Deregulation will have a “direct impact” on how businesses operate globally, according to James Fowkes, CEO of Dow Jones.
Speaking at the Sibos financial conference in London, Fowkes highlighted the significant changes that are taking place in the financial industry, driven by advances in technology and shifting regulatory landscapes.
He emphasized that the rise of fintech and the increasing use of digital platforms are transforming the way companies operate, making it essential for businesses to adapt to these changes.
Fowkes also stressed the importance of data and its role in shaping the future of the financial industry. He noted that the availability of data has increased exponentially, and companies must learn to harness this data to make informed decisions.
The CEO also touched on the topic of cybersecurity, stating that it is a major concern for businesses in the financial industry. He emphasized the need for companies to invest in robust cybersecurity measures to protect themselves against the growing threat of cyber attacks.
Fowkes concluded by saying that the financial industry is undergoing a significant transformation, and businesses must be prepared to adapt to these changes to remain competitive.
The CEO’s comments come at a time when the financial industry is facing increased scrutiny and regulation, particularly in the wake of the global financial crisis. The rise of fintech and the increasing use of digital platforms are also changing the way companies operate, making it essential for businesses to adapt to these changes.
Fowkes’ comments are likely to resonate with businesses and financial institutions around the world, as they seek to navigate the rapidly changing regulatory landscape and harness the power of data to drive growth and innovation.