Remove Consumer Protection Remove Finance Remove Financial Literacy
article thumbnail

Top Stories That Shaped Indonesia’s Fintech Scene in 2024

Fintech News

Hasan Fawzi, OJK’s Chief Executive for Financial Sector Technology Innovation and Crypto Assets, emphasised the sandbox’s importance in preventing fraudulent schemes and enhancing consumer protection. These pillars aim to create a robust, inclusive, and sustainable digital financial ecosystem in Indonesia.

FinTech 114
article thumbnail

Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

Governments need to create supportive regulatory frameworks that balance innovation with consumer protection. Financial literacy also poses a challenge. This can lead to misuse and mistrust of digital financial services. In many countries, existing regulations do not fully accommodate fintech innovations.

FinTech 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

World Economic Forum and the Cambridge Centre for Alternative Finance The Driving Forces Behind Fintech Industry Rise Central to the fintech narrative is the remarkable surge in consumer demand for digital financial services. However, the fintech sector’s journey is not without its challenges. billion in 2021 to US$77.5

FinTech 142
article thumbnail

Singapore is A Global Leader in Crypto Adoption – Here’s Why

Fintech News

Singapore, long known for its financial prowess and technological innovation, has emerged as an unexpected leader in cryptocurrency adoption. As traditional finance and cutting-edge technology converge, Singapore stands at a crossroads, crafting a delicate balance between embracing innovation and safeguarding its citizens.

article thumbnail

Money20/20 Asia 2024: Leading Fintech Show Makes Debut in Thailand

Fintech News

Money20/20, a prominent fintech show, will be holding its first Thai edition in Bangkok this year, coming to the Queen Sirikit National Convention Center from April 23 to 25, 2024 for a multiple event centered around the future of finance. Virtualization, heralding the future of finance, will take center stage.

FinTech 114
article thumbnail

Consumer Duty Predictions With Quadient, Fujitsu, Weavr, Provenir, Eligible, Currensea, Zuto, Cardlytics, Fuse

The Fintech Times

Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. The Financial Conduct Authority’ s (FCA’s) new rules mean that firms selling financial products now have to meet much higher standards.

Consumer 111
article thumbnail

ESAs publish Joint Annual Report for 2023

Neopay

The main areas of cross-sectoral focus included joint risk assessment, sustainable finance, digitalisation, consumer protection, securitisation, financial conglomerates, and central clearing. Consumer Protection and Financial Innovation Consumer protection remained central to cross-sectoral work in 2023.