For a country's economic development, the sectors with high productivity and potential for growth need to play an active role. And it is essential that risk money is channeled to such sectors without hindrance, and for that purpose, the limited resources on the part of financial intermediaries should be allocated efficiently and concentrated in the areas with highly added value.
The rise of “open banking” and the increased accessibility of bank accounts by third parties represent the most visible innovations in this field and are already contributing to reshaping the financial landscape. Conduct supervisors must intensify the use of data and algorithms to increase the efficiency and scope of supervisory actions.