Abstract
The emergence of Financial Technology (FinTech) startups has created a new breed of financial services providers. The rapid adoption of digital platforms, Neobanks, and investment in digital assets has forced regulators to go beyond traditional regulatory and supervisory guidelines. Some big FinTech startups are now not too small to be ignored and, if not regulated well, can create challenges for financial stability. This chapter will explore the risk emerging from FinTech and how it can impact financial stability. The chapter will also provide a commentary on the recent regulatory responses to FinTech.
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Notes
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See Brits et al. (2021), Changing Landscape, Changing Supervision: Developments in the Relationship Between BigTechs and Financial Institutions, DNB, November. https://www.dnb.nl/media/32apiuom/dnb-big-tech-supervision-changing-landscape-changing-supervision.pdf.
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Alam, N. (2022). FinTech Regulation—A Key to Financial Stability. In: Chen, HY., Jenweeranon, P., Alam, N. (eds) Global Perspectives in FinTech. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-11954-5_2
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DOI: https://doi.org/10.1007/978-3-031-11954-5_2
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