The Global RegTech Industry Benchmark Report

Schizas, Emmanuel; McKain, Grigory; Zhang, Bryan Zheng; Garvey, Kieran; Ganbold, Altantsetseg; Hussain, Hatim; Kumar, Pankajesh; Huang, Eva; Wang, Shaoxin; Yerolemou, Nikos

doi:10.2139/ssrn.3560811

Cited by 10 publications

(8 citation statements)

References 0 publications

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“…So FinTech clients have already become banking & non-banking institutions. (Arner et al 2016;Schwab and Guibaud, 2016;Schizas et. al., 2019;Buckley et al, 2020).…”

Section: Theoretical Framework Literature Review and Hypotheses Formmentioning

confidence: 99%

Obstacles of FinTech in Egyptian Bank Sector under Social Distancing

الباسط¹

2021

المجلة العلمیة للدراسات والبحوث المالیة والتجاریة

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“…So FinTech clients have already become banking & non-banking institutions. (Arner et al 2016;Schwab and Guibaud, 2016;Schizas et. al., 2019;Buckley et al, 2020).…”

Section: Theoretical Framework Literature Review and Hypotheses Formmentioning

confidence: 99%

Obstacles of FinTech in Egyptian Bank Sector under Social Distancing

الباسط¹

2021

المجلة العلمیة للدراسات والبحوث المالیة والتجاریة

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“…42 To date, there has not been any formal model delineating the legal construction to avoid illegal fintech practices through a RegTech approach. 43 Some references on the enhancement of RegTech components in the legal structure of fintech were garnered to resolve illegal fintech issues. This research concludes that the following components of RegTech should be more emphasized in the establishment of fintech law to tackle the issue: (1) transparency and accountability, 44 (2) supervision and law enforcement, 45 and (3) networking and collaborations.…”

Section: Technologymentioning

confidence: 99%

The Evaluation of the Indonesian Fintech Law From the Perspective of Regulatory Technology Paradigms to Mitigate Illegal Fintech

Saifullah,

Supriyadi,

Bahagiati

et al. 2024

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Illegal fintech is one of the main issues not fully addressed in the digital finance sector in Indonesia despite various legal regulations. This condition shows that the fintech legal framework in Indonesia still needs to be entirely relevant to the concept of Regulatory Technology (regtech). This study aims to analyze the position of the fintech legal framework in Indonesia in overcoming illegal fintech with a regtech approach chosen as an analytical instrument—a basic concept that combines law and digital financial technology to create an orderly platform and comply with all applicable laws. This article uses normative legal research methods and a conceptual approach, indicating that the legal framework governing fintech in Indonesia fragments, with rules spreading across the civil, administrative, and criminal sectors. This legal framework still needs to be reinforced as a legal tool to overcome the problem. Based on the regtech approach, increased transparency and accountability in fintech implementation are essential as legal support for dynamic supervision and law enforcement and to allow for wider access to cooperation between stakeholders in handling illegal fintech. Such measures will help create a more effective legal environment and align with the regtech paradigm in addressing illegal fintech practices in Indonesia. Fintech ilegal merupakan salah satu isu utama yang belum sepenuhnya tertangani di sektor keuangan digital di Indonesia, meskipun telah diterbitkan berbagai peraturan hukum. Kondisi ini menunjukkan bahwa kerangka hukum fintech di Indonesia memerlukan evaluasi berdasarkan paradigma Regulatory Technology (RegTech). Penelitian ini bertujuan untuk menganalisis posisi kerangka hukum fintech di Indonesia dalam mengatasi permasalahan fintech ilegal dengan pendekatan RegTech. RegTech dipilih sebagai instrumen analisis karena merupakan konsep dasar yang menggabungkan hukum dan teknologi keuangan digital untuk menciptakan platform yang tertib dan mematuhi semua hukum yang berlaku. Penulisan artikel ini menggunakan metode penelitian hukum normatif dengan pendekatan konseptual. Hasil penelitian menunjukkan bahwa kerangka hukum yang mengatur fintech di Indonesia masih terfragmentasi dengan aturan yang tersebar di sektor perdata, administrasi, dan pidana. Kerangka hukum ini masih perlu diperkuat sebagai alat hukum untuk mengatasi masalah fintech ilegal. Berdasarkan pendekatan RegTech, diperlukan peningkatan transparansi dan akuntabilitas dalam implementasi fintech, sebagai dukungan hukum atas pengawasan dan penegakan hukum yang dinamis serta dukungan hukum untuk membuka saluran kerja sama antar pemangku kepentingan dalam penanganan fintech ilegal. Langkah-langkah tersebut akan membantu menciptakan lingkungan hukum yang lebih efektif dan selaras dengan paradigma RegTech dalam menangani praktik fintech ilegal di Indonesia.

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“…Compliance management is another critical process that can benefit from the BPM system in the finance industry. BPM systems can be designed to automate compliance management, ensuring that the organization adheres to regulatory requirements [56]. This study noted that this includes monitoring and managing regulatory compliance, such as anti-money laundering (AML) regulations and the Foreign Account Tax Compliance Act (FATCA).…”

Section: Application Of Bpm System Design In the Finance Industrymentioning

confidence: 99%

A Review on Business Process Management System Design: The Role of Virtualization and Work Design

Bartlett,

Kabir,

Han

2023

IEEE Access

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Business Process Management (BPM) has emerged as a fundamental aspect of modern business, revolutionizing task execution and operational efficiency. This study explored the integration of BPM, virtualization, and work design to enhance organizational performance and productivity. The objective is to contribute to the ongoing dialogue on the combined impact of these elements on BPM systems and their applicability in contemporary office settings. Through a systematic literature review, 136 journal articles were examined and selected from 2,248 articles matching the search criteria. This review reveals major gaps in the current literature and identifies opportunities for further research and investigation. These findings underscore the potential significance of integrating virtualization and work design in BPM systems to enhance flexibility, scalability, and agility. Organizations can effectively respond to dynamic business needs and market conditions by leveraging virtual resources, thus eliminating the constraints of physical proximity. We provide a reflective discussion linking theoretical understanding with empirical evidence from literature. Our analysis revealed promising avenues for future research, emphasizing the role of usability in BPM system design and its impact on task accomplishment. This systematic literature review underscores the role of virtualization and work design in BPM system design. We found that both components not only enhanced the performance and effectiveness of BPM systems, but also improved flexibility, scalability, and user experience. A holistic approach to BPM system design has emerged as crucial, encompassing process modelling, automation, workflow management, integration, analytics, reporting, governance, and continuous improvement. Despite the evident benefits, our review identified distinct challenges such as managing system complexity, ensuring security, navigating resistance to change, and harmonizing technology with human elements. Our analysis underscores avenues for research that have not yet been thoroughly explored and opportunities to further extend knowledge in this field.

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The Global RegTech Industry Benchmark Report

Cited by 10 publications

References 0 publications

Obstacles of FinTech in Egyptian Bank Sector under Social Distancing

Obstacles of FinTech in Egyptian Bank Sector under Social Distancing

The Evaluation of the Indonesian Fintech Law From the Perspective of Regulatory Technology Paradigms to Mitigate Illegal Fintech

A Review on Business Process Management System Design: The Role of Virtualization and Work Design

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