UK regulations are pushing SVB towards automation

Silicon Valley Bank (SVB) has teamed up with foreign exchange fintech Kantox after admitting that British regulation is “getting stricter”.

SVB’s Head of Transactional FX Solutions, Adam Dowsett, told FinTech Futures: “Regulation is getting stricter, so we need to use partner technology to comply with these regulations and automate them as much as possible.”

Through the partnership, SVB will be deploying Kantox’s hedging technology to the business in just a few weeks …

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