About this document
Risks and Challenges in Fintech Industry by Taaran Reddy is a document available to read on EtoBox.
The document outlines several downsides and risks of fintech including: 1) Financial instability from algorithmic trading and retail investor coordination that can drive flash crashes and short squeezes. This led to bank runs at SVB and Signature Bank. 2) Many fintechs operate without profits and cut costs on security, customer service and regulatory compliance when funding dries up, putting customers at risk. 3) Security risks include data hacking, identity theft, crypto exchange hacks and ransomwar
- Author
- Taaran Reddy
- Language
- EN