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Healthcare vs. Banking: It Could Get Messy

Banking 2020

It’s hard to think of two industries more regulated than healthcare and banking. In both industries, and in most others, technologies are developed, adopted and discarded at lightning speed, and each has a serious impact on routine operations. Regulations, meanwhile, can take years to legislate and implement.

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Three’s a crowd: Third party security risks grow

Banking 2020

But impending regulation changes mean banks won’t even have a choice about this risk. PSD2 means banks will have to open up their systems to third party payment providers (TPPs). The era of open-access API banking is upon us, but offering third parties a way into a bank’s systems is not without risks.

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Hidden payments ‘too big too ignore’

Banking 2020

It also noted that banks have found it challenging to develop new propositions to meet these demands – partly because of their reliance on legacy systems and partly because they are more constrained by regulations. The most common solutions. However, these hidden payments are not without their risks.

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Too Big to Bail Out?

Banking 2020

regulators have already put in place similar strictures for the eight largest (you might say systemically important) banks. regulations don’t go into effect until 2018, and the new FSB proposal is essentially the start of a lengthy debate. (For But in this operating environment, that’s not in any way feasible.

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New But Not Yet Normal: Can Agility Make the Difference?

Banking 2020

Burgeoning regulations like BASEL III, individual liquidity adequacy assessment etc. and corresponding liquidity pressures, which were aimed at making the banking system shock-proof are indicating an erosion of growth in many high potential markets. Voices banking equity growth supply chain'

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Lending: When Technology Makes the Call

Banking 2020

On the flip side, banks and credit unions don’t survive in a vacuum—they’re answerable to shareholders and regulators, and they’re building on a foundation of centuries-old tradition. Implementing technologies such as those used by startups will mean revamping almost all of their operating practices.

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Expanding the Banking Talent Pool

Banking 2020

There must be a marriage of financial content and experience with the new thinking and agility that will create of what banking will be in the future. The cynics will argue that this new hiring method won’t work for regulated financial services, or that people would rather go to a technology firm than a bank.