How to avoid fraud while remaining compliant

The financial technology (fintech) industry is a rapidly expanding web of innovation, but it is also becoming increasingly entangled by challenges posed by cybercriminals. These bad actors threaten both data security and regulatory compliance, which can result in heavy fines for noncompliance. Such fines pose a significant risk for entrepreneurs seeking to quickly scale their operations, as they cannot afford to be bogged down by regulatory issues. Even established businesses find it challenging to navigate the complex layers of financial regulations, let alone startups. It's important to note that, despite implementing robust security systems, the human element remains central to… [Continue Reading]