Open banking around the world
The UK continues to be the global pioneer in Open Banking through the implementation of the EU Payment services Directive (PSD2) and the open banking initiative by the Competition and Markets Authority (CMA).
Sustainable finance is a key priority for the EU and is high on the regulatory agenda for asset managers and other financial institutions.
More than half the world’s population currently live in urban areas, and this proportion will grow to around 70 per cent by 2050 putting huge demands on urban infrastructure and resources.
Financial crime outlook: Caution on the growing reliance on RegTech and AI
There is wide recognition from business and regulators alike that technology, in particular artificial intelligence (AI), will become increasingly important to combat financial crime.