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Ripple Comments on Mark Carney’s Speech on Fintech Regulations
Danny Aranda, managing director Europe, Ripple comments:
“We strongly agree with Mark Carey’s comments that innovation in fintech, especially when in collaboration with banks, can provide next generation products that go a long way to unlocking financial inclusion and better meet the needs of customers.
“However, despite continuous innovation in the FinTech industry, the risks it poses are not new. Managing these risks has always been and remains of utmost importance. As a financial industry, we have a well-founded principle-based framework for mitigating risk that is a natural starting point for this discussion. We believe it is the responsibility of the whole industry to ensure that risk is always considered in the development and refinement of new and existing products.
“We’re grateful that Mr. Carney has drawn attention to this issue once again and it is important to continuously remind the industry that it is through maintaining the highest of standards that fintech’s potential will be fully realised.”
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TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity
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A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience
Ethos and Liberty Mutual Insurance, announced they are working together to expand the reach of Liberty Mutual's direct-to-consumer life insurance offering
Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S.
Simply Business, a digital insurance marketplace for small businesses, announced the launch of its business insurance app in ChatGPT in the U.S
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors
Hippo announced the appointment of its current EVP and Chief Strategy Officer and former Chief Financial Officer, Stewart Ellis, to the Company's Board of Directors
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk