• CHILUKURI VIJAYA KUMAR
• Dr Hameed kan

The resulting pressures on regulatory architecture. The disaggregated nature of the market challenges existing jurisdictional boundaries, supervisory models, and investor protection frameworks, which were designed for an integrated financial intermediation model. We discuss the necessity for regulatory innovation, including the development of activity-based, technology-neutral rules; the appropriate oversight of data governance and algorithmic accountability; and the regulatory responses to systemic risk arising from interconnected yet non-traditional infrastructure. The core finding is that while FinTech intermediation promises greater efficiency and access, its successful integration requires a careful calibration of innovation with systemic stability. The research concludes by offering a framework for policy-makers to ensure that the benefits of a disaggregated financial system are realized without compromising market integrity or broad investor confidence. The resulting pressures on regulatory architecture. The disaggregated nature of the market challenges existing jurisdictional boundaries, supervisory models, and investor protection frameworks, which were designed for an integrated financial intermediation model. We discuss the necessity for regulatory innovation, including the development of activity-based, technology-neutral rules; the appropriate oversight of data governance and algorithmic accountability; and the regulatory responses to systemic risk arising from interconnected yet non-traditional infrastructure. The core finding is that while FinTech intermediation promises greater efficiency and access, its successful integration requires a careful calibration of innovation with systemic stability. The research concludes by offering a framework for policy-makers to ensure that the benefits of a disaggregated financial system are realized without compromising market integrity or broad investor confidence.

"The Disaggregated Financial System: Influence of FinTech Intermediaries on Securities Investment, Market Microstructure, and Regulatory Architecture", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 10, page no.d753-d763, October-2025, Available :http://www.jetir.org/papers/JETIR2510396.pdf

"The Disaggregated Financial System: Influence of FinTech Intermediaries on Securities Investment, Market Microstructure, and Regulatory Architecture", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 10, page no. ppd753-d763, October-2025, Available at : http://www.jetir.org/papers/JETIR2510396.pdf