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COFI will bring significant changes to the way financial institutions are licensed, moving towards an activity-based framework. Here’s what financial institutions need to know about the proposed changes, what they could mean for existing licences and why understanding your activities now is key to a smoother transition.
Running a small-to-medium-sized business in South Africa has become increasingly challenging as costs continue to rise across the board.
As the regulatory expectations of financial service providers (FSPs) continue to expand, automation is becoming a day-to-day reality for these businesses. This article explores where technology can meaningfully support compliance – and where human judgement remains essential
South Africa’s financial advice industry is entering a period of significant regulatory transformation as the Conduct of Financial Institutions (COFI) Bill moves closer to enactment, with industry leaders warning that traditional compliance approaches will no longer be sufficient in a rapidly evolving, outcomes driven environment.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?