Not making any political comments here - just pointing out that there are going to be massive implications for what happened over the weekend in the US presidential elections - the impact could bring shifts in financial regulations there may be loosening of regulations, particularly benefiting banks with significant investment banking operations - the ripple effect of potentially looser regulations, financial institutions may have more capital available to invest in technology upgrades and innovations especially increased spending on IT infrastructure, cybersecurity measures, and digital transformation initiatives. Given the past week of chaos - cybersecurity is likely to remain the top priority to enhance their security posture (going hand in hand with DR).
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Weiyee In
CIO
Protego Trust Bank
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