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
The financial sector is at a crossroads, with digitization and sustainability being the primary catalysts for the transformations in the market. In recent years, there has been a significant increase in green finance , as banks and non-banks adopt sustainable practices to appeal to eco-conscious
As the world moves toward a cashless future, the FinTech sector is rapidly expanding. It’s changing the way we bank, shop, and invest. At the 2022 FinTech Festival Singapore , financial experts from across the world discussed how this transition will impact the sector and the opportunities it will b
FinTech companies are attracting a lot of interest from investors these days. This is because these companies have numerous advantages over traditional financial institutions. Players like PayPal, Square, and Stripe have made it easy for people to do their banking without ever having to leave their
Digital transformation is democratizing data across all industries, enabling richer features, greater transparency, and a better customer experience. As new technologies allow fintech and other companies to access legacy systems, Banking-as-a-Service (BaaS) solutions have emerged as an important
Given that blockchain is changing the dynamics of many industries, it’s no surprise that it has become a buzzword in recent years. Blockchain has revolutionized the way we do business in many areas, including healthcare, retail, banking, government, and more. Bitcoin was worth nearly twice as much i
