It’s reasonable to say that fintech’s potential for the future has entered the mainstream. However, elevated status brings with it heightened scrutiny from authorities. The new regulatory stance toward fintech startups is something that traditional... View
Regulatory Compliance Needs for 2022 in the Financial Services Industry
Laundering of funds and funding of terrorism. Climatic peril. Both internal and external fraud. Threat to the company’s operations. Threats to the confidentiality of data and computer systems. Corruption and bribery. Each year presents an extended and more... View
Regulatory Compliance: Key Challenges and Effective Solutions
There is an intrinsic toughness that traditional banks face concerning compliance management. The frequent policy changes need time and effort to adapt and adopt (once the impact assessment studies are completed). Often, incomplete automation or sub-optimal... View
Automation of Regulatory reporting in the Banking and securities in 2022.
While significant strides in recent years have helped streamline regulatory reporting, the regulatory burden for banks has increased at an unprecedented rate. For CFOs and CROs, one challenge in this maze of ever-evolving regulatory compliance is to keep costs in... View
Why does the banking industry need to invest in digital or technology?
For decades, financial institutions were seen as places where customers queued, and the inefficient processes caused frustrating delays. In the face of legacy mindsets and compliance mandates, banks, on their part, were hesitant to upgrade their systems. But most of... View