“We are blessed to be in the UAE, where the government is so much more forward-thinking,” says Sandeep Chouhan, group head of operations and technology at Mashreq Bank.

The regulators are constantly revising and reinventing the regulations to allow for the adoption of technologies and the new operating models. The regulations are evolving in line with the arrival of these technologies that allow data exchange, data residency, the advent of cloud and so on. Source: Mashreq Market Talk