The Financial Stability Board (FSB) found that FinTech platforms account for an increasing share of credit provision, hence stating that policymakers must consider the opportunities and risks such activity brings. With ten areas identified, three have been priorities for international collaboration in a report published jointly with the Committee on the Global Financial System (CGFS). The report defines FinTech activities and classifies them by their primary economic function, allowing the analysis to be technology neutral. This framework has been applied to various case studies and helps draw out the potential benefits and risks from FinTech.

FSB identified potential benefits in the report as decentralisation and increased intermediation by non-financial entities; greater efficiency, transparency, competition and resilience of the financial system; and greater financial inclusion and economic growth. Potential risks include institution-specific micro-financial risks that could emerge is an international body that monitors and makes recommendations about the global financial system.