Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and …
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new ones, commission chair Gary Gensler told Reuters. While the SEC’s …
A surge in cyber attacks and ransomware hacks since the start of pandemic lockdowns is alarming for a world of finance moving headlong into digital money and remote working longer term. The flipside of the digital revolution has always been …
