Financial Cos. Ignore Tech At Their Own Peril, Deutsche Says

Law360 (September 27, 2019, 9:24 PM EDT) -- The marriage of technology and financial services will have wide-ranging impacts on financial markets and existing business models and must be embraced, Deutsche Bank said in a report, noting that regulation will play a crucial role in how the fintech market develops.

In the second iteration of its Regulation Driving Banking Transformation white paper, published in mid-September, Deutsche Bank addressed the growing importance of data, artificial intelligence and cloud services in the financial services industry. The report also discussed the growing cryptocurrency industry, which it found hold vast potential but is currently facing regulatory scrutiny.

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