If the industry can overcome a 'silo mindset' when it comes to data management, the benefits are enormous, writes Chris Davies
Technology built well should act as an enabler platform to get stuff done quicker, with less expense and deliver more high-quality data and management information. What we have witnessed within the financial services industry is FinTech and now RegTech platforms have developed to resolve real problems but as the industry is very siloed and conservative in nature we have fragmented and diverse technology solutions that can struggle to align to offer streamlined and holistic solutions. RegTech should place reduction in such fragmentation at its heart. The reason? Well, with regulations ...
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