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  • HPC is the Mainstay of Competitive Advantage

    In an era of financial convergence, HPC is the mainstay of faster analytics and quick decisions. Growing regulatory demands also call for speedier insights in trading, risk management, and customer care. Greater operational agility to respond faster to market changes is often the game-changer in Fintech and Regtech, saving billions and ensuring timely regulatory compliance. (more…)
  • Regulatory Models and Frameworks in FinTech

    Regulatory Models and Frameworks in FinTech
    Because no two countries – and often territories within one country – are exactly the same when it comes to financial regulation, it makes sense that regulatory models and frameworks will differ. However, with the advent of online financial transactions, peer-to-peer lending, startup finance and a host of other FinTech applications, many of which work across international borders, regulation needs to be considerably more stringent. This is especially the case when it comes to FinTech credit, where lending, repayment and interest considerations can vary significantly between countries and jurisdictions. The Importancy of Regulatory Models  One of the most important considerations when dealing with both in-country and cross-border financial transactions and credit is ensuring that all such transactions are above-board, legal and free from fraud, money laundering and other illegal financial activity. A second, but no less important, consideration is the viability and security of these financial transactions – in other words, their market risk factors. Even traditional banking and credit service providers are susceptible to risk, and, as a result, have robust risk management and regulatory structures in place to safeguard these. Developing Regulatory Models FinTech and FinTech credit, however, often require a shift or alteration in regulation, as stock-standard banking and financing regulation can run contrary to these online financial services providers. As a result, many jurisdictions are putting in place FinTech-specific legislation and regulation to ensure that the risks to everyone involved are minimised, and the benefits to all are maximised. In many cases, this specific legislation is coming in the form of specialised licensing. For example, the Swiss Federal Council introduced a specialised licensing category for FinTech companies that is less expensive than a traditional banking licence, but is considerably more restrictive on the volumes of public funds that may be transacted, and that disallows the transformation of maturities. Several other territories have also introduced FinTech-specific regulation, including France, Spain, the United Kingdom and Indonesia. Other countries, like Korea, do not currently have specialised regulation and have allowed FinTech operators to conduct business according to existing legislation; this, however, has recently started changing, as the industry grows and needs its own frameworks. In just the last few months, Korea has also introduced specialised licensing requirements and is actively working on new regulation of the industry. A Changing Environment While some countries and jurisdictions lag behind on the regulation of FinTech and FinTech Credit, most are recognising the need for specialised, specific laws and rules to monitor and safeguard both the providers of these services and their users. While global regulation of FinTech may still be a long way off, local regulation is quickly catching up, turning FinTech from a mere disruption to traditional banking into a viable alternative and global player.
  • The Competitive Advantage of HPC

    The Competitive Advantage of HPC
    In an era of financial convergence, faster processing speed (HPC) is the mainstay of faster analytics and quick decisions. Growing regulatory demands also call for speedier insights in trading, risk management, and customer care. Greater operational agility to respond faster to market changes is often the game-changer in Fintech and Regtech, saving billions and ensuring timely regulatory compliance. (more…)
  • Bringing Sensor Data Analytics To Insurance (InsurTech)

    Bringing Sensor Data Analytics To Insurance (InsurTech)
    A major development in the ever growing insurance and technology industry – known as InsurTech – is in the realm of sensory data analytics. Technology is improving such that a greater and more accurate range of data can be collected with regard to activities that are typically insured – the main and most obvious of these is obviously driving but more increasingly it is being expanded to day-to-day activities which are of interest to health and life insurance firms. (more…)
  • FinTech Credit Market Structure and Potential

    FinTech Credit Market Structure and Potential
    While the FinTech credit market in most jurisdictions currently makes up less than 5% of the countries’ new credit applications, the market has expanded rapidly and considerably over the last few years. Between 2013 and 2015 alone, the credit market more than quadrupled in most European and North American jurisdictions. In China, it expanded by a multiple of nearly twenty. In short, the market potential for legitimate and reliable FinTech credit providers is increasing. (more…)
  • What are the Main Risks of FinTech Credit?

    Profitability Among UK FinTech
    FinTech is booming, as more and more people seek out alternative financing methods to traditional banking and investors. The benefits of these methods are numerous. They give entrepreneurs access to finance that they may not otherwise qualify for. They also give investors the opportunity to put money in new innovative ventures which might otherwise never have entered the market. But, these types of investments also come with their own risks and their fair share of scandals. Those looking for and investing in the alternative FinTech credit market would do well to get to know and understand these risks. (more…)
  • Dismissing Tribunal Fees: Tackling Hidden Discrimination

    Fees
    This month will mark the fourth year for one of the most significant changes to have occurred in UK tribunal history – employment tribunal fees. Their introduction was highly controversial and had been contested since they were announced in July 2013 by Unison. Yesterday, 26th July 2017, they were scrapped by the Supreme Court which ruled that the government had acted unlawfully and unconstitutionally by introducing them. Though very few will have noticed the fees presence at all during their four years, they did have a huge and adverse impact on employment tribunal history. (more…)

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  • RegTech: Passive to Predictive

    RegTech
    FinTech has pervaded across the entire spectrum of commerce, banking, insurance, asset management, robo-advisory and other financial services. This has brought to the fore the challenge of regulatory compliance. Through the use of new technologies, regulatory technology, (RegTech) is transforming this area of the financial industry. Here we chart how regulation and compliance is evolving from being passive to being more reactive to its current state of being proactive. We believe it is yet to arrive in the final two stages: Predictive, using advances in Machine  Learning, Big Data and Analytics; and International RegTech as all these previous stages incorporate international regulatory compliance as nations adopt comprehensive cooperative measures. (more…)
  • Developments in FinTech Iran

    Developments in FinTech Iran
    Reeling under the economic sanctions imposed by the Western powers, the economy of Iran has found it difficult to transition from a resource-based economy to knowledge-based. However, the economic climate is rapidly changing. (more…)
  • 5 Types of Fintech Business Models

    5 Types of Fintech Business Models
    Fintech Credit market lacks a globally accepted format. The heterogeneity has led to the development of quite a few business models that are functioning in the industry world over. While we’re sure these will change over the years as Fintech becomes more established and focuses on developing risk and fraud management, these are the 5 types of Fintech business models. (more…)

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