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About Fintech and Financial Stability
This white paper explores how technological innovations in financial services, known as fintech, could impact the safety and security of global financial markets. It defines fintech as technological innovations that affect financial services and have the potential to materially transform the financial services industry. The paper proposes a framework for assessing fintech's impact on financial stability by analyzing factors like concentration risk, interconnectedness, and automated decision-making. It concludes that while fintech's overall impact is currently limited, innovations will likely continue unfolding quickly and must be closely monitored to identify potential systemic risks in a timely manner.
Detailed Information
| Author: | ['wan yee'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 23 |
| Language: | English |
| Format: | |
| Price: | FREE |
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