06 March 2020
Issue #195 of the Fintech Analyst Report looks at the delicate interplay between client facing technology, regulation and data security, whether 5G and AI can power digital transformation and explores opportunities for growth in North American Banking.
Makers of tablets and smartphones are developing products that use the capabilities of 5G to perform visual AI processing tasks, bypassing the privacy risks involved in sending data to the cloud.
McKinsey: North American banks fuel growth
Drawing on more than five million data points from 32 of the world’s top banks and 150 interviews, McKinsey outlines six ‘engines’ that will help drive profitability for North American commercial banks.
The regulatory landscape will help accelerate the development of more collaborative client-facing technologies for retail investment advisors (RIAs), that will better align with their needs.
As regulators and political authorities in North America seek to strengthen AML frameworks, FIs face new compliance requirements thus driving spending on AML KYC technology and operations.
Tech has freed up employees to complete more complex tasks by automating routine tasks like data entry. Investment managers who find the right balance of human and machine labour will thrive.
Locational data can enable property and casualty insurers to understand exactly what was damaged where and identify locations where they’ve underwritten policies for assets that could be in danger.
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