The article analyzes the role of Fintech and BigTechs as alternative financial institutions. It notes also the emerging of some conceptually new mechanisms for the creation and distribution of financial products and services based on platform solutions and in the absence of a centralized intermediary institution. In this context it is discussed whether alternative finance does not create a new boundary problem and what related risk are to be tackled. Arguments are given in support of the need for complex, integrated and high-tech supervision of this increasingly popular segment of the financial system and complex risk categories are proposed.
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