' stretched too thin ' or compromised and may go down .”
Looking more broadly , Genovese states that how rapidly this shift in banking models occurs is , to an extent , determined by culture and , very importantly , regulation , which region in the world is being considered . “ It fuels different expectations . For example , you have GDPR offsetting with PSD2 in Europe ; the market is very different in China as it is in the US with Dodd- Frank , the SEC and other regulations and so forth . For that reason ,” he says , “ I feel that there ’ s going to have to be some level of improved open standardisation that works on a global basis . Risk reduction and how we use data will be increasingly important , particular as a result of the shift to remote working , and you ’ ll likely see a decoupling of technology wherein you could see different countries doing their own thing . Everything happens for a reason and , while we ’ re in the midst of a terrible situation , it highlights that there has to be improvements digitally and those companies that I have already begun that journey will see the value .”
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