Sundeep Yerapotina on Personal Finance, Fintech, and More

Contributing sentiments towards policy:

67% : Finally, financial regulation is required for enforcement of the true spirit.
67% : Speaking of regulation, it offers both an advantage and a challenge to Fintechs.
63% : In a free market like the U.S., competition can limit such undue advantage.
61% : We have seen a Fintech boom in the last few years, claiming innovation on the back of technology and data mining.
60% : The income generated from the job acquired through that academic qualification should allow us to be able to repay the student loan back.
60% : Purely in terms of utility, the education gained from taking the student loan should help us get a job with higher income than one without.
59% : For example, student loans allow us to invest in our education, which will help us acquire the needed knowledge and skills, and subsequently build a career and wealth that we might not otherwise have. To give another example, home loans allow us to invest and live in a house, helping us eventually acquire ownership of it.
58% : In the context of our conversation, banks/financial institutions, and even academic institutions, in the case of student loans, require checks.
56% : Regulation needs to ensure fair lending and other healthy practices that safeguard consumer interests and their financial well-being.
55% : Financial services is a highly regulated industry, and the cost of regulation is demanding after a financial institution achieves a certain scale.
54% : It requires earnest participation from the players involved, with regulation creating the cordon to ensure the sustenance of healthy practices that are critical to maintain the balance.

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