Financial services are among the most heavily regulated areas in any advanced economy in order to ensure its integrity and stability, protect users – whether consumers, business or investors – and promoting efficiency through competition. It is undeniable that regulatory compliance is fundamentally crucial to “Fintech” companies. However, due to the breadth of the “Financial services” sector, it is difficult to discuss “Fintech Regulation” per se . The regulatory treatment of da-ta is the key to the financial services industry; however, the International Organization of Securities Commissions (IOSCO) identified eight areas that constitute what is currently called “Fintech.” Such areas are payments, insurance, planning, trading and investments, blockchain, lending/crowdfunding, data and analytics, and security. Any attempts to map regulation can be complicated by the fact that it can be tough to assess whether innovative new products fall within the regulatory regimes and if they do, how the various requirements might apply. There are still specific regulatory challenges to the immediate uptake of new technologies in the banking industry