Compliance can help fintechs grow from adolescence to adulthood
It may slow US banking down, but customer safety is the difference between success and failure
The teenage years can be a challenging time, marked by growth and awkwardness as one transitions from adolescence to adulthood. During this period, parents play a crucial role in providing guidance to minimise harm and avoid irreversible damage, arrest, or even death. Similarly, the relatively young fintech industry has experienced growing pains, but with good ‘parenting’, it is poised to emerge stronger and safer, particularly in banking.
Bank regulators must bring the digital age of finance
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