Pandemic pushes banking regulators into the ring
As the shift to the online economy accelerates, fraud and lack of inclusivity acquire new dimensions
We live in a rapidly changing world with the pace of change accelerated by the Covid-19 pandemic. Worldwide, people have had to adjust to working, learning and transacting online, virtually overnight. Banking and payments is one of the areas where this shift was most apparent, causing banks and the bodies that regulate them to adapt equally rapidly.
This makes it critical to look at the trends that have emerged since the start of the pandemic and predict how they will continue to affect and drive change in the sector and how it is regulated. Perhaps the most important trend, which has affected banking and payments in particular, is the acceleration of the move to digital financial services...
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