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The Future of Legal Tech: How Technology Is Transforming the Business of Law

MatterSuite

E-discovery solutions , a significant part of legal tech, were estimated to be a multi-billion-dollar industry. The global e-discovery market size was projected to reach $17.32 It automates the time-consuming process of document review and due diligence. This enhances trust in legal documentation.

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Know Your (Crypto) Customer – New KYC rules in town!

Ikigai Law

A few of these are: (a) verifying customer identity – crypto-businesses will have to conduct user KYC, like a bank would when opening an account; (b) undertaking enhanced due diligence – a crypto-business must have systems in place to detect suspicious transactions or activities that need closer scrutiny.

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You Can’t Have Legal GRC Optimisation Without Data Management Improvement?

Legal Tech Blog

In the case of e-discovery , for example, artificial intelligence is already being leveraged to great effect. Instead of simply expediting repetitive tasks, these colleagues will be able to lean on such technologies to guide e-discovery projects, further reducing workloads.

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What’s new in OpenText eDiscovery

OpenText

designed to enhance your e-discovery workflows with powerful new features and improvements. Explore these new features today and experience the future of e-discovery! Aviator Review also helps to control the cost of e-discovery projects by providing users with a cost estimate for each selected data set before they run it.

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The SEC Adopts Significant Cybersecurity Amendments to Reg S-P

Debevoise Data Blog

Since its initial adoption in 2000, Reg S-P has required broker-dealers, investment companies and registered investment advisers (“Covered Institutions”) [1] to adopt written policies and procedures to safeguard customer records and information (the “Safeguards Rule”) and to properly dispose of consumer report information (the “Disposal Rule”).

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FinTales Issue 30: In Memoriam of the 2000-rupee note

Ikigai Law

And prescribes enhanced ongoing due-diligence measures for them. They include the obligation of crypto businesses to maintain records of customer’s assets, and segregate customer’s assets from their own. Broadly, there are two modes of Aadhaar based identity verification – e-KYC and offline KYC.

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Summary of amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 in relation to online gaming

Ikigai Law

Membership has a track record of offering and promoting online games responsibly, ii. This has been changed to conducting KYC before accepting deposits from users. The Amendment has stuck to the January 2023 Version’s requirement to follow KYC norms set out by the RBI, but only for OGIs offering permissible real money online games.