Tag: Finance
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…
Uzbekistan: A Fintech Paradise?
By Nikolay Seleznev, Chief Strategy and Business Development Officer at Uzum The descendants of those who traded on the Silk Road are now embracing a new vehicle for commerce: fintech. For years unable to access innovative finance and technology products, Uzbeks are making up for lost time. In a country and a region which is…
FDI and Fintech in Uzbekistan: Interview with Minister Laziz Kudratov
In this exclusive interview, Fintech Review sits down with Laziz Kudratov, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan. Minister Kudratov highlights Uzbekistan’s evolving investment scene, focusing on increased Foreign Direct Investment (FDI). He emphasises progress, especially in the fintech sector. Read more about the ambitious reforms and strategic initiatives positioning…
The Rise of Neobanks: A New Era in Banking
Neobanks are starting a new chapter in banking by using technology to offer easy and modern services, changing how we think about banks and attracting people who prefer using digital tools. This new era of banking is characterized by technology-driven services, offering a level of convenience and user experience that traditional banks often struggle to…
Utilising AI to drive improved outcomes for customers: Interview with Chirag Shah
Fintech Review sat down with Chirag Shah, Founder of Nucleus Commercial Finance, to get his view on how ultimately automation will drive better outcomes for customers. We talk about how artificial intelligence can make things better for customers, tackle the worries some have about AI being unfair, and look at the big changes coming in…
