Oh god! Oh god! How weary, stale, flat, and unimaginative. Seem to us all the measures proposed by the World Economic Forum – but enough Shakespeare, let’s talk about how to regulate fintech.
“The financial sector is at an inflection point,” one can read in a recent report by the World Economic Forum (WEF). Over the past decades, some financial institutions had risen to global too-big-to-fail giants. At the same time, young tech-companies have begun to disintermediate the value chain of traditional banks.
It is a potentially explosive mixture.