RegTech Summit USA: What Finance Leaders Think About Fintech?

What we’ll cover today:

🤔 What Finance Leaders Think About Fintech?

🏦 Banking as a Service (BaaS) - Robert Keil

🚫 17 Common Mistakes to Avoid.

🔗 The Event Roundup.

What Finance Leaders Think About Fintech?

Key takeaways from the Global RegTech Summit USA in New York, where finance leaders from top institutions like Morgan Stanley and ICBC Standard Bank gathered:

• Integration Challenges: Discussing the balance between tech-driven efficiencies and rigorous compliance requirements.

• Build vs. Buy: Debating whether to develop in-house compliance technologies or partner with specialised vendors.

• AI in Focus: Concerns about the reliability of AI in managing compliance tasks and the potential risks to data privacy.

• Regulatory Predictions: Panelists forecasted a growing reliance on the NIST Framework to govern AI applications, noting its potential to standardise procedures and balance innovation and compliance.

• Market Trends: The discussion also touched on the increasing difficulty for new startups entering the RegTech space as established players expand their footprint and capabilities.

Explore how these developments might impact future regulatory strategies in the finance industry.

Here’s the whole article

1. Banking as a Service (BaaS) - Robert Keil

It’s a post from Joshua Silver, Founder and CEO of Rainforest.

This post is a reply to one of the questions that people ask him a lot:

“How does Rainforest compete in the crowded embedded payments space which includes the likes of Stripe?”

Here’s the whole post

2. 17 Common Mistakes to Avoid.

This is a post by Edgy—The DeFi Edge, a famous DeFi influencer who shares DeFi strategies, insights, and analysis to help people level up.

In one of his tweets, he shares 17 common mistakes people make while creating DeFi. 

So here are 17 mistakes that you should avoid, by Edgy.

Here’s The Twitter Thread

1. SoFi Climbs Above $10, But Can the Fintech Stock Sustain Its Momentum?

After a slow start to the year, financial technology company SoFi shares have risen more than 34% in one month, surpassing the $10 mark. Further, SOFI has outperformed the S&P 500 Index ($SPX) by a wide margin, as the benchmark gained 4.2% during the same period.

2. Acquired.com Secures £4m Funding to Boost Recurring Commerce Solutions.

Acquired.com, the innovative payments platform specialising in recurring commerce, announced today a significant stride in its growth trajectory.

The company, recognised for its next-generation payment solutions, has welcomed Eline Blomme as the new Chief Strategy and Product Officer.

3. Apex Fintech Solutions Announces Acquisition of FinTron.

Apex Fintech Solutions Inc. (“Apex”), a leader in enabling innovation and the future of digital wealth management, announced that it has entered into an acquisition agreement with FinTron, a cutting-edge financial technology and design agency that specialises in creating high-end digital experiences for investors and advisors globally, subject to FINRA approval.