Thursday
December 14
2017

Fintech Listed as Emerging Risk to Financial Stability in Report

For all its benefits, Fintech is cropping up as a concern because of its potential to disrupt financial stability.

That’s according to a new report from Depository Trust & Clearing Corp., which surveyed people in financial services to get their views on what the biggest risks are to economic security.

While developments in financial technology have ushered in greater access to banking, lowered investments fees and expanded access to banking and capital for larger swaths of the population, it starting to raise some concerns.

Photo courtesy of Rob Tinworth.

Source: Bloomberg Markets (link opens in a new window)

Categories
Finance
Tags
digital finance, digital payments, financial health, financial services, financial stability, fintech, mobile banking, mobile money