A new report from Innovate Finance considers the potential of regulatory technology (RegTech) to facilitate a ‘systems evolution’ in financial regulatory infrastructure. RegTech has mainly focused on process automation, to improve reporting efficiencies and ease the compliance burden. However, the next wave of change will involve a radical rethink of regulatory mechanisms as regulators reimagine rules and processes for the digital age.
Up Next in Risk & Regulatory
Canada is actively trying to work with Fintechs maneuver regulations. This year marks the 1 year anniversary of the Fintech Advisory Committee (FAC) which serves to advise the OSC Launchpad on market developments and challenges. The OSC Launchpad works with Fintechs to navigate securities regulatory requirements. The OSC is now actively recruiting for a new set of industry thought leaders to advise on the FAC.
Ontario Securities Commission seeks applicants for fintech advisory committee
The Ontario Securities Commission (OSC) is seeking applications for membership on its Fintech Advisory Committee (FAC).
Finextra Research - Finextra
Was WannaCry a cover up? Are we in the verge of unauthorized crowdminning malware era? The new malware Adylkuzz that infected more than a hundred thousand computers so far is mining Monero using peoples CPUs and exploring even further the EternalBlue breach and Monero's privacy features.
Worldwide 'Adylkuzz' cyberattack looming, experts warn it's bigger than WannaCry
Reports of a second large-scale cyber attack are emerging just days after the NHS was rocked by a ransomware virus