The Ultimate Guide: FinTech Regulatory Roadmap Map
For a long time, FinTechs were commonly subject to regulatory requirements through the financial institutions that regulators oversee. That was when financial institutions only needed to ensure FinTechs complied with regulatory requirements before establishing...
Comprehensive Overview of Regulations in FinTech
It is no longer news that FinTech products have become a disruptive force for global financial services. The worldwide adoption rate is now capped at 75%. However, the sudden and revolutionary changes in the Fintech industry are increasing exposure to risks and...
KYC/AML Compliance Checklist for FinTechs
The success of FinTech companies is primarily predicated on their ability to challenge conventional banking models through technology. Still, they must also remain vigilant in ensuring that their products and operations do not cross the line of KYC/AML protocols. ...
Understanding the CFPB Section 1071 Final Rule: Implications for Financial Institutions
The Consumer Financial Protection Bureau (CFPB) recently issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data...