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In most international locations, they’re unregulated and have become fertile floor for scams and frauds. Regulatory uncertainty for ICOs has additionally allowed entrepreneurs to slip security tokens disguised as utility tokens past the U.S. Regtech, which seeks to help monetary service firms meet business compliance rules, particularly those masking Anti-Money Laundering and Know Your Customer protocols that struggle fraud. Since the mid-2010s, fintech has exploded, with startups receiving billions in enterprise funding and incumbent financial Technology news companies both snatching up new ventures or constructing out their own fintech choices. Similarly, Better Mortgage seeks to streamline the house mortgage course of with a digital-only offering that may reward customers with a verified pre-approval letter inside 24 hours of applying. GreenSky seeks to link house improvement borrowers with banks by helping customers keep away from lenders and save on interest by offering zero-interest promotional periods.