Competition issues in the area of Financial Technology (FinTech)

Study 09-07-2018

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.