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 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
The recent collapse of Synapse Financial Technologies has sent shockwaves through the fintech industry, raising urgent questions about the adequacy of current financial regulations. Despite clear warnings about potential risks from the Treasury Department, regulatory frameworks have failed to keep
Informatica has recently made headlines with the announcement of an underwritten registered secondary offering of 16 million shares of its Class A common stock. This transaction, facilitated by funds associated with Permira and the Canada Pension Plan Investment Board, marks a significant financial
Regulatory compliance has become increasingly complex, dynamic, and burdensome for many organizations, especially in the Gulf Cooperation Council (GCC) countries, where bold economic diversification and technology plans are underway. Regulatory technology (RegTech) leverages intelligent automation,
In an era where environmental, social, and governance (ESG) considerations have become integral to business operations, firms find themselves navigating an evolving landscape filled with stringent regulations. This shift demands a robust and strategic response, particularly from financial services
