Tech Firms Will be Regulated Like Banks in the Future

Chris Skinner notes that the tech industry is the least regulated industry in the world according to a Bank of America study. But given the backlash against tech firms in recent times this will likely change. Data is the new money and soon regulators will recognize this. And as tech firms continue to move into finance they will become more regulated anyway. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.