As big tech platforms enter the financial services space, they could potentially undermine competition in ways that set back financial inclusion. How can regulators preserve healthy competition and harness the potential of platform-based finance?
As big techs and other platforms ramp up their financial service offerings in emerging markets, regulators can look at developments in advanced economies to get a glimpse into the data protection issues they will need to consider.
Between the global big techs and the local unicorns, platforms will soon be a major force in financial services if they are not already. Here are the three main sets of challenges they pose for regulators.
Big tech platforms from Facebook and Amazon to Alibaba and Tencent are reshaping economies around the world. Increasingly, they are showing interest in entering the financial services space. While platform-based finance has significant potential to