FinTech & RegTech

“The emergence of FinTech is only the latest wave of innovation to affect the banking industry. While banks have undergone various technology-enabled phases before, FinTech has the potential to lower barriers of entry…and drive the emergence of new business models. As a result, the scope and nature of banks’ risks and activities are rapidly changing, and the rules governing them may need to evolve as well.”

BCBS (2018), “Sound Practices: Implications of FinTech developments for banks and bank supervisors”, February 2018.


“Research conducted by Gen Advisory confirms that FinTech has indeed had a material impact on the financial sector. Our overall conclusion, however, is that there is a need to separate some of the more bullish predictions regarding FinTech from the evidence to date.

Another conclusion is that although FinTech has undeniably brought benefits to the financial sector, it has also generated certain unintended consequences which need to be carefully mitigated.”

Gen Advisory (2019), “Possible benefits and risks of FinTech”, January 2019.

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