The world of finance is undergoing a remarkable transformation, fueled by technological progress and innovation in the fintech sector. Consequently, financial institutions must adapt to remain competitive and meet the evolving demands of customers. McKinsey’s analysis has identified seven key t
Financial fraud within institutions is a growing concern, as 80% more banks have been fined for money laundering, costing $10.4 billion. Regulatory technology (RegTech) has become a potential solution to minimize the threat of internal and external monetary fraud. These tools also enable automated
