This paper illustrates how AML and other regtech solutions are impacted by data policies, including data localization measures and other data barriers. As the G7 considers operationalizing Data Free Flow with Trust , understanding the implications of data policy on financial services is important.
International rules of the road for the digital economy continue to be elusive while national restrictions on the flow of data proliferate. This paper presents a framework to inform debate and drive progress towards better solutions.
This report provides a list of recommendations to financial ecosystem stakeholders-including policymakers, regulators/supervisors, financial institutions, and tech firms-on actions they can each take to help drive digital transformation in financial services.
This report continues our series where we hear directly from those who are leading digital transformation at banks, insurers, technology firms, cloud service providers, public sector - regulators and supervisors. More than 150 have shared their insights and point of view to shape these findings and help identify how the promise of digital transformation can be realized.
This briefing note summarizes and captures some reflections from the very thought-provoking remarks from David Hardoon, Senior Advisor for Data and Artificial Intelligence at Union Bank of the Philippines, during the IIF Digital Interchange: the Global Dialogue on Digital Finance.
This briefing note on digital inclusion examines the use of digitalization, digital identity, and changing infrastructures to promote a more inclusive economy.
Meeting customer preferences is at the center of both the digital transformation of finance and Islamic banking. In this episode, Bassel Gamal, Qatar Islamic Bank’s Group CEO, shares his experience with these two innovation journeys and how they intersect.
Deloitte’s Puneet Kakar joins fellow co-authors Conan French and Dennis Ferenzy from the IIF to discuss insights from the latest installment in our joint series on digital transformation.
The IIF and Deloitte have joined together to explore digital transformation in financial institutions. In this supplement, we examine the four fundamental shifts brought on by COVID-19 that have accelerated digital transformation in the financial services industry, discuss the role digital has played in financial institutions’ pandemic response, and explore the implications for these institutions as they navigate the uncharted waters ahead.
This second paper in a three-part series , "Realizing the Digital Promise: Key Enablers for Digital Transformation in Financial Services," examines the key enablers for overcoming the challenges that were set out in our first report.
Peter Deans outlines the ’52 Risks’ framework that he has developed from his extensive career as a Chief Risk Officer, and relates this to the scenarios of a pandemic and digital transformation. He emphasizes the importance of avoiding quantification biases, and ensuring operations are versatile.
Rob Morgan visits FRT to share how the American Bankers Association (ABA) initiatives are helping smaller US banks access business innovations.
Acclaimed author Chris Skinner joins FRT to discuss his latest book, Doing Digital, profiling the digitalization efforts, challenges and success stories of JP Morgan, BBVA, ING, DBS & China Merchants Bank.
This is a supplement to the IIF-Deloitte series, Realizing The Digital Promise, and captures some of the topical insights shared: both in success stories with the deployment of new technological solutions, and also in some of the cultural adaptation challenges, where some aspects of the current predicament may present a microcosm of the digital transformation journey.
The first report in our new IIF-Deloitte series Realizing the Digital Promise explores the key internal and external challenges financial institutions face in their digital transformation journeys.
The February 2020 IIF Global Regulatory Update provides updates on current work streams.
The Institute of International Finance (IIF) on February 11th conveyed its financial services regulatory priorities for engagement with the new European Commission in a letter to Executive Vice-President Valdis Dombrovskis.
The Top Nine Challenges to Digital Transformation for Financial Institutions.