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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM29560

REGULATORY CHALLENGES IN THE ERA OF DIGITAL BANKING

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM29560

Volume:

8 |

3 |

Mar 2024

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

A

A.VASANTHY

D

DR.S.CHANDRAMOHAN

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Abstract

The surge of digital banking has reshaped finance, unveiling boundless possibilities while unveiling a labyrinth of regulatory complexities. At the crossroads of finance and technology, a robust regulatory framework becomes the cornerstone, harmonizing innovation with safeguards for consumers, data, and financial stability. Probes the intricate tapestry of challenges gripping financial institutions in the digital banking domain. From data governance to cyber security, and from grappling with anti-money laundering (AML) protocols to bridging cross-border regulatory gaps, institutions confront a swiftly evolving landscape amid the lagging pace of regulatory adaptations. The urgency of addressing these regulatory hurdles in the digital banking sphere is palpable. Collaborative synergy among policymakers, regulatory bodies, industry mavens, and tech virtuosos becomes paramount, shaping agile regulations that fuel innovation without compromising compliance. Aspires to illuminate the imperativeness of confronting regulatory challenges in digital banking. It champions the collective effort to forge a secure, transparent, and customer-centric financial realm. Envisioned as an incubator of shared insights, the imminent conference strives to architect strategies, share best practices, and foster a mosaic of collaborative solutions.

KEYWORDS

Digital Banking Finance Regulatory Complexity Technology Regulatory Framework Innovation Consumer Protection Data Protection Financial Stability Challenges.

Cite This Article

A.VASANTHY, DR.S.CHANDRAMOHAN, "REGULATORY CHALLENGES IN THE ERA OF DIGITAL BANKING," International Journal of Scientific Research in Engineering and Management, vol. 8, no. 3, Mar 2024.

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12/31/45372

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Double-Blind Peer Review

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The authors declare no conflict of interest related to this research work.

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