Fasten your seat belts: The switch to Fintech 2.0 has just begun

Yet two months later, an internal survey by the Fintech Association for Consumer Empowerment — in collaboration with the Center for Financial Inclusion, an American think-tank — saw governance risk being ranked as low as 19 by non-lenders, and another three spots lower by lenders. If fintechs are not getting the message from Mint Road (or worse still, ignoring it), what explains this state of affairs, given the billions of dollars in private equity (PE) and venture capital (VC) money riding on them?