The level of risk banks face is influenced by many factors,
including their size and the jurisdictions they do business in.
That level of risk will also have an impact on the compliance
and due diligence processes financial institutions will be
required to carry out.
By the same logic, smaller fintech businesses will therefore
be on the receiving end of lighter oversight from authorities
than their larger counterparts, according to speakers at last
Thursday’s FinTech Europe 2017 event in
But this doesn’t mean they are completely free
to carry out any activity completely unregulated, as they will
still have to comply with a...