Financial regulators are usually compelled, particularly in periods of disruptive innovations, to react and control the potential sources of systemic risk. The use of approaches such as the risk-based regulation (RBR) facilitates the regulator falling into the circle where several types of risks are ignored, and only those risks regulators perceive to be more prominent are regulated. This chapter argues that the RBR of FinTech should integrate the multiple and diverse perceptions of risks and uncertainties that regulators and regulated entities have. In this scenario there is a constant challenge to achieve a balance between potential conflicting interests; cooperation with regulated entities would contribute to the design and facilitate the effective implementation of the regime. The risk-society theory provides the context to argue that the artificial intelligence is a "manufactured-risk-scenario" and a formation of the modern society in financial markets.