Fintech is challenging the way traditional financial regulation is conceived. Disruption is having an impact not only on the structure and functioning of the financial system, but on the role that regulators and financial supervisors must play.
For highly regulated industries like fintech, cloud companies can be helpful local partners to support and guide foreign companies through the regulatory and technical challenges of expanding into new territories.
Researchers are already trying to develop technology that is resistant to quantum hacking, and on the flipside of that, it’s possible that quantum-based cryptographic systems would be much more secure than their conventional analogues.
The mass adoption of mobile payments both online and in-store has paved the way for a tech savvy population that is leap frogging the banking system to access financial services. Like with some popular challengers in the UK, mobile first is becoming mobile only.