This is a good underpinning for them to ask the proper questions of the banks they oversee, and to assist those institutions in making progress. BIS Review 8/1999  –4–  Finally, we should be interested in the preparations of the infrastructure providers that support the global financial system. Central banks, including the Federal Reserve, have met with S.W.I.F.T.
By responding to consumer needs for security, trust, privacy and lower cost services, the FinTech industry is poised to affect an array of financial services in a big way. More widely, I believe that FinTech has the potential to enhance financial inclusion and unlocking SMEs and microenterprise’ access to financing.