1) Describe the ways in which FinTech is creating new sources of risks &

challenges

Ans. Company that I am selecting is PWC

Fintech is a portmanteau word joining cash related and advancement. It tends to the
going with season of the movement of monetary associations, wherein improvement
and progression focussed new associations and new market hopefuls redesign things
and associations beginning at now gave by the standard cash related associations'
industry.

Fintech has two essential sections: advancement driven progress in the conventional
financial region and the improvement of new vehicle models to offer cash related
kinds of help.

Fintech has disturbed all bits of the business—banking and capital business zones,
resource and abundance the board, security, and assets move and segments. The
progressing and segments an area is foreseen to encounter a raised level of obstruction
with the climb of online stages that stimulate crediting and getting among people and
affiliations, circled particular credits, and inventive models for progressing to
basically nothing and medium endeavors.

Fintech has not as of late incited the headway of new associations in any case has
correspondingly started upsetting the manner by which standard banks offer
associations to clients, as banks might want to combine different mechanized channels
into an omnichannel client experience.

The broadening assurance of immense information, the movement of better strategies

to perceive and evaluate risk, calculation based hypotheses, and stages for clients to
separate and upgrade their portfolios have vexed the resource and abundance the
bosses business

Blockchain advancement has correspondingly upset fintech through the improvement

of automated financial structures, for example, bitcoin, which are changing segments
and cash goes through the expulsion of go-betweens and progress of 'sharp' contracts.
In general models, for example, the decreasing age of the normal working
environment and expanding urbanization, digitisation and expendable livelihoods,
have added to the progress of the fintech business.

Consider how participating in FinTech markets increase risks within the firm
Ans The money related organizations' zone handles fragile information about
individuals and tries. With the improvement of fintech, more data is as of now
available in cutting edge setups, which makes it more straightforward to
separate and make encounters yet also makes the data more defenseless to
security enters.

As more organizations go on the web, data inescapability, and hence data

security, is winding up being a critical test for fintech
Danger associated with it are

 Managing client access

 Data possession

 Seamless information sharing

 Cross-stage malware defilement

 Managing the computerized characters.