U.S. Banks Struggle to Comply with Worldwide Data Regulations

U.S. banks are struggling to comply with new regulations both here in the U.S. and in Europe; U.S. regulators are requiring banks to obtain more information related to anti money laundering and Europe regulators are requiring banks with EU customers to comply with GDPR; Fincen, the U.S. regulator responsible for overseeing new rules related to AML has delayed a portion of their rule as banks were struggling to reach the deadline; banks are trying to understand how best to set up systems to handle both regulations as they need top handle different requirements simultaneously. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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