Brexit brings a new level of complexity and uncertainty for financial services. As we count down to 29 March 2019, the UK’s leaving date from the EU, we are helping global businesses prepare for this unprecedented change.
Scott Bancroft discusses how many financial services firms seemed to miss that getting GDPR ‘right’ could bring them opportunities that most have been seeking to fulfil forever - a single view of the customer’s data and effective information management in the digital age.
BREXIT: HOW TO TACKLE THE BUSINESS MIGRATION CHALLENGE
A hard Brexit after March 2019 will expose banks to the possibility of a ‘no passporting’ rule, meaning they will no longer be able to access European markets. This loss of market access represents a major threat to business continuity and banks must act now to mitigate the effects.
Brexit is fast approaching, and uncertainty still looms over UK’s ability to retain passporting rights and access to the EU markets. When time is scarce, and volumes are high, technologies like Robotics Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI) can support delivery and save time, effort and resources.
