Why the digital transformation of the financial sector matters

Why the digital transformation of the financial sector matters

Why the digital transformation of the financial sector matters AMID the global Covid-19 crisis, the Philippines saw an increasing number of people transacting through digital platforms, with a 5,000-percent surge in digital payments in 2020. This resulted in the enactment of a bill, known as the “Promotion of Digital Payments Act,” which aims to promote

UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

Operational resilience is a priority for the regulators of financial services in the UK. It is prominent in both the Prudential Regulation Authority’s (PRA) and the Financial Conduct Authority’s (FCA) business plans. Over the last year, the UK financial services industry has been busy implementing their regulators’ new operational resilience framework[1]; identifying and mapping important

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

Covid, Cyber, Compliance and ESG Top Risk Concerns for Financial Services Sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of insurance industry claims show cyber incidents, including crime, is the top cause of