Fintech has advantages such as being unburdened by regulators, legacy IT systems, branch networks, and not having the need to protect existing businesses.

Question

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Fintech startups are often unburdened by traditional financial services institutions' challenges, such as regulations, legacy IT systems, and branch networks. This flexibility allows them to move quickly and respond to market demands, innovate more rapidly, and provide better customer experiences. They also don't have the need to protect existing businesses, which can give them more room to experiment and take risks.

Fintech Has Advantages Such as Being Unburdened by Regulators, Legacy