The collapse of San Fransisco based fintech firm Synapse earlier this year highlighted some of the vulnerabilities around the way banks and fintech firms work together. It showed how a problem at one firm, or even within one part of its operations, can have a knock-on effect on firms and
Fintech oversight: Where should responsibility lie?
Should banks be solely responsible for fintech compliance, or can the regulators also shoulder some of the burden? We discuss some of the arguments around this key question.