Skip to content
Wellesley Hills Financial
  • Home
  • Services
    • Services Overview
      Restructuring
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
      Insights
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • Featured Articles
      • Market Movements
  • Contact
  • Home
  • Services
    • Services Overview
    • Transaction Advisory
      • Targeted M&A
      • Defensive M&A Services
      • Capital Raising
      • Restructuring
    • Strategic Advisory
      • Valuation
      • Payments Analytics
  • About Us
  • Transactions
  • Insights
    • Insights Overview
    • Our Top Picks
      • Week’s Most Interesting
      • Crypto
      • E-commerce
      • Embedded Finance
      • Fintech
      • Fraud / Risk Management
      • Investments – M&A
      • Open Banking
      • Payments
      • Saas
      • Specialty Finance / LendTech
    • Other Resources
      • Featured Articles
      • Market Movements
  • Contact

US Bank Regulator Warns of Crisis Risk from Fintech Proliferation

Screen Shot 2022-09-10 at 6.17.45 PM
  • September 10, 2022
  • Fintech, Insights

Major US banking regulator, Michael Hsu, acting Comptroller of the Currency, warned that the proliferation and rise of fintechs and digital banking services could spur unforeseen financial risks, and destabilization to the financial system over the long term. In a conference speech in New York, Hsu said, “I believe fintechs and big techs are having a large impact and warrant much more of our attention.” He added that the encroachment of fintech firms into the traditional financial sector, including through partnerships with banks, has increased complexity and “de-integration” across the banking sector. 

U.S. Bank Regulator Warns of Crisis Risk From Fintech Proliferation

SEE MORE INSIGHTS
Wellesley Hills Financial

1087 Beacon Street, Ste. 204
Newton, MA 02459
Phone: + 1 617-465-2425 

Twitter Linkedin

Securities transactions introduced through Wellesley Hills Securities, member SIPC/FINRA

Privacy Policy | Terms + Conditions

Copyright 2022 – Wellesley Hills Financial

MARKET INSIGHTS NEWSLETTER

Breaking industry news delivered to your inbox each week.

Market Insights Newsletter

Industry-specific market commentary, analysis, and research delivered weekly.