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Using a sample of 26 banks from an emerging market (Malaysia), over the period 2003\u20132018, we find that the development of FinTech firms over time increases bank financial stability. We uncover further evidence that FinTech firms\u2019 impact on bank financial stability holds when we conduct sub-sample analyses by bank size, bank type (Islamic vis-\u00e0-vis conventional), and level of corporate governance. 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