Led by digital natives at the forefront of today’s innovations, fintech is built on modern cloud-based online platforms that are, like all systems, open to the risk of hacking. The lead time necessary for regulators to familiarise themselves with the ever-advancing technologies means that they cannot close the gaps fast enough to protect customers effectively and prevent criminal infractions. On the other hand, the speed at which fintechs are advancing also leads to the thought that perhaps it is through fintech solutions that regulators (in both the traditional finance and fintech space) could improve on their operations to remain one step ahead.

https://www.ft.com/content/23197fbe-7f76-11e8-8e67-1e1a0846c475