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
Basel Committee report examines effects of digitisation of finance
BCBS assesses how banking and financial services are handling opportunities and risks.