The Reserve Bank of India (RBI) is embarking on an evolutionary leap in the financial technology space with its latest framework designed to enhance governance and standardize practices within the fintech sector. Recognizing the rapid growth and the pivotal role fintech plays in the larger
In today’s rapidly evolving digital landscape, managing and responding to cyber threats has grown increasingly complex. Cyber threats are becoming more sophisticated, forcing organizations to fortify their defenses to protect sensitive data and infrastructure against potential breaches. Managed D
China is taking significant steps to enhance its anti-money laundering (AML) laws, aiming to address the challenges presented by new financial technologies, particularly cryptocurrencies. As the fintech sector rapidly evolves, so do the risks associated with these innovations, including potential
The European Union (EU) has taken a significant step forward in corporate sustainability with the introduction of its new Corporate Sustainability Reporting Directive (CSRD). This directive mandates companies to conduct a 'double materiality' assessment, marking a transformative shift in
In a significant blow to its financial and reputational standing, Citigroup has been fined $135.6 million due to its ongoing compliance failures in data management and internal control systems. This hefty penalty, imposed by two major U.S. regulatory entities - the Office of the Comptroller of the
One of the critical challenges that leading fintech companies like PayPal, Square, Google, and many others face in this digital age is fraud. Traditionally, fraud detection relies on each company analyzing its own user data in a centralized manner. These systems often lack visibility into fraud
