AK Blog on Fintech

You can take any big company and sleep through their pages of code of ethics written by lawyers and read by none. The more interesting approach is to look at the discrepancy between stated ethics guide and what the company is actually doing. step 1. Standartised code of ethics is possible to look at here: https://www.acm.org/code-of-ethics and then some real life interesting cases you can take from this link: https://www.acm.org/code-of-ethics/case-studies one of the most typical breach of code of ethics is "dark UX" - using trics of UX to make User to do on the web page somethign that is not what they intednd to do, but that lead to some benefit of the Webpage owner. https://ethics.acm.org/code-of-ethics/using-the-code/case-dark-ux-patterns/ and the live cases you can get from this Twitter feed: https://twitter.com/darkpatterns and finally we arrived to the Ryanair sample, company that has Ethics code  https://investor.ryanair.com/wp-content/uploads/2019/12/Ryanair-Holdings-

for the topic of this week i will describe risks and mitigation suggestions for one of the Fintech practices : P2P lending platforms. in short P2P (or Peer-to-peer) lending "is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates ... There is the risk of the borrower defaulting on the loans taken out from peer-lending websites." Wiki Risks associated with this novel way of investing are obvious and numerous: - in 2018 - collapse of hundreds P2P lending platforms in China - Link - in 2019 and 2020 - closer to home - following platform collapsed in Europe (and