The explosive growth of the fintech industry has introduced fresh challenges and opportunities for financial services worldwide. As innovative technologies unravel new possibilities, regulatory bodies have stepped in to ensure stability, secure data practices, and protect consumers. The efforts of
The Digital Operational Resilience Act (DORA), which took effect on January 16, 2023, is a crucial piece of legislation designed to bolster the digital resilience of the financial sector. It aims to ensure that financial entities can continue to operate through severe operational disruptions by
In an era of rapid digital transformation, Texans Credit Union has taken a significant step to enhance its banking services by integrating Atomic Financial’s direct deposit switching solution through a strategic collaboration with Alkami Technology. This initiative underscores the evolving
The financial technology (fintech) sector is experiencing rapid growth and transformation, bringing innovative solutions to traditional financial services. However, this dynamic environment introduces several risks that fintech companies must navigate to sustain their operations and thrive. As the
Microfinance and community lending have been instrumental in supporting low-income individuals and small businesses. Historically reliant on manual processes, these services often suffered from inefficiencies and limited reach. The advent of digital platforms, however, is changing the landscape,
The U.S. House of Representatives has recently passed the Financial Technology Protection Act, a piece of comprehensive legislation aimed at addressing illicit finance activities using digital assets. As digital technologies evolve, so do the methods of illegal financing, necessitating a proactive
Citigroup Global Markets Limited (CGML) faced a significant financial penalty from the UK's Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) due to a substantial failure in their trading systems and controls. This incident showcased the seriousness of operational errors
The evolving regulatory framework surrounding fintech partnerships with financial institutions has raised concerns among federal and state regulators, primarily driven by fears that overregulation could hinder competition and innovation in the market. Witnesses at a recent House Financial
The launch of Instantia, a new FX risk management firm headquartered in Australia, marks a significant evolution in the financial technology sector. Founded by fintech entrepreneurs Richard Poulton and Danny Pezeshki, and backed by Vietnamese tech giant VNG, Instantia aims to redefine FX risk
The world of cryptocurrency is always evolving, and Tether is at the forefront of this advancement through its innovative integration with Artificial Intelligence (AI). Recently, Paolo Ardoino, CEO of Tether, has announced substantial investments in developing Peer-to-Peer (P2P) AI agents, which
