Technological giants such as Amazon, Google, Facebook and Alibaba have an advantage over traditional financial technology companies like fintech by having unlimited user information and capital. Which allows them to compete strongly, the Financial Stability Board said. In the analysis of fintech and the structure of the market in financial…
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To date, the relationship between traditional financial institutions and fintech companies seems to be more complementary and cooperative than competitive. However, the big technology, bigtechs such as Google, Amazon, Facebook and Apple, which have already begun to venture into financial services in certain jurisdictions, could represent a greater competitive impact.…
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The Financial Stability Board (FSB) based in Basel published a report on the application of technology to finance, or fintech, and the structure of the financial services market. The subtitle of the report, more in-depth, reveals the intentions of the authors: “changes in the markets and implications for financial stability”.…
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