Impact of Financial Regulations on Information and Communication Technology Providers

May 2024Regulation Banking & Finance

Abstract

The digitalization of financial services is supporting the simplification of day-to-day life, making financial services available round the clock and easily accessible to the most remote parts of the globe. Online banking, digital signatures, appID authentication, digital wallets and a cash free culture, to name a few of the practical examples of how life has moved on with a distinct cultural change underpinning most, if not all, aspects of our lives. Most customers use digital products as a matter of course nowadays; gone are the days when digital account opening was seen as an exciting innovation. In addition, the flexibility that digitalization provides in the daily work life is playing an important role when it comes to recruiting and retaining employees.

Subscribe to reador

The card payment industry has undergone significant transformations with the advent of innovative payment technologies. This paper explores the regulatory dynamics shaping the industries and their consequential effects on financial...Read more

Jesse Mudaliyar

Senior Managing Counsel, VP, Mastercard EEMEA, UAE

Proposed FDIC Guidelines with Impose New Responsibilities on Directors of FDIC-Insured Banks

On October 11, 2023, the Federal Deposit Insurance Corporation (the “FDIC”) issued proposed mandatory Guidelines (the “Guidelines”) concerning the roles and responsibilities of directors of banks whose deposits are insured...Read more

Bruce Ortwine

External Advisor, Global Legal and Compliance, Sumitomo Mitsui Trust Group, Inc.; Adjunct Professor of Law, Rutgers University School of Law, n/a, USA

Certain Regulatory Reporting Requirements for a Foreign Banking Organization in the United States

My former employer of thirty-three years is a Japanese financial institution (the “Bank”) and is subject to comprehensive regulation in the United States at both the Federal and State levels....

Impact of Financial Regulations on Information and Communication Technology Providers

Abstract

Related Papers