Responsibility and liability in the case of malfunctioning machines have to be clarified. 4 FinTechs should not ignore the legitimate concerns of society and supervisors Agile tech companies are driven by an admirable energy and inspiration. By nature, they take risks. They create an idea, build a prototype and try it out immediately in the real world.
Regulation, supervision, obligations and requirements must make them extremely nervous. But the wellbeing of society depends on rules. The public demands cybersecurity, data privacy, consumer protection and financial stability. FinTechs should not brush aside the concerns of 2/4  BIS central bankers' speeches  their stakeholders. Business can only flourish if it is broadly accepted by citizens.