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Basel Committee report examines effects of digitisation of finance

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Photo: Horacio Villalobos#Corbis/Getty Images

Martin Cloake, Thomas Hyrkiel

4 min read
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BCBS assesses how banking and financial services are handling opportunities and risks.

The $865 billion that Statista research estimates has been invested in fintech companies between 2019 and 2023 has brought benefits to banks, but also created new vulnerabilities and amplified existing risks. A new report by the Basel Committee on Banking Supervision (BCBS) looks at the implications of increased digitisation in

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