In the dynamic world of financial technology, the rapid evolution of technology has positioned traditional banking institutions at a crossroads. With an increasing demand for seamless digital experiences and innovative financial services, incumbent core banking systems are now facing significant
The banking industry is undergoing a significant transformation, spurred by technological advancements and the growing influence of fintech. The year 2024 marks a pivotal period where core banking operations are being revolutionized globally. This article delves into the various facets of this
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 rapidly transforming Fintech sector necessitates robust risk management and compliance protocols to ensure the safety and security of digital financial transactions. As 2024 approaches, businesses in Fintech are compelled to innovate, leverage advanced technologies, and stay ahead of potential
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
