Fintech account closures often feel sudden and unfair. But in most cases, they’re driven by compliance rules, automated monitoring, and risk management not personal judgment. Fintechs are required to act quickly when certain patterns appear, and regulations often prevent them from sharing full explanations. Understanding this doesn’t make it less frustrating but it explains why it happens. Save this if you use fintech apps regularly. #Fintech #DigitalBanking #financialrisk #bankaccount
@fintechbits Fintech account closures often feel sudden and unfair. But in most cases, they’re driven by compliance rules, automated monitoring, and risk management not personal judgment. Fintechs are required to act quickly when certain patterns appear, and regulations often prevent them from sharing full explanations. Understanding this doesn’t make it less frustrating but it explains why it happens. Save this if you use fintech apps regularly. #Fintech #DigitalBanking #financialrisk #bankaccount
