Tag: Finance
The Evolution of Payment Solutions: From Traditional Methods to Digital Wallets
Payment systems have undergone significant transformations over the years. From cash and checks to digital wallets, these changes have revolutionised commerce and consumer behaviour. We explore the evolution of payment solutions, analysing adoption rates, security challenges, regulatory shifts, and innovative technologies. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary…
The Role of Partnerships Between Fintechs and Traditional Banks: A New Era of Collaboration
In the past decade, the financial services sector has witnessed an exciting shift. Fintech companies and traditional banks are increasingly working together. This wave of collaboration marks a significant evolution in the industry. Historically seen as competitors, fintechs and banks now find common ground to enhance services and reach broader audiences. We explore successful models,…
Fintech Solutions for Financial Inclusion in Emerging Markets
Financial inclusion remains a global priority. Across emerging markets, millions of people lack access to essential banking services. Traditional banks, often limited by infrastructure costs, struggle to reach remote populations. In response, fintech companies are stepping up, using digital innovation to provide banking solutions to the unbanked and underbanked. By leveraging mobile technology, blockchain, and…
Regulatory Challenges in Cryptocurrency Taxation Across Different Jurisdictions
Cryptocurrencies have rapidly gained prominence over the last decade, presenting both opportunities and challenges for individuals, businesses, and regulators alike. As digital assets become more widespread, taxation laws are being shaped and adapted to accommodate them. However, the taxation of cryptocurrencies is a complex matter, with varying approaches and inconsistent frameworks across jurisdictions. Governments are…
The Future of AML and KYC in 2024: Insights from Consumer Research on Digital Identity Verification
By James Roberts, Digital Marketing Manager at FullCircl. A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance. However, in 2024, the focus…
Decentralised Autonomous Organisations (DAOs): Governance and Innovation
Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Operating without central authority, DAOs promote decentralised decision-making, with the promise of democratising governance across various sectors. Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition,…
Open Banking: Unlocking Innovation and Consumer Empowerment
Open banking is transforming the financial landscape by fostering innovation, competition, and improved customer experiences. It involves sharing financial data through secure application programming interfaces (APIs). This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products. The concept of open banking originated from…
The Rise of Decentralised Finance (DeFi) Platforms in Emerging Markets
Decentralised Finance (DeFi) platforms are revolutionising financial services, particularly in emerging markets where traditional banking infrastructure is lacking. These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks. As a result, DeFi is gaining traction rapidly due to its ability to provide financial…
RegTech in 2024: Tools and Trends for Compliance
Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency. AI in Monitoring and Reporting: Transforming Compliance Operations Artificial…
Why Hedge Fund Admin Software is Crucial to Your Back Office
By Repool staff. In the fast-paced world of hedge funds, emerging fund managers focus on big-picture strategy and day-to-day investment moves. However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. While it’s not glamorous work, it is essential for ensuring the long-term sustainability…
