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DeepNewz, mobile.
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As fintech companies Klarna and Revolut continue to expand their services, they are likely to face increasing regulations and compliance costs. According to Paul J. Davies, the growth of these startups will attract more scrutiny from financial watchdogs, which could impact their profitability. The expansion into traditional banking services will further pressure their bottom lines as they navigate the complexities of regulatory requirements. The conversation around the future of fintech lending also highlights the importance of strategic partnerships in this evolving landscape.
Hand In Hand: Are Strategic Partnerships The Future Of Fintech Lending? #payments #fintech #paymentsolutions @TopCyberNews @SpirosMargaris @MarshaCollier @MHiesboeck @MHcommunicate @Fisher85M @MikeQuindazzi @NealSchaffer https://t.co/sK5fQhYqR1
Over the next few years, do you expect more compliance liability on bank partners or fintechs?
Growth is a problem for fintechs: It means ever more attention from financial watchdogs — and that costs. The more #Klarna and #Revolut add to their top lines with trad banking services, the more that will squeeze their bottom lines, too. https://t.co/YuYNO2JWkm via @opinion