EMERGING CHALLENGES IN REGULATING DIGITAL BANKING AND INSURTECH INNOVATIONS

AUTHOR – SUSHMITA, STUDENT AT FACULTY OF LAW, UNIVERSITY OF DELHI

BEST CITATION – SUSHMITA, EMERGING CHALLENGES IN REGULATING DIGITAL BANKING AND INSURTECH INNOVATIONS, ILE LEX SPECULUM (ILE LS), 1 (1) OF 2023, PG. 225-227, APIS – 3920 – 0036 | ISBN – 978-81-964391-3-2.

Abstract

This article examines the growing impact of digital technologies on the banking and insurance industries, focusing on the regulatory challenges that arise with the rise of digital banking and insurtech innovations. The paper delves into the areas of data privacy, cybersecurity, regulatory compliance, consumer protection, and the evolving role of fintech companies. Through a comprehensive analysis of relevant case laws, the article aims to shed light on the legal complexities surrounding these emerging technologies and suggests potential solutions to address the regulatory gaps.

Keywords: Digital Banking, Insurtech, Regulation, Data Privacy, Cybersecurity, Regulatory Compliance, Consumer Protection, Fintech, Emerging Technologies.