Exploring the role of fintech in combating economic abuse in banking.
Highlights:
- Banking regulations are evolving to combat economic abuse.
- Technology plays a key role in identifying financial misconduct.
- Consumers are becoming more aware of their financial rights.
- Financial institutions are implementing better safeguard measures.
Economic abuse remains a critical issue within the financial sector, and recent developments highlight the increasing importance of banking regulations and technological advancements. This article delves into how regulatory frameworks are evolving to protect consumers against financial misconduct. Furthermore, the role of fintech is emphasized as it aids in the identification and prevention of such abuse. These efforts not only raise awareness but also enhance customer trust in financial institutions.
