compliance

The RBI's recent actions have generated a wave of passionate responses from the Indian fintech community. Through this open letter, I hope to share my personal observations and opinions on some of the challenges related to the fintech landscape in India and the role of the RBI. I have always held the position that RBI is one of the strongest regulators globally and is pro-consumer and anti-risk and not anti-startup. India boasts a very stable banking ecosystem and has seen far fewer bank failures when compared to some of…

Germany wants Big Tech companies Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union rules aimed at curbing their power, a senior German economy ministry official said on Thursday. Sven Giegold, state secretary in charge of competition policy at Germany's economy ministry, said such a move would help EU antitrust regulators better enforce the Digital Markets Act (DMA) which the six companies have to comply with on March 7.Elevate Your Tech…

Indonesian tech firm GoTo will in 1.5 months be 100% compliant with the country's trade ministry regulation that bans in-app transactions on social media, its CEO said on Wednesday.Short video app TikTok, owned by Chinese company ByteDance, acquired in December majority shares in GoTo's e-commerce unit Tokopedia after the government banned transactions on its TikTok Shop e-commerce unit. It did not immediately respond to a request for comment.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

AI is rapidly changing the way that people develop and build their own apps, automation, and copilots, helping enterprises improve efficiency and outputs without further straining IT and the help desk. While this is leveling the playing field for software development, it also brings increased cybersecurity risks. For security leaders, it’s important to understand this new wave of business application and AI development and the subsequent risks – and to have a game plan for how to address them. The good news is that you…

There’s a time and a place for everything. Sure, politeness, diplomacy, and good manners are essential in workplace environments. We’re big fans of them. However, when there’s a disaster of epic proportions heading your way, it might be time for proactivity and using more urgent language. Otherwise, your colleagues might not understand that they have to take action immediately.Redditor u/Brewthirty17, who used to work at a major petroleum company, recently went viral after sharing how being overly polite at the wrong…

The government has asked social media intermediary X (formerly Twitter) to block certain accounts and posts on its platform, the company said. Failure to do so would result in “potential penalties including significant fines and imprisonment,” the company’s global government affairs team said in a post on the platform.“In compliance with the orders, we will withhold these accounts and posts in India alone; however, we disagree with these actions and maintain that freedom of expression should extend to these posts,” the…

Last Updated: February 14, 2024, 12:11 ISTIndia Mandates High-Security Number Plates for All Vehicles: Here's How to Get Yours Easily. (Photo: Spinny)India mandates High-Security Registration Plates (HSRP) for all vehicles, enhancing security and identification. The Indian government made a change to vehicle number plates a few years back to solve identification issues.These plates, called High-Security Registration Plates (HSRP), come with special features like a 3D hologram and a laser-etched serial number to prevent…

One97 Communications, the parent entity that owns and operates the Paytm brand, has formed a group advisory committee to improve compliance and navigate regulatory challenges.The three-member committee will be led by former Securities and Exchange Board of India (Sebi) chairman Meleveetil Damodaran, One97 said in a stock exchange filing on Friday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For…

Navigating compliance requirements has become a complex puzzle for marketers seeking campaign success. As privacy regulations tighten and consumer expectations rise, a comprehensive solution becomes critical. In this webinar, experts address the common problem of navigating intricate compliance requirements across web, mobile, OTT and CTV. Explore the tools and strategies Consent Management Platforms (CMP) provide, empowering marketers with unparalleled advantages…

The leadership of fintech firm Patym on Thursday acknowledged that it may have fallen short on compliance issues, triggering punitive action by the central bank. This and more in today's ETtech Morning Dispatch.Also in this letter:■ Temasek exits PB Fintech■ Key takeaways from Budget 2024■ Rario reverses shutdown planPaytm admits hypergrowth led to compliance, tech lapses A day after the RBI effectively barred all services offered by Paytm Payments Bank, the leadership of One 97 Communications, an associate company of the…