Exploring The Intersection Between Fintech And White-Collar Crimes: Regulatory Frameworks And Mitigation Strategies
Himanshu Mishra, ICFAI Law School, Hyderabad
ABSTRACT
It can be seen in recent years, the fast evolution of financial technology (fintech) has brought about a transformative impact on the global financial landscape, including the Indian economy. Fintech innovations have revolutionized the way financial services are delivered, making transactions more efficient, accessible, and inclusive. However, with the emergence of new technologies, the financial sector has also become susceptible to an alarming rise in white-collar crimes.
White-collar crimes, often perpetrated by a person who is in positions of trust and power within financial institutions, encompass a range of illicit activities such as fraud, embezzlement, insider trading, money laundering, and cybercrimes. The proliferation of these financial crimes poses significant threats to the stability and integrity of the Indian economy, hindering its growth and investor confidence.
The relevance of this research lies not only in its exploration of the growing challenges but also in the identification of potential solutions and mitigation strategies. As fintech continues to advance and reshape the financial landscape, it is crucial for policymakers, regulatory bodies, financial institutions, and other stakeholders to develop robust measures to combat the surge of white-collar crimes in the digital age.
Keywords: Fintech, White collar crimes, Regulations, Digital era.
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