How to Regulate Fintech Without Stifling Growth

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The financial technology revolution is changing the way the global market works. Armed with unparalleled speed and innovation, fintech has completely transformed the formerly exclusive nature of the corporate financial ecosystem. This emergence includes anything from automated payment apps to personal lending and wealth management. Fintech innovation has enabled a new selection of consumer financial access, accelerating economic growth for various user platforms.

However, the growth of fintech also raises some regulatory challenges, particularly regarding how much to oversee consumer protection in a way that doesn’t restrain growth. Regulators struggle to craft policies that encourage fintech while protecting consumers from potential harm. Too little regulation means out-of-control risks; too much regulation may choke off innovation.

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