Organisations are beefing up security
Risk and security is predicted to be a hot trend for 2017. The trend is top of mind for banks and businesses going into 2017 due to consumer protection, credit quality concerns, the new age of capital planning and increases in cyber threats and attacks.
Regulators have increasingly made clear that they expect banking organisations, as well as foreign banking organisations, and their intermediate holding companies to have the capabilities to access and provide high-quality data.
Banks and businesses will create greater platforms and infrastructure systems to gear up for the push of digitalisation in the fintech industry. The dominance of fintech will create greater security for banks, businesses and consumers, due to the increase of online hackers who attempt to steal financial information from them.
“As the world changes, investors will need to change with it to capitalise on the many opportunities that will be presented and mitigate any potential risks. The biggest threat to investors are the changing expectations for growth, inflation and interest rates in the US, which remains the world’s largest economy,”