As a Valentine’s Day gift to the world, the Basel-based Financial Stability Board (FSB) published a report on the application of technology to finance, or fintech, and the structure of the financial services market. The subtitle of the report, deeper, reveals the intentions of the authors: “changes in the markets and implications for financial stability.” The premise of the report is simple. The entry of large technology companies, the Big Tech , to the financial scene can “affect the degree of concentration and disputability of financial services, with potential benefits and risks to financial stability.” The emphasis is placed on…