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Topic Fintechs Innovative financial technologies
New innovative technologies are also driving digital transformation in the financial industry. Big data, artificial intelligence, distributed ledger technologies such as blockchain, and cloud services are just some of the key concepts in this field.
Alongside innovations such as progress in artificial intelligence or distributed ledger technology, there are a range of additional technological fields such as cloud services that, owing to overall technical progress, have long become part of daily operations in the financial market, and that are thus also considered as part of BaFin’s supervision.
The following overview is therefore focussed on selected developments that, as a result of their potential to disrupt the financial system, raise new questions with regard to their supervisory or regulatory implications.
• Big data and artificial intelligence
• Cloud computing
• DLT/blockchain
• Quantum computing