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J M Kumar

Senior Business Consultant, BFSI

Shyam Sundar

Senior Business Consultant, BFSI

Highlights

  • Regulatory compliance at banks is ridden with challenges given the lack of real-time monitoring, disconnected data systems, and poor interoperability.
  • Banks can overcome these obstacles by having the metaverse operate on top of existing compliance systems, as the primary interface. 
  • Over the next 18-24 months, banks should run compliance operation pilots in the metaverse for smaller business units (for instance the retail banking division of a large investment bank) within their organizations, to evaluate its potential.