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For financial institutions, fraud loss can be damaging – both in terms of cost and customer confidence. It’s a crime that has affected many institutions to the extent that fraud loss has evolved into ...
If you manage IT at an EU-based financial institution, you are likely staring down an onslaught of new rules from the Markets in Financial Instruments Directive II (MiFID II). MiFID II picks up where...
In Part 1 of this 3 blog series, I plans to outline the emergence of data privacy rules and how the lack of harmonization of in-country data privacy is hampering the ability to implement a global comp...
Google Company — now renamed to Alphabet — started as an academic project on Stanford University exactly 20 years ago. After these two decades Larry Page and Sergey Brin, the students, who developed
I have noticed an increasing casual use of the term “rails” to describe payment systems, in particular “card rails”, “ACH rails”, and even “blockchain rails”. But do payments move on rails, are there ...
My previous blog about smart contracts highlighted how they could create efficiencies in trade affirmation/confirmation and throughout the trade lifecycle. However, there are still many open question...
My previous post https://www.finextra.com/blogposting/12517/beware-the-financial-crime-bite-of-the-back-book talked about the dangers lurking in a firm’s back book of existing customers and how to fi...
On March 31 Wall Street banks were required to provide the first annual CEO attestation as part of the Volcker Rule which was adopted in 2013 and went live in July 2015. As part of the attestation, ea...
Blockchain contains what everyone in data management, from data scientist to chief data officer (CDO), wants: Information that comes with complete provenance. That is data showing who did what, when
My first direct contact with compliance was confrontational. The team had just developed our first internet trading screens and we were excited to deploy them at some beta futures brokers. It was goin...
As of 1st July 2016, the first phase of the EU's new regulation on electronic identification (eIDAS) will become enforceable. But amid all the confusion about its implications among both EU banking ex...
Last month myself and a colleague made a trip over to Stockholm, Sweden as part of an ATM Innovation Forum hosted by our company. This represented a very interesting opportunity to firstly meet with t...