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ARTICLE · 05 MARCH 2019

FSB Report On Fintech And Market Structure In Financial Services

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The FSB has released a report entitled "FinTech and market structure in financial services" as part of its ongoing work to monitor fintech market developments and their potential implications for financial stability.

CanadaFinance and Banking
Blair Keefe
Blair Keefe
Adam Armstrong
Adam Armstrong
Joel Ramsey
Joel Ramsey
Eli Monas
Eli Monas
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The Financial Stability Board (FSB)1 has released a report entitled "FinTech and market structure in financial services" (Report) as part of its ongoing work to monitor fintech2 market developments and their potential implications for financial stability.3 As fintech firms, Big Tech firms, and the markets for third-party services continue to develop,4 we expect Canadian authorities will continue to closely monitor these developments and their financial stability implications.

What you need to know

  • The report found that the existing relationship between financial institutions and fintech firms appears to be largely complementary and cooperative in nature.
  • The competitive impact of Big Tech firms, which typically have large, established customer networks and enjoy name recognition and trust, may be a greater concern.

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