US Faster Payments: Banking’s Technological Backwater – Euromoney | In The News

Jimit Aora, vice president at consulting and research firm Everest Group, says that regulation in the US has instead focused on fixing the capital markets rather than consumer banking. “Dodd-Frank has consumed the financial industry and innovation has revolved around capital markets. Banks have taken their eye off of what needed to change in consumer banking. This is why our consumer experience rates lower than what we see in Europe.” Read more.

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