The state regulators claim the comptroller’s office, led by Thomas Curry, lacks authority to create a special-purpose charter without approval from Congress.
Azure’s compliance portfolio also means that USB can move to the cloud safe in the knowledge that it is meeting current compliance requirements, as well as having the ability to plan for future regulations.
Dalton was explaining how blockchain technology, for example, is being examined by a number of banks to ensure compliance reporting and create an indelible record of what is happening.
For a growing number of fund administrators, digitalisation is helping to offset the challenges of competition, cost and compliance.
A new innovative calculation engine that uses technologies like in-memory processing, grid architecture, and the cloud, enables a significant increase in performance and operational flexibility.