October 30, 2024
In the world of regulatory change management (RCM), AI is proving to be a revolutionary force, transforming every step of the process and generating substantial business value. According to 4CRisk.aiBy looking at a typical RCM workflow, we can see how AI not only streamlines operations, but also significantly improves return on investment (ROI), providing a
October 30, 2024
Reserve Bank of IndiaT Deputy Governor Rabi Sankar spoke at the Global Fintech Festival 2024 on Thursday. In his speech, he spoke about the self-regulatory organization (SRO) to regulate the financial technology sector. He said the fintech sector faced trust and integrity issues because it was not regulated by a regulator. He added that it
October 29, 2024
In today's rapidly evolving regulatory environment, the need for continuous and vigilant KYC processes is more critical than ever. According to Moody'sWith the expansion of anti-financial crime legislation and increasing sanctions, not only traditional financial institutions, but also global corporations, asset managers, insurance companies, crypto wallets, security providers technology and rival banks find themselves under
October 29, 2024
Mumbai: As frenetic digitalization reshapes the financial landscape, India must learn to balance innovation and prudence, Reserve Bank of India (RBI) Governor Shaktikanta Das said, urging financial institutions and fintechs to capitalize on new opportunities while mitigating risks. More Indians are turning to digital financial services, and their expectations for “personalized, efficient and seamless” experiences
October 26, 2024
With MiCA expected to come into effect in 2024, now is the time for crypto-asset market participants to implement technologies and processes to monitor market abuse, money laundering and fraud. Access our practical guide to prepare for the upcoming MiCA regulation.
October 26, 2024
In the evolving fintech or financial technology landscape, India sits at the intersection of innovation and regulation. What began as a quest for stability and oversight has transformed into a dystopian odyssey, where good intentions pave the way for chaos and unintended consequences lurk around every corner. Our story today begins with a modest trigger:
October 24, 2024
Stripe, the world's most valuable fintech startup, announced Friday that it will temporarily move to an invite-only model for signing up new accounts in India, calling the move a "difficult decision" as it scales in the country’s evolving regulatory landscape. In a statement published on its websiteStripe said businesses in India will no longer be
October 23, 2024
As 2024 draws to a close, the financial services industry is bracing for a dynamic compliance landscape in the year ahead. With increasingly stringent regulatory frameworks, organizations must stay ahead of emerging trends to successfully manage these changes. The advent of advanced technologies, including artificial intelligence (AI), continues to reshape risk management practices, introducing both
October 22, 2024
The fintech revolution is advancing at an unprecedented pace, reshaping the global financial landscape. Innovations such as digital payments, blockchain, AI, machine learning and decentralized finance (DeFi) are transforming financial services, making them more efficient, accessible and user-friendly. However, this progress presents significant regulatory challenges that must be addressed to ensure a stable and secure
October 22, 2024
Free newsletter Get the latest Fintech Singapore news delivered to your inbox once a month Thailand's Securities and Exchange Commission (SEC) has announced upcoming regulatory changes regarding the use of digital asset payments. Starting September 6, restrictions on the use of digital assets as a means of payment will be eased and digital asset businesses
October 18, 2024
In 2023, the global regulatory landscape revealed a startling revelation: fines imposed by authorities exceeded a colossal $10.5 billion. This figure not only reflects stringent enforcement measures, but also highlights new areas of regulatory oversight. This conclusion comes from the latest quarterly application data report for 2023 from CorlyticsA regulatory risk monitoring platform. The EU,
October 17, 2024
Regulators stepped up their enforcement actions during the third quarter of 2024, setting unprecedented records in the number and scale of sanctions, according to a report from a global regulatory intelligence firm. Corlytics. Among these actions, the Commodity Futures Trading Commission's (CFTC) $12.7 billion ruling against FTX and Alameda stands out as a pivotal moment
