Rebecca Geldard
November 1, 2024
This video is part of: Centre for Financial and Monetary Systems
Fintech, short for financial technology, is experiencing rapid growth. This growth translates into benefits for several key demographics.
Fintech offers a lifeline to underbanked groups:
While AI holds promise for the future, Zhang, from the CCAF, emphasizes the need for regulations and policies that can keep pace with the fast-changing nature of technology to manage risks like fraud and ensure consumer protection.
These regulations should adapt to the fast-paced nature of fintech without stifling innovation.
Rebecca Geldard
November 1, 2024