Big Tech could improve lending market, BIS study says, but with risks attached

17 April 2019 2:06pm
Apple, Amazon and other deep-pocketed tech companies could invigorate the lending market, throwing a financial lifeline to those locked out from conventional finance, a recent study published by global banking regulators has suggested.

But researchers at the Bank for International Settlements say in a new study that they need more time to tell whether or not the use of online lending based on artificial intelligence could transform the credit market.

The study plays into an emerging debate as regulators across the world scratch their heads over what the emergence of Big Tech means for banking competition and regulation.

By Jack Schickler.