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Big Tech in Finance: The Data–Network–Activities Loop

FintechBy: Ahmadreza Ahmadi2 min readSource: BIS, 2019
Big Tech in Finance: The Data–Network–Activities Loop

1Introduction

In its 2019 Annual Economic Report, the BIS explains big tech’s edge in finance through the “DNA” loop: Data analytics, Network externalities and interwoven Activities.

2Discussion

More users generate more data, which improves services and attracts more users, letting platforms offer payments, credit, insurance and wealth management at low marginal cost.

3Conclusion

The BIS notes this can boost efficiency and inclusion but also brings market concentration, data misuse and new risks, so policy must balance financial stability, competition and data protection.

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Sources

  1. BIS Annual Economic Report 2019 — Chapter III: Big tech in finance: opportunities and risks ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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