Current Volume 8
A Conceptual Framework for Multi-Jurisdictional Compliance in Global Fintech Product Design and Deployment
Abstract
The rapid expansion of global fintech ecosystems presents significant challenges in ensuring compliance across diverse regulatory jurisdictions. This paper explores the complexities associated with multi-jurisdictional compliance in the design and deployment of fintech products. It presents a conceptual framework aimed at addressing the regulatory fragmentation that fintech companies face as they expand into international markets. The framework emphasizes the integration of compliance-by-design principles, which embed regulatory considerations directly into product development processes, ensuring that fintech solutions are adaptable to various regulatory requirements from the outset. Additionally, the paper discusses the importance of modular platform strategies, the role of RegTech solutions, and the need for agile governance in maintaining continuous regulatory compliance. Furthermore, the role of international regulatory cooperation, public-private partnerships, and cross-jurisdictional data governance is analyzed, highlighting how these institutions and initiatives can foster a more seamless regulatory environment for global fintech operations. The study concludes with strategic recommendations for fintech developers and compliance officers, offering actionable insights on how to navigate global regulatory landscapes effectively. Finally, the paper identifies key areas for future research, including the application of AI in compliance modeling and the evolving role of supranational regulatory bodies in shaping global fintech compliance standards.
Keywords
Multi-Jurisdictional Compliance, Regulatory Fragmentation, Compliance-by-Design, Fintech Product Development, RegTech Solutions
Citations
IRE Journals:
Oluwasanmi Segun Adanigbo , Florence Sophia Ezeh , Unomah Success Ugbaja , Comfort Iyabode Lawal , Solomon Christopher Friday
"A Conceptual Framework for Multi-Jurisdictional Compliance in Global Fintech Product Design and Deployment" Iconic Research And Engineering Journals Volume 5 Issue 6 2021 Page 323-331
IEEE:
Oluwasanmi Segun Adanigbo , Florence Sophia Ezeh , Unomah Success Ugbaja , Comfort Iyabode Lawal , Solomon Christopher Friday
"A Conceptual Framework for Multi-Jurisdictional Compliance in Global Fintech Product Design and Deployment" Iconic Research And Engineering Journals, 5(6)
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