According to a recent article published by Business Standard, the Reserve Bank (RBI) has called on banking supervisors to familiarize themselves with the latest technological tools in order to enhance their capabilities and effectively address the challenges posed by fast-evolving financial technologies. RBI Deputy Governor Mukesh Jain emphasized the need for supervisors to acquire the...
The World Bank and the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, University of Cambridge, have jointly published the results of their Global COVID-19 FinTech Regulatory Rapid Assessment Study, which reveals that the priority of FinTech regulation and the pace of regulatory innovation have increased amid the global pandemic. This research...
TORONTO, Oct. 6, 2020 /CNW/ - SQL Power, the global leader in financial regulatory and advanced analytics technology is proud to announce the implementation of their supervisory platform, the SQL Power Suite, on September 22, 2020 at the Trinidad and Tobago Securities and Exchange Commission (TTSEC). According to the TTSEC, the Electronically Advanced Submission interface or EASi platform...
LONDON (Reuters) – Risks related to political developments in the U.S. have emerged as the main economic concern for central banks, alongside trade wars and a global slowdown, according to a UBS survey. Further disruptions of major economies by the COVID-19 crisis, including new shutdowns, were expected by a total of 42% of respondents to...
The Global Risk Institute Published “An Overview of FinTech in Canada” this month. It is a very interesting review of the state of the Canadian FinTech market with broad implications for the financial services industry and for its regulators. Every jurisdiction, and Canada is no exception, seeks to gain economic leverage and future technology investment...
First some definitions: FinTech is the application of digital technology like software and hardware to improve the efficiency, effectiveness, and scope of financial services. These solutions can be applied to traditional financial services and create opportunities for new services and business models for Financial Institutions. SupTech is the application of digital technology like software and hardware to improve the efficiency,...
Technological advancements are inevitable. From the first stone tool, the discovery of the uses of fire, forging metals, farming, the Industrial Revolution to the information age; we have been consistently inventing tools to make our lives easier. Artificial Intelligence is one such tool. The term ‘Artificial Intelligence’ was first coined in 1956 by a Dartmouth...
It was a big year for FinTech in 2017 – and 2018 is shaping up to be every bit as exciting. Here are some FinTech predictions for 2018: 1. Bitcoin and cryptocurrencies – here come the institutional investors? Many records were broken in 2017 by Bitcoin and other cryptocurrencies. Not only did they achieve record high prices,...