Fitch: Fintech Bank Charters a Regulatory Balancing Act

NEW YORK–(BUSINESS WIRE)–The potential for financial technology (fintech) firms to obtain federal bank charters could have significant impacts on the operating strategies and regulatory environments for some players in this emerging sector, says Fitch Ratings. The exploratory move is in line with a broader desire by regulators globally to formulate a regulatory stance that ensures appropriate oversight and monitoring of fintech companies without stifling innovation. A comment published last w