This publication dates from October 2015, seven years after the subprime crisis and the bankruptcy of Lehman Brothers. And 8 years after the failure of Silicon Valley Bank (SVB) in March 2023. 

Although this publication is from 2015, it is interesting to see whether the measures put in place after the subprime crisis have reduced the systemic risks in the financial system.

Or whether the regulations put in place have had no effect.

At that time (2015), researchers Douglas W. Arner, Janos Nathan Barberis et Ross P. Buckley, wrote a publication on the history of fintech or financial technology from 1866 to 2015.

The publication traces the introduction of information and communication technologies such as the telegraph (1866) to the use of algorithms in banking, or the application of technology to one of the oldest human activities.

The authors also look at the subprime crisis of 2008 and the use of new regulatory tools to avoid a new cascade effect of banking system collapse in the future.

In addition to focusing on events in the West, this publication also examines emerging markets on different continents, such as the African and Asian markets.