Impact of Regulations on Fintech Firms/Banking and Non-Banking Financial Services

Abstract

The rapid evolution of Fintech has transformed financial services, boosting efficiency and inclusivity. Yet, regulatory challenges abound for Fintech firms and traditional institutions. This chapter delves into Fintech regulation's historical context, global frameworks, and key regulations like licensing, data security, and AML compliance. It examines how regulations affect innovation, compliance costs, and competition. Solutions range from regulatory sandboxes to RegTech adoption. Case studies illustrate effective strategies, while future trends anticipate regulatory evolution and tech impact. Overall, the chapter offers insights into navigating the intricate relationship between regulations and the financial sector's dynamics.