BIS paper finds some potential benefits to ‘bigtech’

Global losses
‘Bigtech’ firms are starting to reshape global finance

The rapid growth of major tech firms – ‘bigtech’ – and their entry into financial markets has left regulators scrambling to understand whether such developments are desirable and what response is needed.

Preliminary evidence published today (April 8) as a working paper by the Bank for International Settlements suggests there may be at least some upside to the rise of bigtech, though a plethora of questions remain unanswered.

Jon Frost, Leonardo Gambacorta, Yi Huang, Hyun Song Shin and Pablo

To continue reading...

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 here: