Big tech companies poised to disrupt financial services – FSB

New report claims fintech hasn’t had an impact on competition in financial sector

cloud technology - Getty - web.jpg
Well-established tech firms, including Amazon and Apple, are gaining a foothold in financial services via cloud computing

Big technology companies could disrupt the financial services market to the point where existing firms take increased risks, a report from the Financial Stability Board says.

In its new report, FinTech and market structure in financial services, published today (February 14), the FSB analyses whether technology companies entering the sector could harm financial stability.

“Fintech firms have generally not had sufficient access to the low-cost funding or the customer base necessary to pose a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.