An important field that is deeply affected by the innovative technologies designed to extract value from Big Data is financial stability. Fintech firms use Big Data and new technologies to create new products and grant continuous access to financial services. This is a welcome development, as it increases competition and stimulates productivity.
However, the development of new lines of business and closer, direct interconnections between banks, other intermediaries and investors may well affect the stability of the system. Public authorities must carefully examine the changes induced by digital technologies and value innovative projects to preserve the stability, the efficiency, and the security of the financial sector.