Emir BAYRAMOĞLU, LL.M. PRINCIPLE-BASED APPROACH UTILIZING DATA: Principle-based approach suggests reliance on well-defined principles rather than detailed, prescriptive codification. The backbone of these principles will be flexible, evaluative and qualitative terms and conditions, as opposed to quantitative bright line rules. To illustratre that, this means that provisions such as “three business days” will be replaced…
Emir BAYRAMOĞLU, LL.M. FINTECH DEFINITION: “FinTech” refers to the use of technology to deliver financial solutions; it is widely seen as a uniquely recent marriage of financial services and IT[1]. FinTech’s scope involves payments, personal finance, P2P lending, insurance, digital banking, equity crowdfunding, smart contracts and cryptocurrencies. Financial innovation waves counteract gatekeepers and intermediaries by…