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Both reports fall under the wider context of the newly established EBA FinTech Knowledge Hub and aim to raise awareness within the supervisory community and the industry on potential prudential risks and opportunities from current and potential FinTech applications and understand the main trends that could impact incumbents' business models and pose potential challenges to their sustainability.
Report on the impact of FinTech on incumbent credit institutions' business models
The report sets out five factors that might significantly affect incumbents' business models from a sustainability perspective:
The report concurs that currently the predominant type of relationship between incumbents and FinTech is partnership with FinTech firms, which is considered a "win-win" situation.
Report on the prudential risks and opportunities arising for institutions from FinTech
The report assesses seven use cases, where new technologies are applied or considered to be applied to existing financial processes, procedures and services. The report aims to provide both competent authorities and institutions with useful guidance on such applications. It focuses on micro-prudential aspects, setting out potential prudential risks and opportunities that may arise from each use case.
Report on prudential risks and opportunities arising for institutions from_FinTech
Report on the impact of_Fintech on incumbent credit institutions' business models