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New York State Department of Financial Services Challenges OCC Authority on Fintech Charters

Data Matters

The Fintech Charter Decision is discussed in greater detail in a prior Sidley Banking and Financial Services Update. Constitution, alleging that the police power to regulate financial services and products delivered within a state’s own geographical jurisdiction is among a state’s fundamental sovereign powers.

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

The speech also covered the FCA’s response to the Government’s White Paper on Artificial Intelligence ( AI ), which was also published in parallel with the speech. In the speech, Mr Rathi announced the FCA’s plans to focus on Big Tech, which are included in Feedback Statement FS24/1 (published alongside the speech).

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Digitizing the credit management journey

CGI

Credit granted too freely harms markets by increasing the likelihood that borrowers will default. For many organizations, legacy business rules, processes and systems slow their responsiveness to changing market conditions. Today’s market leaders know, however, that change is unavoidable.

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EU data governance regulation – a wave of digital, regulatory and antitrust reform begins – Part 1

Data Protection Report

On 25 November 2020, the European Commission ( EC ) published its proposed Data Governance Regulation (the DGR ), which will create a new legal framework to encourage the development of a European single market for data. The EC’s Data Strategy sets out a vision of common European data spaces, a Single Market for data.

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Open APIs: A coming of age

CGI

One of the hottest topics at this year’s Sibos conference in Geneva, Switzerland was open APIs (application programming interfaces), and how their introduction is causing concern among some financial institutions, while offering promising opportunities for early adopters. Defining the data dictionary and data model. How should banks respond?

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Is Your Customer Experience Future-Ready?

Reltio

Product Marketing Manager, Reltio. It is an ongoing activity, constantly responding to the changes in market and customer expectations, new products and services, and technology evolution. White Paper: The Golden Path to B2C Customer 360 – What We Learned from World’s Largest Retail & Consumer Brands.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers. NAIC Adopts White Paper on Understanding the Market for Cannabis Insurance.