At the 2017 Fintech Americas held on 5-6 October in Miami, Florida, Samuel Kramer, partner based in Chicago, had a fireside chat with Kevin Greenfield, Director for Bank Information Technology, Office of the Comptroller of the Currency, about the regulatory framework in the region. They also discussed the challenges that both regulators and banks face when pursuing or promoting an innovation and bank transformation agenda. It also provided the point of view of the key and instrumental role that regulators play in supporting the digital transformation in the Americas.
From 13 January 2018, for the first time banks will be required to open up customer data to third party providers.
Marius Jurgilas (Bank of Lithuania), Magalena Borowik (Polish Ministy of Digital Affairs) and Stephanie Magnus (Baker McKenzie) discuss Regulatory Technology or “RegTech” at ImpactCEE.
Courtesy of ImpactCEE
The DES project envisages supervision as a “pre-emptive and collaborative tool” using established project methodology including milestones and deadlines.
Banks running out of time to implement GDPR. But what are the key steps to GDPR compliance?