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These new rules represent an evolution in the expectations being placed on the sector in an increasingly technologically-driven age.
Additionally, regulations in some jurisdictions will apply also to third-parties providing critical services to financial services firms.
So what is happening around the world?
Most aspects of these rules are already in force, with full compliance required by the end of 2024.
Managing Director for Kyndryl Ireland and Kyndryl UK & Ireland Banking Guild.
There is also the bigger issue of trust in financial institutions.
Think about how you would feel if yourcredit cardsor digital wallet ever stopped working.
The key quality that any digitalized future for banking and insurance needs to protect, then, is trust.
In fact, many key trends in this space point in that direction.
Achieving these goals will require closing todays IT talent gap.
A key upshot of this will be opportunities for more finely-tuned products.
We’ve listed the best payment gateways.
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