Less than two decades ago, fund groups wrestled with whether it was worthwhile to create websites. We are now looking at several similarly disruptive developments, as advances in financial technology, often called Fintech, continue apace. Even as new efficiencies and opportunities blossom, regulators have pushed financial firms to recognize the dangers of technological failures. As former Securities and Exchange Commission (SEC) Chair Mary Jo White admonished in the context of mutual fund boards, however, it is not enough to address existing risks: “Boards should also think more broadly about the emerging problems of tomorrow and what issues they may be missing.”

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