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The Fourth Money Laundering Directive (4MLD)[1] introduces a raft of changes to anti-money laundering (AML) regulation within Europe. These include obliging member states to implement central register...
In line with its strategy of reforming key interest rate benchmarks, the Bank of England (BoE) recently announced that it would be taking over as the administrator of Sterling Overnight Index Average ...
Yes, believe it or not, ransomware has become such a booming business for thieves, that these cyber thugs even provide bona fide customer service departments to guide their victims! When ransomware in...
Whether it be the revelations regarding the “Panama Papers” and “Luxleaks” or the consecration of virtual currencies and the blockchain as means to facilitate the disintermediation and the anonymity
It might be free of cost, offering support round the clock – but when was the last time you hung up satisfied after being on call with the Instant Voice Response support? Online banking too has its li...
Do you ever have to read brochures that are nearly unreadable? Brochures that push the superlative functionality, the embroidered success story, the many advantages and sparse disadvantages, the reaso...
Digital transformation of marketing channels has brought a change in consumer expectations. Going digital calls for revised culture and process of work. Industries across sectors are reaping the benef...
Sberbank announced the launch of its payment/loyalty scheme. Coupled with its control over 40+ million salary accounts in Russia, a controlling investment in a leading POS loyalty program Plazius,...
Like any new technology, blockchain is morally neutral. It can be used to decrease costs and inflate bank profits. It can be used to expand the reach of financial services to the world’s poorest peo
Ever since I got my first credit card in the late '80s, I’ve been a fan of plastic. Rewards, deferred payment and a built-in line of defence from fraud - these are some of the reasons I pay with credi...
During the SWIFT Chairpersons' meeting at Sibos 2015, several delegates expressed their desire to compare notes on MT standards change requests (CRs), before the critical meetings at which they get f...
“Make the UK a world leader in digital provision – a place where technology ceaselessly transforms the economy, society and government” that’s the government’s ambition with the Digital Economy Bill. ...