OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how financial institutions are responding to new challenges presented by increasingly innovative hacking attacks, protecting sensitive data and evermore stringent regulations. 48% of financial institutions report that regulatory compliance has slowed digital transformation. Despite the major security and regulatory challenges institutions were faced with in 2021, 84% of banking leaders are taking steps to prepare for cutting-edge initiatives like Central Bank…
Author: Michael Magrath, Director, Global Standards & Regulations, OneSpan
Author
Michael Magrath, Director, Global Standards & Regulations, OneSpan
Michael Magrath is responsible for aligning OneSpan’s solution roadmap with standards and regulatory requirements globally. He is Co-Chair of the FIDO Alliance’s Government Deployment Working Group and is on the Board of Directors of the Electronic Signature and Records Association (ESRA). He also served as a member of the Board of Directors for the Identity Ecosystem Steering Group’s (IDESG) and was Chair of the Health Information Management Systems Society (HIMSS) Identity Management Task Force.