Regulatory compliance requirements have slowed digital transformation for 48 percent of financial organizations, according to a new study. The research from banking security specialist OneSpan surveyed over 200 bank executives in the US, Mexico, UK, and France to assess how banks in different parts of the world are addressing compliance with changing regulations. It shows the top compliance challenges for banks include reducing or preventing cyber-attacks (53 percent), safeguarding sensitive data (47 percent), and keeping pace with changes in consumer privacy laws and industry regulations (41 percent). Almost half of banks are putting digital remote identity verification and biometrics in… [Continue Reading]
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