Banks are going through massive changes as new technology, rules, and policies shake up how they do business. Traditional banks are scrambling to keep up, especially as AI starts handling important tasks like managing mortgages and analyzing legal cases.
These days, banks can't just focus on basic banking services; they also need to think about their legal strategy, protect their good name, and keep operations running smoothly — all at the same time.
Making things even trickier, banks face competition from tech companies offering financial services even though regulations aren't always clear. Banks must figure out how to use automated systems without creating legal headaches or breaking compliance rules as they meet their day-to-day business needs.
The bottom line? Banks will succeed or fail based on how well they can blend traditional banking with new technology, follow the rules, and avoid taking unnecessary risks.
Join Professor Dan Awrey from Cornell Law School's Master of Science in Legal Studies (MSLS) program and MSLS graduate Tye Brown as they explore how banks are navigating unprecedented transformation. Their discussion will examine how financial institutions are balancing technological innovation and traditional services while facing new competition from tech companies as well as complex regulatory challenges.
Professor Awrey will also be sharing key insights from his recently published book
Beyond Banks: Technology, Regulation, and the Future of Money, published by Princeton University Press.
