Banks Turn To Technology To Cope With New Regulations
Financial firms need #technology to #cope with a flood of new #regulations, especially in Europe.
Financial Technology
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Congress Should Act on Fintech Regulations Before It’s ‘Too Late’
#Congress #should seriously consider how #fintech is impacting financial services, Rep. Emanuel Cleaver said during an interview yesterday with American Banker. If Congress doesn’t act on the #technology, “we are setting ourselves up for serious problems down the road,” Cleaver told the publication. Cleaver, who is the top Democratic representative on the House Financial Services […]
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How Chinese Companies Are Handling Tight Regulations
#Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $ 1.5 billion USD. This would make it […]
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Is Your Board Ready To Comply With Cybersecurity Regulations?
Last year, regulators in New York decided to take #cybersecurity matters for financial institutions into their own hands, releasing a set of rules (which went into effect in March), requiring #banks and other FIs to establish a stricter cybersecurity program. This includes reporting all kinds of data breaches, ransomware, or phishing attacks, which could potentially harm […]
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Trump Era Sees Dramatic Drop in New Regulations for Banks
The election of Donald #Trump has brought uncertainty and relief to bankers in seemingly equal measure. In terms of regulation, relief may be predominating these days, but there are plenty of reasons to stay on one’s guard, according to Pam Perdue, executive vice president and chief regulatory officer of Continuity, which provides #banks with compliance […]
Bank Innovation
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