October 13

Big Tech’s Emerging Market Finance Push Brings Rewards and Risk, FSB Says

A push by big technology firms into financial services in developing countries will improve access to them, but might also make traditional lenders more vulnerable, the Financial Stability Board (FSB) said.

The expansion in emerging markets has generally been more rapid and broad-based than that in advanced economies, the FSB, which coordinates financial regulation for the Group of 20 Economies (G20), said in the report released on Monday.

Photo courtesy of lau rey.

Source: Yahoo Finance (link opens in a new window)

Finance, Investing, Technology
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