Authors :
Dr. S. Rajalakshmi
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3NNCd5R
DOI :
https://doi.org/10.5281/zenodo.7912652
Abstract :
Financial institutions are facing increasing
pressure to advance digitally due to consumer demand
for more remote banking, faster response times, and the
ease of online purchasing. Failure to do so could result in
a loss of market dominance. To remain competitive, the
banking sector has created fintech, which has led to the
emergence of RegTech - products and services aimed at
managing fintech. However, the potential threats of
hacking, security breaches, and theft have made internet
security a crucial aspect of the development and growth
of fintech and RegTech. To address concerns about the
impact of fintech on regulatory bodies, the ability of
RegTech to keep up with fintech's growing demands,
and the evolution of cybersecurity to provide adequate
protection from financial threats, this research will
examine how fintech, RegTech, and confidence
contribute to effective cybersecurity through a review of
relevant literature.
Keywords :
FinTech, RegTech, Cybersecurity.
Financial institutions are facing increasing
pressure to advance digitally due to consumer demand
for more remote banking, faster response times, and the
ease of online purchasing. Failure to do so could result in
a loss of market dominance. To remain competitive, the
banking sector has created fintech, which has led to the
emergence of RegTech - products and services aimed at
managing fintech. However, the potential threats of
hacking, security breaches, and theft have made internet
security a crucial aspect of the development and growth
of fintech and RegTech. To address concerns about the
impact of fintech on regulatory bodies, the ability of
RegTech to keep up with fintech's growing demands,
and the evolution of cybersecurity to provide adequate
protection from financial threats, this research will
examine how fintech, RegTech, and confidence
contribute to effective cybersecurity through a review of
relevant literature.
Keywords :
FinTech, RegTech, Cybersecurity.
