TECH RETAIL BANKING: Big data, new problems

TECH RETAIL BANKING: Big data, new problems

Bonds Corporate & Sovereign Strategy

For Latin Americans who want to save some of their cash in dollars, the process to access international banking services has become increasingly tough. US bank regulations have tightened sharply, requiring financial institution vigilance against transactions that could be connected to terrorism, money laundering or any kind of fraud. “Know your customer” has dominated banks’ approach when it comes to providing client services. At the same time, technological advances have allowed institutions to address the growing tangle of regulations. Take FaceBank, a Puerto Rico-registered lender that is leveraging new software to serve a growing pool of Latin American clients wanting access to

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