Compliance Fatigue Becomes the Biggest Challenge for Europe's Financial Service Providers

MoneyToday

Factuality

Ownership

European FinTechs, banks, insurers and other financial institutions are increasingly under operational pressure due to growing regulatory requirements. According to a recent study by global verification specialist Sumsub, the so-called "compliance fatigue" is now an industry-wide problem. The new report "The State of European Financial Services" shows which points are described as the biggest challenges.