8. Digital Identity Verification and KYC (Know Your Customer): Technologies like biometrics, machine learning, and blockchain are being used to improve identity verification and KYC processes, reducing the risk of fraud and money laundering.
9. Open Banking and APIs: Open banking initiatives, such as the EU's PSD2.
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*Similarities and difference between money and capital market:
Money markets and capital markets are both essential components of the financial system, but they differ significantly in their functions, instruments, and maturities. Here's a breakdown of their key similarities and differences:
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Similarities:
 *Both are essential for economic growth: Both markets facilitate the flow of funds from savers to borrowers, enabling businesses to invest and grow, and individuals to finance their needs.
*Both involve trading of financial instruments: Both markets involve buying and selling of financial instruments, albeit with different characteristics.
 *Both are regulated by government agencies:  Both markets are subject to regulations to ensure stability, transparency, and investor protection.
*Both are interconnected: Although distinct, both markets are interconnected through various financial institutions and instruments. For example, a company might initially raise funds in the money market through short-term debt, then later access the capital market to issue long-term bonds.
