In this short video, Hogan Lovells' partner Jonathan Chertkow reviews some of the main challenges banks are facing this year

More specifically, Jon discusses:

  • What key things banks should look out for this year    
  • Why the response to PSD2 and open banking will be key
  • How financial institutions will need to adapt and what the main challenges are
  • Why the key impacts for banks will be commercial
  • Why the fact that banks are having to open up payments accounts to third parties could revolutionise how consumers deal with banks
  • How legal teams will need to monitor the regulatory standards and their impact
  • Why organisations should ask themselves how they are going to respond to the threat of new players coming onto the market  

Click here to watch the video.

 

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