FINSERV
Fintech is Democratising Finance | AIM Summit Webinar
“ The pace of innovation is fast , and ecosystems are the critical ingredient to successfully tackling wellworn topics ”
KIM MINOR SENIOR VICE PRESIDENT OF GLOBAL MARKETING AT PROVENIR
This collaborative approach also helps reduce the risk associated with innovation , as organisations can spread the cost and responsibility for testing new ideas across the network .
" The regulator here in the UK remains incredibly collaborative with fintechs and the wider financial services industry and strives to strike a balance between fostering innovation and keeping consumers safe ," said Olivia Minnock , Editor at FinTech Alliance . " It ' s here that the term ' ecosystem ' is most important – regulating something like BNPL or cryptocurrency is not a two or even three-way conversation , but involves a matrix of parties feeding back and forth , including government , regulator , fintechs , traditional institutions , merchants and of course the customers at the centre of it all ."