Optimal design and ownership structures of innovative retail payment systems

• Main Authors: GUO, Zhiling, MA, Dan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Databases and Information Systems; E-Commerce; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/sis_research/4696; https://ink.library.smu.edu.sg/context/sis_research/article/5699/viewcontent/Optimal_Design_and_Ownership_Structures_of_Innovative_Retail_pv.pdf
• Institution: Singapore Management University

In response to the Fintech trend, an ongoing debate in the banking industry is how to design the new-generation interbank retail payment and settlement system. We propose a two-stage analytical model that takes into account the value-risk tradeoff in the new payment system design, as well as banks’...