How the Pandemic Accelerates the Fundamental Need for RegTech Solutions
The current COVID-19 pandemic will drive broader adoption of regulatory technology (RegTech) solutions and automation worldwide. Its impact on financial ecosystems and banking infrastructure -- and the fundamental need for regulatory compliance -- will only grow as the financial sector seeks to pare costs and meet regulatory demands. Broadly inclusive of any solution that addresses regulatory challenges and helps companies understand and stay compliant with regulatory require
The FCA plans to provide a 'regulatory nursery' for newly licensed firms.
Around autumn, the Financial Conduct Authority in the United Kingdom will create a 'regulatory nursery' to ensure that newly authorized institutions are closely monitored. Beyond Coranavirus recovery projects, the FCA will expand its Digital Sandbox pilot program with the City of London Corporation to focus directly on sustainability. The move comes on the heels of the FCA appointing Sacha Sadan as director, Environmental, Social, and Governance, as its first sustainability l
Grab’s Recent Multibillion-Dollar SPAC Deal, Regulatory Hurdle, and Growth
Grab, the super app from Southeast Asia, is going public in the US by agreeing to merge with a special-purpose acquisition company (SPAC), valuing the nine-year-old company at $39.6 billion US dollars after the combination with Altimeter Growth Corp. It is raising more than $4 billion in the largest U.S. equity offering by a Southeast Asian company, with backers including BlackRock Inc., Fidelity International, and T. Rowe Price Group Inc. The deal will make the Southeast Asi
ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi
Consensys raised a $65 million funding round from large financial institutions, big blockchain firms, and other additional investors. According to Techcrunch, the said fundraising is highly strategic to enter the world of “decentralized finance” (DeFi) and Web3 applications that are being developed on the Ethereum blockchain. -
Read the full article here
How Distributed Ledger Technologies are Enhancing Businesses to Stay Relevant in the Digital Age
“Digital/mobile wallets set to be the online payment method of choice by 2023 with 52 percent market share.” This is the future, according to the Worldpay Global Payments report. And how can you and your business keep up? One solution is by using blockchain in RegTech solutions. It can help with transparency, monitoring, record keeping, and regulations, making everything more effective and efficient by digitalization and automation of routine compliance obligations. Combining
