Kenya is a terrible example of regulation supervision, says Emery Kobor, Deputy Director of Strategic Planning for the U.S. Treasury’s Office of Terrorist Financing and Financial Crimes. “Frankly we’re very concerned that M-Pesa has risen to the level of being a systemically important payment system in a country that doesn’t really have a regulatory framework and supervisory standards to ensure consistent access to financial services.” (From the ATM & Mobile Executive Summit.)
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Digitally minded consumers are forcing financial institutions to rethink the way they do business. These consumers want to bank when and how it suits them. Financial institutions must innovate quickly to keep up with consumer demands and to respond to challenges from non-traditional competitors.
Bank Customer Experience (BCX) Summit will provide bank executives with powerful insights on these trends and highlight innovative technology to help today’s financial institutions transform themselves to serve consumers now and into the future.
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