The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
In the financial services sector, tracking employee compliance such as licensing, registrations, and continuing education is a complex task. According to MCO, traditional methods like spreadsheets might seem cost-effective and straightforward, but they struggle to manage the variety of licenses and educational updates across a firm’s workforce. The initial phase of employee onboarding reveals the
In a world where technology and finance converge, fintech innovations are not just changing the game—they’re rewriting the rules. From mobile-only banking to blockchain, these advancements are driving unprecedented efficiency, security, and inclusivity in the financial sector. Financial technology, or fintech, represents a dynamic fusion of finance and technology, revolutionising how financial services are delivered
The European Parliament has passed stringent AML regulations affecting the crypto industry, mandating enhanced KYC and AML practices, with oversight by the newly established AMLA. In a significant development, the European Parliament has approved a comprehensive set of regulations aimed at strengthening the Anti-Money Laundering (AML) and counter-terrorism financing framework. This move has profound implications