Financial transactions have significantly evolved with the advent of Financial Technology (FinTech) and Regulatory Technology (RegTech), especially after the 2008 global financial crisis. This evolution has moved from traditional banking methods to a more technology-driven approach, characterized by the rise of startups and IT firms offering specialized financial services. Technology’s role in this change is pivotal, as it has enabled more efficient, accessible, and varied financial services, demanding an equally sophisticated approach to regulatory compliance and data management.
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