Competition issues in the area of Financial Technology (FinTech)
The increasing number of FinTech services provided by newcomer start-ups, traditional financial institutions and big tech companies can bring new competition challenges to the playing field. Some factors can result in anticompetitive behaviours, namely the network effects derived from the use of online platforms, the access to customer data, standardisation, interoperability and the use of algorithms. Combined with a service-by-service analysis, the study provides both, descriptive analysis and normative tools to anticipate and manage anticompetitive behaviours as they occur. This document was provided by Policy Department A at the request of the ECON Committee.
Study
Executive summary
External author
Alberto FRAILE CARMONA, Iclaves S.L.; Agustín GONZÁLEZ-QUEL LOMBARDO, Iclaves S.L.; Rafael RIVERA PASTOR, Iclaves S.L.; Carlota TARÍN QUIRÓS, Iclaves S.L.; Juan Pablo VILLAR GARCÍA, Iclaves S.L.; David RAMOS MUÑOZ, Universidad Carlos III; Luis CASTEJÓN MARTÍN, Universidad Politécnica de Madrid
About this document
Publication type
Policy area
Keyword
- BUSINESS AND COMPETITION
- business classification
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- FINANCE
- financial institution
- financial institutions and credit
- financial policy
- financial services
- financial supervision
- free movement of capital
- freedom to provide services
- innovation
- PRODUCTION, TECHNOLOGY AND RESEARCH
- research and intellectual property
- start-up
- venture capital