data structure that includes two basic features,
blocking and chaining. Blocking is process that collects data records within
a certain time, and Chaining is process that hashes the block to generate a
unique identification number
• Blockchain relies on clever ways to distributed algorithms of cryptography
and mathematics and uses network computing to enable users or
participants to reach consensus on dangerous safety on internet.
• Today blockchain use for financial activity like use for payment, and it also
use for investment.
Used of AI in finance
Finance course in university
Conclusion