Work undertaken by the various working groups at the Financial Stability Board and the Bank for International Settlements has been proactive in trying to understand FinTech developments and robustly exploring its benefits, risks, and appropriate regulatory frameworks. The SARB is committed to staying abreast of and contributing to global thought leadership on FinTech.
Page 11 of 13  Cyber-risk  In addition to these FinTech innovations, we are witnessing a rise in cybersecurity risk, which could undermine financial stability. The rapid adoption of new and emerging technologies increases the possibility of technology and systems failure.