Pinpointing The Value Of Intelligent Banking

In the United States, political parties continue to debate the wisdom of rolling back regulatory mandates imposed on banks after the 2008 financial crash. While some financial services experts argue that the burden of compliance is too high, consumer advocates see a need for continued oversight. The appropriate next steps may be a matter of perspective. One undeniable outcome of those 2008 regulations was an intensified focus by Western banks on compliance, often at the expense of innovation. Asian banks and fintechs, however, pressed ahead – developing new digital business models and client-centric services.