I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
Foster expresses frustration over popular legislation being blocked from votes in Congress.
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I am happy to see FSOC identify artificial intelligence as an area of concern for the financial system.
Many financial firms I talked to just told me that a reliable form of digital ID would really simplify the Anti-Money Laundering/Know Your Customer (AML/KYC) process, and make it faster, cheaper, and more reliable when they have to confirm the identity of customers.
As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.
The mobile ID rollout in the United States has been fragmented, with some States moving much faster than others to adopt the technology.
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