The financial sector has seen rapid innovation in the past decade, with significant impact on consumers, the market for financial intermediation, and on regulation. This panel will discuss the rise of FinTech, Big Tech in the provision of financial services, and how the use of algorithms, big data, blockchain, peer-to-peer lending and crowdsourcing are changing the role of the intermediary. The pace of innovation in the sector also poses a challenge for regulators in keeping a level playing field while striking the right balance between fostering innovation and preserving financial stability.
