Why Is It so Hard to Regulate FinTech?

As we have been exploring the world of FinTech, it became quite obvious that FinTech is rebellious in nature as it blurs international borders with ease and speed. FinTech is free from the regulatory burden the banks have to carry, which is why bright entrepreneurs were able to consolidate so much financial power internationally.

However, the beast has to be tamed at the least cost and that’s where a relatively new segment has emerged—RegTech. The term refers to a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology. RegTech solutions are agile by nature due to the complexity and momentum of regulatory transitions. Traditionally, the technology was developed to be robust. However, RegTech can’t ...

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