{% set baseFontFamily = "Lato" %} /* Add the font family you wish to use. You may need to import it above. */

{% set headerFontFamily = "Lato" %} /* This affects only headers on the site. Add the font family you wish to use. You may need to import it above. */

{% set textColor = "#565656" %} /* This sets the universal color of dark text on the site */

{% set pageCenter = "1100px" %} /* This sets the width of the website */

{% set headerType = "fixed" %} /* To make this a fixed header, change the value to "fixed" - otherwise, set it to "static" */

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{% set baseFontWeight = "normal" %} /* More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set headerFontWeight = "normal" %} /* For Headers; More than likely, you will use one of these values (higher = bolder): 300, 400, 700, 900 */

{% set buttonRadius = '10px' %} /* "0" for square edges, "10px" for rounded edges, "40px" for pill shape; This will change all buttons */

After you have updated your stylesheet, make sure you turn this module off

Financial Innovation: Operating in Uncertainty by Francesco Matteini for Unifimoney

by InnReg on April 18, 2022

In a recent interview with Unifimoney, InnReg CEO Francesco Matteini shared his insights on the current status of financial innovation and regulation.

Matteini highlighted areas where open questions about oversight create a regulatory vacuum, leaving fintechs without much-needed compliance guidance.

FM_unifimoneyThis state of affairs often leads to innovators assuming otherwise avoidable risks, even - which is not a prudent approach. As a result, community banks and credit unions can be reluctant to offer innovative financial tools. Matteini believes that they should consider all existing regulatory risks and, moreover, consider that all innovation is almost inseparable from technological development. “Almost all innovation is technology-based, and bringing in technology built on much more modern platforms into banking systems is a challenge,” he explains.

Matteini advises community banks to map out and analyze all the relevant compliance actions required for remaining in line with community banking regulations in order to pursue innovation.

In this case, smaller community banks and credit unions have an advantage over larger institutions in having to take fewer steps from identifying an innovative tech tool to approving its usage. Having a more agile sign-off process and a streamlined governance structure could be exactly what leads to the more rapid adoption of new technology.

The full interview is available on Unifimoney: https://www.unifimoney.com/blog/the-braintrust-francesco-matteini-innreg-on-financial-innovation-and-operating-in-uncertainty.

Topics: Compliance and Strategy


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