2min chapter

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2023 Big Ideas in Technology (Part 2)

a16z Podcast

CHAPTER

FinTech - The Future of Compliance

Financial services companies face more than 50,000 regulations across dozens of federal and state agencies. The existing and very manual compliance policies and risk processes are failing at both large financial institutions and FinTech's startups supported by sponsor banks. In 2023, companies of all sizes will turn to software to solve their challenges. We expect to see more tools for sponsor banks to manage third parties,. More compliance infrastructure serving default global companies.

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