Regulatory Complexity
Fintech regulations, especially in crypto and DeFi, are becoming stricter, requiring significant investment to ensure compliance with global laws.
Fintech regulations, especially in crypto and DeFi, are becoming stricter, requiring significant investment to ensure compliance with global laws.
With more digital transactions and AI integration, fintechs face rising risks of data breaches, fraud, and vulnerabilities through partnerships and open banking.
Fintechs struggle to adopt advanced technologies like AI and blockchain while ensuring smooth integration with legacy systems and scalability.
Attracting skilled professionals in AI, machine learning, and cybersecurity is challenging, as larger organizations offer more attractive compensation.
Fintechs must navigate regulatory and infrastructure barriers to offer smooth cross-border payments and open finance services.
Large tech companies entering the financial space are creating intense competition, especially in payment systems and embedded finance, compelling fintechs to innovate continuously.
To navigate these challenges, fintech companies are focusing on strategies like enhancing cybersecurity frameworks, adopting regulatory technologies (RegTech), exploring partnerships to leverage expertise, and prioritising sustainable and customer-focused innovations.