MIL-OSI New Zealand: Bulletin article summarises FinTech developments

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Source: Reserve Bank of New Zealand

Release date

19 November 2018

Growth in technology-enabled innovation in financial services, labelled ‘FinTech’, has been significant in recent years.

A new article published in the Reserve Bank of New Zealand Bulletin summarises recent FinTech developments. It explains the technologies, giving examples across a number of broad FinTech categories, and explores their potential impact on the financial services industry, and on the Reserve Bank’s role as a regulator.

The article concludes that FinTech has the potential to enhance financial sector efficiency, but may also create new risks to financial sector stability. To date, the overall impacts have been small, and for now the appropriate response by the Reserve Bank is limited to increased monitoring of emerging FinTech developments.

More information

Media contact:
Angus Barclay,
External Communications Adviser
Ph: 04 471 3698 or 027 337 1102
angus.barclay@rbnz.govt.nz

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