Author: Michael Ferretti

Michael Ferretti is a financial expert and one of the original employees of, a personal finance website dedicated to providing its readers with practical tips and resources for managing their finances. With over a decade of experience in the finance industry, Michael has helped countless individuals and families achieve financial stability and success. Prior to starting Slimger, Michael worked as a financial advisor for several prominent investment firms. During this time, he gained extensive experience in investment planning, retirement planning, and risk management. His goal is to empower his readers to take control of their finances and achieve their financial goals, whether that's buying a home, starting a business, or retiring comfortably.

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…

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