Platform-based business models and financial inclusion (BIS)

A research paper from the BIS

From:
Competition and Markets Authority
Published
22 September 2022
Category:
Ad hoc research
Original publisher:
Bank for International Settlements
Research area:
Financial services and Technology
Research topic:
Digital transformation and Fintech
Research publish date:
22 January 2022

Abstract

Three types of digital platforms are expanding in financial services:

  • fintech entrants
  • big tech firms
  • increasingly, incumbent financial institutions with platform-based business models

These platforms can dramatically lower costs and thereby aid financial inclusion 바카라 사이트“ but these same features can give rise to digital monopolies and oligopolies. Digital platforms operate in multi-sided markets, and rely crucially on big data. This leads to specific network effects, returns to scale and scope, and policy trade-offs.

Citation

Karen Croxson (Financial Conduct Authority), Jon Frost (BIS), Leonardo Gambacorta (BIS) and Tommaso Valletti (Imperial College London)

Updates to this page

Published 22 September 2022
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