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Always keen not to play guinea pig to new products and strategies, treasurers run the risk of stifling innovation. They occassionally need to be bold.
The utility approach to KYC process will help treasurers comply with global regulations and manage their KYC responsibilities across multiple banks.
The development of the AEC is exciting, but many areas – particularly services and finance – will remain heavily protected.
Banks are getting serious about biometrics, which will eventually spell the end of online banking passwords. However, treasurers must not be distracted by the newest technology.
Outdated legal barriers and licensing laws are unsuited for payment apps, and the markets that provide them.