Our new Fintech partners in meeting the AML and regulatory compliance requirements

After some initial friction, financial institutions and financial technology (fintech) companies are now complementing one another. The combination suits all stakeholders; clients, banks and creditors get access to innovative technology they don’t have to spend time and money on and develop in-house; Fintech gets a ready-made solution for modern day end users to use their research oriented service.

But it’s not a walk in the park for bank-fintech collaboration. With regulators giving extra scrutiny to these new innovative technologies, fintechs and the banks that partner with them need to be extra vigilant that they are compliant with regulations both new and old. With that in mind, partnering with some seasoned compliance professionals works best for new Fintech startups when it comes to fintech compliance. The conventional wisdom and acknowledged time-tested best practices have to meet the modern day revolutionary AI and machine learning platforms. Tech progress has to gel-in with the traditional regulatory expectations meeting some old school checks and balances which are time tested in the global conventional banking and finance world.

With the same need in mind, Conformity Compliance Solution is proud to support our new Fintech partners in meeting the AML and regulatory compliance requirements while delivering a wow experience for the mass unbanked population across MENA.

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