> I mean, there is an assumption in your post. That assumption is that a 15 year old should be able to give their money to some untrustworthy stranger to do who-knows-what and expect to get the money back.

No I’m saying companies shouldn’t be able to look like banks without being regulated like them. This could be through a government agency, or a rating or industry organisation that guarantees orderly shutdown.

If the travel industry can ensure tourists aren’t stranded abroad when travel agencies go bust why can’t fintech.