More and more businesses are investing in technology for regulatory compliance. Chris Palumbo, AVP and Practice Lead for Risk, Regulatory, and Compliance Advisory Services, shared his thoughts on why in a recent article in The Financial Brand. He talks about tackling fraud and increasing compliance, as well as the rising popularity of open banking.
“Open banking is anticipated to reach unprecedented interconnectedness, fostering innovation and competition. Compliance and safeguarding customer rights and data will be crucial, with challenges in navigating global sanctions and regulations. Open banking will require advancements in tools for efficient and accurate regulatory reporting.”
This isn’t all that Chris shares his expertise on. He also reveals how the proliferation of blockchain indicates that more sophisticated regulatory technology solutions are required. Click on the link below to gain his full insights.
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Chris Palumbo