Financial Technology
Compliance refers to the process of adhering to laws, regulations, and guidelines that govern financial institutions and their operations. It is crucial for maintaining the integrity and stability of the financial system, as it ensures that organizations act within the legal framework while minimizing risks such as fraud and misconduct. This concept plays a significant role in how FinTech firms interact with traditional financial services, how machine learning algorithms are developed and monitored, and how security protocols are established and followed.
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