[7] Big techs are also seeking to expand the reach and improve the quality of financial intermediation through the large-scale processing of proprietary consumer data generated by their core activities. [8] They could use such data to reduce the information asymmetry that lies at the heart of financial intermediation.
This of course does not mean the Dutch banking sector is a calm landscape, as we witnessed with the full blown financial crisis of 2008 to 2010. During this crisis, the Netherlands had its fair share of crisis management experiences. And that was actually very much in the hands of Mr. Nout Wellink, depicted on the lower right hand side of the gallery.