The regulation of the jurisdiction is that: "In the event that FinTechs neither conduct activities that require a license that are subject to supervision by the Financial Authority, nor activities where they are obliged under commercial law to comply with due diligence obligations for the combatting of money laundering and terrorist financing, under the current legislation they are not the intended addressee of these rules". Commonly, the types of services found in fintechs requiring authorization are:
crowdfunding and online money pools;
cryptocurrencies (such as bitcoin, including innovations such as smart contracts or blockchain);
mobile payments;
online banking;
open banking;
insurtech;
proptech;
regtech;
robo-advisors and learning technology;
personal finance and wealth management.
See for example in the USA "Fintech Laws and Regulations USA 2023-2024": https://iclg.com/practice-areas/fintech-laws-and-regulations/usa
Interaction Fintech falls under the area of operational risk management and credit risk management services. Operational risk management is the set of practices and processes, supported by a risk-based culture and technologies, including interaction Fintech, that improve decision-making and performance measurement through an integrated view, including management accounting IT, of how the company manages its unique set of risks. These are not activities subject to banking supervision. Investment services and payment services fall under the remit of banks or the Central Bank.