American Banker | Digital identity in financial services: new administration & changing regulations

March 26, 2021

 

With a new US administration now in the White House looking to strengthen the framework for developing a national, interoperable digital identity system and digital dollar (Foster Bill), how will it affect the financial services industry? What new privacy regulations will need to be considered and how will it benefit both consumers and the industry. And with a new Brexit deal negotiated, what does this mean for banks looking to do business in Europe, as eIDAS and new European banking regulations come into effect.

 

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