The Future of Digital Banking: Balancing Innovation with Compliance
The digital banking revolution is well underway, driven by AI, biometrics, blockchain, and automation. These technologies are reshaping how financial institutions onboard customers, detect fraud, and manage risk. However, as banks and fintechs race to innovate, they must also navigate a complex regulatory landscape, ensuring compliance with AML (Anti-Money Laundering), KYC (Know Your Customer), KYB (Know Your Business), and data privacy laws