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Regulatory Challenges in Fintech: Balancing Innovation and Consumer Protection

Fintech Review

However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

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MAS Weighs In on Allianz-Income Deal, Focus on Consumer Protection

Fintech News

This will foster a competitive insurance market that offers choice, value and stability to protect the interests of policyholders.” ” Featured image credit: Edited from Freepik The post MAS Weighs In on Allianz-Income Deal, Focus on Consumer Protection appeared first on Fintech Singapore.

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Visa Boosts Consumer Protection With Smarter Bank Transfer Payments

Fintech Finance

Otto Benz, Director of Payments, Nationwide Building Society, said: “We know that businesses and consumers alike are keen to explore the benefits of A2A transactions, and we expect demand to increase in the coming years.

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MAS to Launch Revised Fair Dealing Guidelines for Greater Consumer Protection

Fintech News

” Featured image credit: Edited from Unsplash The post MAS to Launch Revised Fair Dealing Guidelines for Greater Consumer Protection appeared first on Fintech Singapore.

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CFPB takes aim at digital payment privacy and consumer protections

Finextra

The Consumer Financial Protection Bureau is looking into how it can apply existing privacy and consumer protections laws to emerging digital payments offered through Big Tech, as well as stablecoins and other cryptocurrencies.

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Vietnam to Launch Two-Year Sandbox for P2P Lending, Data Sharing

Fintech News

The pilot is expected to guide future legislation while ensuring consumer protection in Vietnams growing fintech ecosystem. Authorities have warned that some firms exploit the P2P model to mislead the publicoffering inflated profit promises or advertising easy credit with misleadingly low rates, only to impose excessive hidden fees.

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Consumer protection in payments - open banking implications

Finextra

Do payments systems need consumer protections built into them? Most countries have consumer protect.