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Bloomberg Quint

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Image Credit: Bloomberg Quint

Frictionless Finance Is The Latest Fiction We Seem To Love

  • Frictionless finance sounds like progress — until you realise brakes exist for a reason.
  • Regulators actively push for frictionless finance, yet they also impose cooling-off periods for high-risk transactions.
  • Friction is poorly understood in the finance industry and has been cast as the villain in an industry obsessed with speed and convenience.
  • Fintech leaders and BFSI regulators are infatuated with the idea of a frictionless world, where transactions glide seamlessly and consumers never have to stop and think.

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