September 11, 2024
Banks, non-banks and fintechs have just one year to prepare for some of the biggest regulatory upheavals that will fundamentally impact the way they do business. Alex Reddish, Tribe Payments CEO delves into the intricacies of PSD3, PSR and FIDA – regulations set to reshape open banking, data access and security in the financial sector.
September 10, 2024
The Reserve Bank of India has released a draft framework for self-regulatory organisations focused on the fintech sector (SRO-FT). The main idea behind these guidelines is to enable the nascent sector to operate and innovate responsibly, even in the absence of formal regulations. “The SRO-FT is expected to play a crucial role in promoting responsible
September 10, 2024
Regulation and fraud were the dominant topics at the recently concluded Global Fintech Fest (GFF) 2024. For fintech founders, keeping up with regulatory changes and protecting customers from fraud has become a central concern.India’s fintech ecosystem is the third largest in the world, according to the “State of the Fintech Union 2024,” a joint report
September 10, 2024
The financial crime compliance landscape is rapidly changing. Amid political upheaval and technological advances, the cost of compliance has become an integral part of business operations. Traditional systems struggle to keep up with market changes, prompting move to more modern solutions, says RegTech company IA Napier. Neobanks and FinTech companies are at the forefront, adopting
September 9, 2024
Moody's Analytics I recently took a deeper dive into the role AI regulation will play as the technology changes risk and compliance. Artificial intelligence (AI) is poised to revolutionize the fields of compliance and risk management. With laws on the safe application of AI technologies in sight, several companies are proactively developing policies that promote
September 8, 2024
Recent election years have been busy ones in the world of financial regulatory policy, and 2024 promises to be no different. This year could be even busier given the large backlog of proposed rules and the fallout from the regional banking crisis of spring 2023. Regulators will also continue to adapt to evolving innovations in
September 8, 2024
Following last week exciting announcement—a strategic partnership between The FR And Marcel van Oost—we sat down with Marcel to learn more about his journey in fintech, his unique perspective on the fintech space, and why he decided to partner with The FR through its newsletters “Connecting the dots in FinTech”. The following interview has been
September 7, 2024
By Adelia Castelino – Co-Founder and CEO, In-Solutions GlobalIndia financial technology The fintech industry, which is currently the third largest in the world, is expected to generate a significant annual revenue of $70 billion by 2030, according to a recent report by Elevation Capital and McKinsey. In the dynamic world of fintech, where technological progress
September 7, 2024
6 minutes reading time Last updated: June 17, 2024 | 00:26 IST Fifteen days after the Reserve Bank of India (RBI) released its ‘Framework for Self-Regulatory Organisations for Fintechs (SRO-FTs)’, the first signs of change in the way the sector perceives itself are here. The Fintech Association for Consumer Empowerment (FACE) – an applicant to
September 6, 2024
FinTech is an emerging disruptive industry with the potential to make financial services accessible, simple and cost-effective. The Indian FinTech ecosystem is the third largest in the world, with the market size expected to reach $150 billion by 2025. The 3,000+ FinTechs registered with DPIIT enjoy the highest FinTech adoption rate in the world (87%).
September 6, 2024
Prime Shaktikanta Das, RBI Governor 6 minutes reading time Last updated: March 10, 2024 | 8:50 p.m. IST “Fintech companies’ right to exist lies in innovation. In doing so, they may sometimes adopt a more liberal interpretation of regulations in the grey area,” says Alok Mittal, Co-Founder and CEO, Indifi Technologies. And aware that this
September 5, 2024
For the first time, UPI transactions crossed 100 billion and closed at 131 billion in FY24, compared to FY23. (Photo: Shutterstock) 2 min read Last updated: July 22, 2024 | 1:40 p.m. IST There is a need to continuously identify regulatory gaps in the fintech sector and benchmark rules against global best practices, says Economy
