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25min chapter
S8 E6: Bank Nerd Corner: What is the BSCA and What Can It Do?
Fintech Takes
Regulating Bank Service Providers
This chapter explores the Bank Service Company Act (BSCA), focusing on its historical context and evolving regulatory implications for banks and their third-party service providers. It examines the challenges and dynamics of relationships between banks and fintech companies, emphasizing the importance of accountability and consumer protection in the rapidly changing banking landscape. The discussion highlights the need for clarity in regulatory frameworks to ensure operational safety and trust within the financial sector.
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