The regulatory technology (Regtech) market is on the precipice of remarkable growth, projected to expand from USD 12.92 billion in 2023 to an astounding USD 99.28 billion by 2033. This surge represents a compound annual growth rate (CAGR) of 22.62%. Various factors drive this anticipated growth,
The convergence of financial services and digitalization has ushered in an era of unprecedented convenience and innovation. However, this evolution has also introduced significant cyber risks, primarily from advanced bots exploiting system vulnerabilities. The financial technology (fintech) sector,
The recent approval of a bill by the U.S. House of Representatives to curb the misuse of digital assets marks a significant milestone in the evolving landscape of cryptocurrency regulation. Aimed at strengthening national security and safeguarding digital assets, this bill proposes the creation of
The U.S. House of Representatives has recently passed the Financial Technology Protection Act, a piece of comprehensive legislation aimed at addressing illicit finance activities using digital assets. As digital technologies evolve, so do the methods of illegal financing, necessitating a proactive
As we move further into the latter part of 2024, the global focus on economic sanctions has reached unprecedented levels, particularly with the intensified regulatory measures taken by the United States. With the next U.S. presidential election looming, the spotlight on sanctions compliance is
In recent years, the financial sector has witnessed significant shifts in risk management practices, driven primarily by changing regulatory landscapes and technological advancements. Traditional Know Your Customer (KYC) procedures, characterized by their periodic and manual nature, are being
