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Business Daily: 12/10/2015 07:32 GMT: FinTech's Regulatory Reality

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FinTech's Regulatory Reality

12/10/2015 07:32 GMT

12/10/2015 07:32 GMT: FinTech's Regulatory Reality

BBC World Service - Business Daily, FinTech's Regulatory Reality

Why financial tech firms face regulation, Jamaicans come home, and Amazon's home truths

Why financial tech firms face greater regulation to compete with mainstream banks, Jamaican business-people return home to set up on the island, and Amazon's home truths.

Business Daily delves into the brave new world of FinTech - financial technology. In Britain alone, these new money transfer platforms are valued at some $30bn. But can they really threaten the mainstream banks in Europe and the US without much tougher regulation? A leading FinTech boss, Kristo Käärmann, executive founder of the money transfer service, Transferwise, gives us his opinion. Also, why Jamaicans are returning from abroad to set up shop back home. And, Lucy Kellaway of the Financial Times offers some tough home truths about one rather controversial tech firm - it may not be popular but in her view, at least it tells it like it really is.

(Photo: Credit cards on computer keyboard. Credit: AFP/Getty Images)

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12/10/2015 07:32 GMT: FinTech's Regulatory Reality

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