With the emergence of technologies such is artificial intelligence, smart contracts, blockchain, cloud computing, internet of things(IoT), big data, the financial service industry welcome the addition of new financial intermediaries such as digital banks, robo-advisors, e-wallets,crypto assets, over the counter (OTC) desk, crypto asset trading platforms (CTP), crowdfunding portals, peer-to-peer lending platforms, insurtechs, and regtechs. Challenging the regulatory become complex in the globalization of fintech. Ensuring to protect consumers and market participants from new risk needs to deal with proper response while also reaping the benefits of technology.
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