The explosive growth of the fintech industry has introduced fresh challenges and opportunities for financial services worldwide. As innovative technologies unravel new possibilities, regulatory bodies have stepped in to ensure stability, secure data practices, and protect consumers. The efforts of
The Digital Operational Resilience Act (DORA), which took effect on January 16, 2023, is a crucial piece of legislation designed to bolster the digital resilience of the financial sector. It aims to ensure that financial entities can continue to operate through severe operational disruptions by
The European Union's Corporate Sustainability Reporting Directive (CSRD) is shaping the future of corporate financial and environmental reporting. This directive, a significant regulatory shift, mandates that companies conduct a 'double materiality' assessment. This approach requires businesses to
In an ambitious bid to understand the rapidly evolving relationship between traditional banks and the burgeoning fintech sector, U.S. banking regulators have issued a comprehensive request for information (RFI). Released by the Office of the Comptroller of the Currency (OCC), the Federal Reserve
Cybersecurity remains a critical concern in today’s digital landscape, particularly for startups and small to medium-sized businesses (SMBs). Often, these companies struggle to implement robust security measures due to limited resources and expertise. The emergence of Endari, a new cybersecurity
KYND Limited, a leading provider of cyber risk management solutions, has recently expanded its operations into the United States. This strategic move comes amidst an escalating landscape of cyber threats, meeting the urgency for insurers to better understand and manage cyber risks. This article
