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Comments: (3)

John Fitzgerald
John Fitzgerald - AIB - Dublin 16 August, 2016, 08:30Be the first to give this comment the thumbs up 0 likes

The level of regulation and legislation involved in the room renting business is a little lower than for financial services.

Also need to consider what risk you're taking - having the guts to put consumer deposits at risk probably isn't what you mean here.

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 August, 2016, 09:37Be the first to give this comment the thumbs up 0 likes

@JohnFitzgerald:

TY for your comment.

Typically, the room renting business is regulated at city level and finserv, at country level. Therefore, it could be argued that the room renting business faces a more complex regulatory framework than finserv.

But we'll never know. If a company doesn't go around checking the regulatory framework - which is the central theme of this post - how'd it know if X is more regulated than Y or the other way around?

I meant only regulatory risks. While that's explicit in Part 1 of this post titled “Fintechs Need Marketers And Lobbyists – Not Lawyers”, I do admit that it's not clear from this Part 2 alone. Thanks for bringing it up.

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 August, 2016, 16:56Be the first to give this comment the thumbs up 0 likes

I just read this apt line in today's FORTUNE DATASHEET:

"...I believe is happening at lots of much smaller startups that either don’t know any better or that have created a culture of flouting (in startup parlance, “disrupting”) the rules..."