Governance Challenges in Cross-Border Fintech Operations: Policy, Compliance, and Cyber Risk Management in the Digital Age

• Author(s): Aadit Sharma ; Bolaji Iyanu Adekunle ; Jeffrey Chidera Ogeawuchi ; Abraham Ayodeji Abayomi ; Omoniyi Onifade
• Paper ID: 1708642
• Page: 278-286
• Published Date: 31-03-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 9 March-2021

Abstract

The rapid global expansion of financial technology enterprises has introduced unprecedented opportunities for inclusive finance, innovation, and digital transformation. However, the proliferation of cross-border fintech operations has also given rise to significant governance challenges, including fragmented regulatory frameworks, legal uncertainty, and escalating cyber threats. This paper critically examines the complex legal, regulatory, and operational risks facing transnational fintech ventures, with an emphasis on the inadequacies of jurisdiction-specific compliance models in a globally connected ecosystem. It explores the lack of harmonization in financial regulations, the tension between divergent data privacy laws, and the legal ambiguities surrounding enforcement and liability in cross-border digital transactions. The analysis further investigates evolving cybersecurity threats targeting fintech platforms and evaluates current frameworks for risk management and operational resilience. Drawing on international cooperation models and governance best practices, the paper proposes a unified policy framework to facilitate regulatory convergence, improve cyber risk preparedness, and promote ethical, transparent fintech growth. Ultimately, the study underscores the critical need for global coordination among regulators, industry actors, and institutions to ensure the stability, security, and fairness of cross-border digital finance.

Keywords

Cross-Border Fintech, Regulatory Harmonization, Cybersecurity Governance, Data Privacy Compliance, Legal Risk Management, Digital Financial Regulation

Citations

IRE Journals:
Aadit Sharma , Bolaji Iyanu Adekunle , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi , Omoniyi Onifade "Governance Challenges in Cross-Border Fintech Operations: Policy, Compliance, and Cyber Risk Management in the Digital Age" Iconic Research And Engineering Journals Volume 4 Issue 9 2021 Page 278-286

IEEE:
Aadit Sharma , Bolaji Iyanu Adekunle , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi , Omoniyi Onifade "Governance Challenges in Cross-Border Fintech Operations: Policy, Compliance, and Cyber Risk Management in the Digital Age" Iconic Research And Engineering Journals, 4(9)