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FinTech – Too Big to Stay Unregulated

Financial technology has been growing by leaps and bounds in the last few years – with regard to the technology itself, the discovery of its use cases in making the financial lives of users easier, and in acceptance by users of financial services. Neo-banks have been launched, giving customers an alternative to the traditional ways of banking. There are numerous FinTech solutions offering domestic and international payments and remittance solutions, taking away a part of banks’ most lucrative business away. Cryptocurrency is being touted as the base for all low-cost, high-speed solution for problems created by legacy systems and processes.

The latest kid on the block – ICOs (Initial Coin Offerings) – has been in the news lately for many reasons. From becoming the easy way of raising money (almost $1.3 bn ...

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