Are you embracing the use of fintech solutions and emerging technologies in your business? If so, have you adopted a proactive response to the emerging risks and the growing regulatory and supervisory scrutiny?
The list of regulatory and supervisory responses to fintech-related risks continues to lengthen. And this will continue to ratchet up over the coming years as the fintech sector and the adoption of fintech solutions continue to develop and grow.
Firms entering the fintech space need to factor the ever-changing nature of regulation and supervision into their strategies, business planning, governance and risk management.
This report highlights:
- The importance regulators and supervisors place on Board and senior management awareness and understanding of fintech applications and fintech-related risks.
- The risks to consumers from a lack of consumer understanding; mis-selling of products and services; and data privacy, security and protection.
- The broader risks to firms, including business model viability, governance, technology risk and operational resilience, data handling and the use of artificial intelligence, and conduct and AML issues.
Regulation and supervision of fintech
This report looks at fintech-driven regulatory change.
