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It's becoming too easy for criminals to get their hands on your banking information, due to your employees' ignorance of phishing scams. Malware attacks have soared recently, targeting banks for the...
Do you Know your Exposure? Electronic invoicing in Latin America is not just about operational issues, it is about risk and financial exposure. Recently, Citigroup, Inc. announced that fraudulent inv...
Coming from an IT background, I am often overly critical of a bank’s IT department. I get frustrated when they appear to be more worried about technical standards than viable functionality. In truth,...
The Commodity Futures Trading Commission (CTFC) has announced that the new replacement no action letter for swaps traded on Multliateral Trading Facilities (MTFs) contains notable clarifications seek...
It’s old news that the customer journey has changed in the last decade and continues to evolve as new digital channels are introduced or enhanced. Customers now expect to bank on their terms. This dri...
Now that the industry has (almost) completed Sepa – there is still plenty of work to be done. Investment has been made by both institutions and corporates to get up to speed and in-line with the new r...
The Basel Committee on Banking Supervision (BCBS) has published an updated progress report on the implementation of the Basel regulatory framework. This sets out the adoption status of Basel II, Base...
Identity theft evolves as technology progresses. The Identity Theft Resource Center explains the future of this crime. Definition of Identity The definition will swell up to include biometrics and b...
Having travelled across four continents over the last twelve years, managing requirements, this piece seeks to share some interesting experiences while working with a diverse clientele. Spring beckone...
In Mobile Wallets Should Fix What’s Broken – And It Ain’t Payments, I'd highlighted why paying by plastic card is natural and how mobile wallets are really not offering any compelling reason for peop...
With eye watering fines and the threat of deferred prosecutions, many banks have been working hard to solve the problems of correctly identifying and screening clients for financial crime purposes ove...
The Financial Stability Board (FSB) has published its seventh detailed progress report on the implementation of OTC derivatives market reforms. The report observes that significant progress has been m...