The Connector Podcast - FinanceX #12 - Navigating the Convergence of Finance, Technology, and Global Regulation

The Connector.

The financial landscape is undergoing dramatic transformation. From Asia's strategic pivot toward Europe to revolutionary approaches in fighting financial crime, every aspect of finance is being reimagined through technology.
At the heart of this evolution is a fascinating shift in global financial partnerships. Asian institutions are increasingly looking to Europe rather than the US, seeking stability and complementary strengths. This creates a powerful synergy: Asia's cutting-edge digital solutions and agility combined with Europe's robust regulatory frameworks and risk management expertise. Projects like Singapore's collaboration with the European Investment Bank on DeFi for bonds showcase how these partnerships are driving innovation.
Meanwhile, financial crime fighters are gaining powerful new tools. The groundbreaking AML-TREX initiative represents the first universal "language" for describing money laundering techniques in a machine-readable format. By mapping criminal tactics in a structured way, this open-source knowledge graph enables standardized detection methods that could transform how we combat the estimated $2 trillion laundered annually.
The Digital Operational Resilience Act (DORA) marks another pivotal change, bringing technology providers directly under EU financial regulation. For tech companies serving financial institutions, this necessitates a fundamental shift in operations – from incident reporting to resilience testing – creating both challenges and competitive opportunities.
Perhaps most revolutionary is the transformation in digital identity. India's comprehensive approach has demonstrated astonishing results: 1.35 billion Aadhaar IDs enabling direct government payments that have saved $3.48 trillion by eliminating fraudulent recipients. Video KYC and digital document storage have slashed costs by 90% while enhancing security. Similarly, the EU's electronic ID initiative promises stronger protection against sophisticated AI fraud, which could otherwise cause billions in losses.
These developments aren't just technological – they represent a strategic reimagining of finance itself. Forward-thinking organizations now view compliance not as a cost center but as a foundation for growth and innovation. Balancing these transformative technologies with necessary safeguards presents challenges, but also unprecedented opportunities to create a more efficient, inclusive, and secure financial ecosystem.
What role will you play in shaping this digital financial future?

Thank you for tuning into our podcast about global trends in the FinTech industry.
Check out our podcast channel.
Learn more about The Connector.
Follow us on LinkedIn.
Cheers
Koen Vanderhoydonk
[email protected]
#FinTech #RegTech #Scaleup #WealthTech

Chapters

1. Introduction to Global Finance Shifts (00:00:00)

2. Europe-Asia Financial Collaboration (00:01:16)

3. Universal Language for Financial Crime (00:05:34)

4. Banks as Fin Crime Fighters (00:08:45)

5. P2P Lending Risks and Regulations (00:11:01)

6. DORA and Tech Provider Compliance (00:13:16)

7. AI Applications in RegTech (00:15:29)

8. LEI: Global Identity for Financial Transparency (00:18:18)

9. India's Digital KYC Revolution (00:22:17)

10. Closing Thoughts on Financial Innovation (00:26:22)