This is a roundup of industry news and links for the week of September 10th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
How to Navigate Competing Regulations: Unintended Consequences of GDPR – “GDPR and MiFID II can create a tension between retention and protection requirements around communications with clients and customers,” said Jagdev Kenth, a UK-based compliance executive. “To adequately address this, firms need to understand the data they have. Unfortunately, firms often don’t know what client data they have captured and hold across different systems, different servers, and in different locations.”
Citi wants fintech startups to disrupt institutional banking – Financial services giant Citi reckons fintech startups are missing out on a major opportunity to disrupt institutional banking. Indeed, it’s inviting entrepreneurs to do so.
“Opportunity is enormous,” said Naveed Sultan, global head of treasury and trade solutions for Citi, speaking during a fireside chat at the Mobile World Congress tradeshow with Ghela Boskovich, founder of FemTech Global, this week. “And the reason I’m saying that is everyone that you know dynamically wants to evolve to a better place.
CreditEase CEO on Fintech in China, Innovations – Ning Tang, founder, chairman and chief executive officer at CreditEase, discusses the growth of fintech in China, innovations in the sector and his Singapore-based wealth management unit. He speaks on “Bloomberg Markets: Asia” from the Milken Institute Asia Summit 2018 in Singapore. (Source: Bloomberg)