RegTech fosters financial inclusion, and therefore economic growth, by supporting the creation of a regulatory environment that is conducive to the growth of innovative digital financial services such as Mobile Money. Indeed, Regtech platforms like GVG’s enable transaction monitoring, identity verification, and risk assessment, thus ensuring the compliance and transparency of transactions. RegTech’s bright future however requires increased collaboration between regulatory authorities and industry stakeholders, with a view to supporting regulatory harmonization and to striking a balance between innovation and security within financial services.
Click here to read the full article on The Standard, which is backed by insights from James Claude, GVG’s CEO.
