Putting The Reg Into Tech

Fintech as a concept can be viewed as having two intertwined and converging strands - traditional financial services companies using technology to improve and deliver their services to their customers, and technology companies providing financial services directly to their own customers. Each poses different challenges.

Traditional financial services providers often straggle with legacy systems and processes that are inflexible and expensive to adapt, while technology companies, which are used to moving quickly, find themselves in an unfamiliar, heavily regulated environment, learning to work with regulators who take time to consider innovations and do not subscribe to an '80 / 20 rule'.