Fintellix: Newthink: Driving Business Growth in Banks via Investments in Regulatory Compliance

Over the last few years, there has been an overwhelming number of regulatory guidelines banks have had to comply with. While some of these guidelines, like reporting on Special Mention Accounts and Risk Based Supervision are Central Bank specific, others like FATCA are international in nature.

The example below shows the formidable challenge Indian banks have of staying perpetually compliant.

But there’s a brighter side to this scenario. While there’s a cost to becoming and staying