The Promise of FinTech – Something New Under the Sun? Slides to accompany a speech given by Mark Carney Governor of the Bank of England Chair of the Financial Stability Board Deutsche Bundesbank G20 conference on ‘Digitising finance, financial inclusion and financial literacy’, Wiesbaden 25 January 2017
Digital wallets, eMoney, Payment services cross-border payments Aggregators, comparison Customer relationship and switching tools, Universal Bank robo advisors, identity Peer-to-peer lending, Retail and commercial banking big data analytics, receivables High-frequency trading, Wholesale banking, markets algorithms Wholesale payments, clearing and Distributed ledger settlement infrastructure
Digital wallets, eMoney, New concentrations, single Payment services cross-border payments point of failure risks Aggregators, comparison Higher deposit volatility Customer relationship and switching tools, Universal Bank and liquidity risk robo advisors, identity Peer-to-peer lending, Future business model Retail and commercial banking big data analytics, risks, pro-cyclicality receivables Excess volatility in asset High-frequency trading, Wholesale banking, markets prices, impaired market algorithms functioning Critical infrastructure Wholesale payments, clearing and providers, operational Distributed ledger settlement infrastructure and cyber risk
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