From open data platforms to advanced data analytics and AI-based Fintech, financial services are evolving and changing rapidly. These changes are also impacting the global landscape of risk and regulatory frameworks. In response, organizations are seeking to create connected, interoperable, collaborative, and frictionless frameworks with customers, partners, and across the value chain. 

These frameworks are expected to be low-risk and fully automated, with the ability to automatically detect fraud. Key aspects of these frameworks include greater cybersecurity measures, the incorporation of design thinking at all stages, and the interoperability of solution frameworks.