The insurance industry, traditionally known for its conservative approach and slow adaptation to change, is undergoing a significant transformation. This change is driven by the advent of financial technology, or fintech, which is reshaping how insurance services are designed, delivered, and
The Digital Operational Resilience Act (DORA) is a regulation introduced by the European Union to enhance cyber resilience and operational sturdiness in the financial sector. With the increasing frequency and sophistication of cyber threats, DORA aims to safeguard over 22,000 financial institutions
U.S. Bank is making strategic moves to bolster its capital markets and wealth businesses, aiming for significant growth in these areas. Following an investor day in September, the bank faced skepticism from analysts regarding its growth projections. Stephen Philipson, head of wealth, corporate,
In today's digital age, organizations face an increasingly complex regulatory landscape for data privacy and cybersecurity. With the introduction of stringent regulations and the rise of sophisticated cyber threats, businesses must adopt comprehensive strategies to ensure compliance and protect
Financial institutions face a myriad of risks daily, but among the most challenging are tail risks—those rare but potentially catastrophic events that can significantly disrupt global financial stability. These tail risks, often underestimated due to cognitive biases, require a proactive and
As the influence and scale of family offices continue to grow, they face a myriad of unprecedented challenges, including accelerated intergenerational wealth transfers, evolving family dynamics, and increased cybersecurity threats. A recent report by Morgan Stanley Wealth Management accentuates the
