The key to fintech is trust
Fintech is revolutionising how financial services are delivered and consumed, but it’s essential that regulators get the balance right for everyone’s interests
Regulators, while recognising the many benefits fintech can bring, such as reducing costs for consumers while increasing consumer choice and convenience – are challenged by how those new fintech business models have the potential to impact on the stability of the traditional financial system.
Many of the technologies and business models being developed by these new companies don’t fall neatly within any particular set of regulations, which also presents problems.
Proper regulations will...
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