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Retired Member

Was 2016 the year that retail banking changed forever?

You can say what you like about 2016 but it’s unlikely to be forgotten. Whereas the memory of most years quickly blur, there’s little doubt that the one just passed will be vividly remembered for a ho...

06 Dec 2016
Rhodri James

5 Steps to Prepare for the New 'Beneficial Ownership’ KYC Rules

Additional stringent know your customer (KYC) regulation comes into effect in the US in spring 2018. The new rules concern ‘beneficial ownership’ – institutions will have to discover ‘ownership’ – def...

06 Dec 2016
Rohas Nagpal

Gold backed virtual-currencies in a post de-monetization India

Our ancestors started off with the barter system – something like “I will give you 2 buffaloes in return for 5 shiny new super-sharp axes”. Soon they realized that the barter system had too many limit...

06 Dec 2016
Laura Glynn

FATF Finds US Beneficial Ownership Lacking

By Laura Glynn, Global Manager of Regulatory Affairs, Fenergo It has been ten years since FATF published its last Mutual Evaluation Report (MER) of the United States. On December 1st, 2016, as many o...

05 Dec 2016
Chris Day

BCBS 239 - Semantic Quality

The only way to ensure that aggregate information in which to make critical decisions upon is accurate and precise is through semantic quality. The silos of data quality metrics across individual syst...

05 Dec 2016
Henry Hilska

KYC: Solving the Regulatory Challenges of Data Privacy

Data Privacy regulations increase challenges for bank KYC and AML programs Financial services organizations are under increasing pressure from regulators to focus on KYC and client due diligence. Thi...

02 Dec 2016
Financial Services Regulation
Dharmesh Mistry

The future of UX in Banking

Virtual reality, voice recognition, artificial intelligence, augmented reality: these are the technologies that are set to change the way we interact with each other and in business. They are the way ...

01 Dec 2016
Dharmesh Mistry

Solving The Legacy System Problem For Big Banks.Is there a solution?

Despite the considerable risk involved in removing legacy systems, not all big banks are hesitant to attempt to combat the problem, including NAB. Yet NAB’s implementation of a new core banking platfo...

01 Dec 2016
Dharmesh Mistry

Will Industry Progress and Innovation Be The Downfall Of Big Bank

Part 2 of "Are banks too big to scale" While changes in payments trends from consumers are placing increasing strain upon large, traditional bank systems, they aren’t the only force altering...

01 Dec 2016
Dharmesh Mistry

Are banks too big to SCALE? Who's to blame

The ever-increasing size of traditional, long-standing banks has been a fascinating point of discussion for many years now, with the possible problems arising from banks being “too big” having far rea...

01 Dec 2016
Retired Member

How RegTech Could Keep a Firm from Being Overprotective

One solution to protecting financial data is simply to treat all data as sensitive. This would avoid the complicated work of developing and implementing complex data aggregation tools and procedures. ...

01 Dec 2016
Innovation in Financial Services
Ron Teicher

The Road To Overcoming Data Overload

You don’t need to be an actuary to notice the correlation between the growth of ecommerce and the evolution of online merchant-based payment fraud. This is due two main factors: The first is the proli...

01 Dec 2016