The European Union has embarked on a significant journey to bolster transparency in corporate sustainability reporting through the Corporate Sustainability Reporting Directive (CSRD). This directive expands the reach of its predecessor, the Non-Financial Reporting Directive (NFRD), by mandating
In a landmark decision, the Irish Data Protection Commission (DPC) has imposed a substantial fine of £102 million on Meta, formerly known as Facebook, for failing to encrypt user passwords. This penalty underscores the European Union's stringent stance on data protection and raises important
Africa's Fintech Surge: Overcoming Regulatory Hurdles to Thrive Africa's fintech industry stands on the precipice of a revolutionary transformation, poised to potentially generate around $230 billion in financial sector revenue by 2025. This optimistic projection, outlined in a McKinsey
In the rapidly evolving financial technology (FinTech) landscape, the importance of advanced anti-money laundering (AML) systems has never been more critical. The surge in digital transaction volumes continues to pose significant challenges for financial institutions globally. With an astounding
Visa's recent acquisition of Featurespace, a leader in real-time AI-driven fraud prevention technology, stands as a monumental event in the financial technology (FinTech) industry. The move is not just a testament to Visa’s commitment to securing global transactions but also marks a s
Dotfile, a promising French RegTech startup, recently celebrated a significant milestone: the completion of a €6 million fundraising round. Founded in 2021, the company aims to revolutionize compliance processes through its AI-powered platform, with a particular focus on &
