Challenges
Alex, a mid-level compliance officer in the Washington, D.C. office of a financial regulatory agency, faces the challenge of monitoring a rapidly evolving fintech sector for compliance with new regulations aimed at protecting consumer data privacy. With fintech companies frequently launching innovative financial products and services, Alex struggles to stay ahead of potential regulatory breaches. The traditional methods of monitoring and enforcement are proving inadequate in the face of the sector’s pace of innovation and the complexity of the technologies involved.