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Fintech and Striking a Balance Between Innovation and Consumer Protection

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Fintech startups providing mobile payments and alternative lending services have upset the status quo under which traditional financial firms such as banks and other regulated financial institutions operate, by creating alternative, often cheaper and more accessible venues to obtain capital and make payments.

Until now, Fintech has operated within a parallel world to the traditional financial sector because no specific regulations had been put in place to deal with Fintech operations.

For more on this story visit the following link: Fintech and Striking a Balance Between Innovation and Consumer Protection 

Source: National Law Review

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