Regulation & Compliance
As financial services evolve, so do regulatory demands. Fintech Review tracks global regulation trends, compliance challenges, and legal frameworks such as PSD2, GDPR, and MiCA, providing insights on navigating risk and maintaining trust in a digital economy.
Should The UK Make a Move for a Stronger Cryptocurrency Position in 2025?
By Peter Curk, CEO of ICONOMI It’s a time of change in cryptocurrency sector. With the introduction of the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulation, there’s a sense of uncertainty. So used to playing outside of the rules, crypto companies are suddenly finding themselves under scrutiny and restricted, at least within Europe. Industry…
Artem Lyashanov: A Close Look on DORA Provisions, EU and Ukrainian Experience
January 17, 2025 was a deadline for the implementation of the new Digital Operational Resilience Act (DORA) in the EU. This regulatory act establishes a number of important requirements financial institutions are obliged to follow – both EU residents and companies with a different registration, but which provide their services on the EU territory. Including…
The Impact of Regulatory Frameworks on Fintech Growth in Emerging Markets
Emerging markets have become a hub for fintech innovation. With their growing economies and youthful populations, these regions present significant opportunities. However, regulatory frameworks in these markets vary widely, influencing how fintech companies evolve and scale. Supportive Regulations: A Catalyst for Growth Supportive regulations can significantly enhance fintech growth. They encourage innovation, attract investment, 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…
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…
What are CBDCs?
“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. Distinct from decentralised cryptocurrencies such as Bitcoin, CBDCs are centralised and backed by government authorities. Fintech Review delves into the characteristics of CBDCs, examining their potential benefits,…
Regulatory Challenges in Fintech: Balancing Innovation and Consumer Protection
The fintech industry, a dynamic and rapidly evolving sector, is revolutionising the traditional financial landscape. With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection.…
Decentralized Autonomous Organizations (DAOs): Navigating Governance Challenges and Attacks
Decentralized Autonomous Organizations, commonly known as DAOs, represent a revolutionary shift in the way organizations are structured and governed. Unlike traditional organizations that rely on hierarchical structures and centralized decision-making, DAOs operate on blockchain technology, allowing for a decentralized and transparent approach to governance. By leveraging the power of smart contracts and token-based voting systems,…
From Silicon Valley Bank’s Downfall to a Governance Blueprint for Fintechs
By Erika Eliasson-Noris from Beyond Governance. The collapse of Silicon Valley Bank (SVB) has undeniably underscored the necessity of robust governance within the fast-paced, high-risk realm of fintech. The rapid evolution and innovative spirit characteristic of fintech are indeed exhilarating. But they can also cloak the precariousness of poor governance. Which will ultimately result in…
Navigating the Complex World of Gambling Regulations and Market Dynamics
By Denys Melnykov, CBDO and co-founder at Corefy. My co-founder recently shared a conversation on the topic you can see in the headline, and asked my opinion on how to constantly push boundaries to expand and grow in the gambling industry. I think that question strikes a chord with a lot of people. The challenge…
Keeping Consumers in the Know: How SCA Awareness Benefits Merchants
When the new Strong Customer Authentication (SCA) regulations were put in place, the goal was clear – reducing ecommerce fraud. But the two-factor authentication has also created significant friction in the customer journey. Merchants are trying to navigate the new regulations and ease the process, but there are gaps in customers’ awareness of the new…
What is the Future of ID Verification? Interview with Joshua Read
Anybody who has ever opened or tried to open a financial service product knows the pain of the onboarding process. Or at least what it used to be. Because thankfully things are changing for the better. One of the biggest frictions is obviously ID verification. What are the latest trends and the future of ID…
The Future of Open Banking in North America
It’s no secret that the banking industry is in the midst of a major upheaval. One of the most promising new developments in this space is open banking. Simply put, open banking allows customers to share their data with third-party providers in a secure and transparent way. So far, open banking has been a massive…
High-Risk Customers are Driving the Growth in Fintech
This is a guest post by Kathy Romanovskaya, CEO & Founder of A.ID, a compliance-as-a-service company. Financial technology may have revolutionized the way we deliver financial services… but traditional banks still shape the cooperation in the new economy. It is especially visible in high-risk segments, which are growing by day and becoming a considerable market…
Cleaning up the Digital Ecosystem
Guest post by Ro Paddock, Head of Anti-Financial Crime (AFC) at digital identity specialist Fourthline. Global lockdowns forced all sectors of society to find new, technologically driven ways of continuing daily activities. The result is threefold. Firstly, a permanent reshaping of consumer behaviour. Secondly, a resetting of expectations. And thirdly, an acceleration towards digitalising everything…
The Rise of Identity Access Management, IAM, in Fintech
This is a guest post by Devin Partida, a prolific writer about crypto, open banking and fintech for publications like Worth, Due, Yahoo! Finance and Entrepreneur. The fintech industry is no stranger to innovation, often far outpacing other sectors in adopting new technologies. As fintech firms attempt to balance agility and security, new tech tools…
An Opportunity to Create an Ecosystem That Will Allow EU Fintechs to Thrive
Guest post by Antonio Lanotte on the EU’s proposed legal framework on AI: how is it an opportunity to create an ecosystem that will allow European fintechs to thrive? Introduction After more than 18 months of the pandemic, there are two main but connected takeaways from the Covid-19. On the one side, the increased importance…
ESG and Fintech: A Perfect Match Made in Heaven?
It’s not just Greta. Environmental, Social and Governance (ESG) criteria are increasingly important in the business world. ESG is therefore more and more important in fintech. If you want to be cynical, that’s because it is more and more important for these businesses’ customers. So you need to adapt to continue to sell your stuff.…
What is Regulatory Technology or RegTech?
The demand in terms of compliance is ever-increasing within the financial services industry. As a classic example of efficient market dynamics, it means that a number of innovative RegTech startups, such as Pichain, seized this opportunity and started to flourish to meet those demands. To put it simply, RegTech is a combination of the words…
