Digital fraud has become a hazard that many organizations, including the fintech industry, have had to deal with for some time. As the popularity of fintech firms grows, it is critical that they use sophisticated fraud detection tools.
Don’t risk your business.
As cryptocurrencies and blockchain technology become more and more popular daily, financial regulatory agencies are also trying to keep abreast of developments in these areas and manage them in a way that complies with regulations. Regtech (regulation technology) is a technological sub-sector that follows the developments in these areas and supports the business in accordance with the regulations in these areas.
Illegal wildlife trade is believed to be a multibillion-dollar industry encompassing trafficking of live animals and plants, as well as their parts and products.
On 10 February 2022, legislation was introduced in Parliament to strengthen and broaden the United Kingdom's sanctions framework against Russia.
The Regtech business will prosper in 2022 as a consequence of the disruption brought about by advanced technologies.
With the rapid digital acceleration, 2022 will be a year of worldwide escalating the scale and range of measures in AML.
The UK government launched a joint task force to protect individuals from the growth in fraud activities.
Ransomware attacks and cyberattacks have risen in the last year. The worldwide compliance industry has faced a variety of issues as a result of these increased dangers.
Explore the differences between FinTech, RegTech and SupTech and their impact on the financial industry.