The influence of technology in financial markets is not new, however, the rate of progress has markedly increased in the past few decades, due in large part to the large increase in access to information technology and the advent of new technologies such as artificial intelligence (AI). Technologies such as mobile money or peer to peer lending have had markedly increased financial inclusion across the globe. However, these innovations also bring new risks and pose novel challenges for the regulators to ensure the safety and soundness of financial markets.