Regulators notice Fintechs

The Pandemic has driven Digital Acceptance, and the regulators are only now beginning to react. Chinese regulators have acted publicly, but globally all regulators are taking notice. About a two minute read.

Comment: while JP Morgan warned last month some banks could “go the way of the dinosaur”, they clearly meant those least capable of necessary change. Most incumbents are proving to be fleet of foot, as evidenced by the recent, COVID driven wave of acquisitions. Specifically, incumbent financial institutions acquiring struggling Fintechs, financially damaged by the Pandemic’s well documented effect on liquidity.