The document discusses the collaboration with fintechs as a crucial aspect for financial institutions to accelerate digital transformation. It highlights the impact of Regtech on compliance management, particularly in areas such as compliance monitoring and financial crimes. The growth of the fintech industry presents both challenges and opportunities, emphasizing the need to adapt to a constantly changing environment and the significance of cybersecurity. Additionally, the entry of bigtechs into financial services raises regulatory and supervisory challenges.
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