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Banks, fintechs should partner rather than compete to fight financial crime: Deloitte

To combat financial crime more effectively, financial institutions and fintechs should collaborate and involve regulatory watchdogs early in their transformation journeys, Deloitte told Asian Private Banker. “Financial institutions and fintechs should partner rather than compete. They also need to bring regulators along their innovation journey from the outset,” said Radish Singh, Southeast Asia financial crime compliance leader at Deloitte. According to Singh,…

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