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Discussion around current trends in regulations for banks globally
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Adam Preis Global Strategist at Ping Identity
The UK’s financial regulatory landscape is known for its comprehensive oversight, securing consumer interests and rights, and focus on maintaining fair, competitive markets. While the country’s financial rules aim to protect consumers and ensure market stability, they also emphasise innovation, particularly in the post-Brexit era. Central to this ...
25 September 2024 /regulation /identity
Srinathprasanna Neelagiri Chettiyar Shanmugam Manager - Banking and Financial Services at Aspire Systems
Welcome back to my blog series on DORA regulation !!! In this blog, I will dive into the specific topic of Threat-Led Penetration Testing (TLPT). Key Players in the TLPT Ecosystem: Understanding the roles involved in TLPT is crucial. Here’s a quick rundown: Red Team: These are the attackers in the simulation, employing tactics, techniques, and pro...
11 June 2024 /security /regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...
21 May 2024 /security /crime
Martin Bradbury Regional Director, Financial Services UK&I at Dynatrace
Financial services providers are essential for the modern world, supplying the systems critical to the flow of business. Ensuring these systems are resilient and available 24/7 is vital to upholding customer trust, driving business continuity, and maintaining regulatory compliance. The Digital Operational Resilience Act (DORA), a European Union (...
20 May 2024 /security /regulation
Yogendra Singh Vice President, Global Head, Solution Consulting at Oracle
Introduction: The Basel III regulatory framework, developed post-2008 financial crisis, aimed to fortify the global banking system. As discussions around the Basel end game intensify, regulators, central banks, and financial institutions are navigating the path forward for banking regulation. This article delves into the intricacies of the Basel e...
10 April 2024 /regulation /predictions
Financial crime continues to be a major issue, undermining the trust and safety of global financial systems. The United Nations estimates that a staggering 2 to 5% of global GDP, or between EUR 715 billion and 1.87 trillion, is laundered each year. Moreover, about 50% of companies worldwide have experienced fraud in the last two years, underscorin...
18 March 2024 /regulation /crime
Steven Rackham CTO for Financial Services at NetApp
The enforceable deadline for DORA is now under a year away and organisations in the FS sector are in a difficult position. Preparing for any change in regulation is hard enough, but with the European Banking Authority yet to publish the final technical specification or a list of critical IT providers, businesses are effectively still in the dark i...
22 February 2024 /regulation /cloud
In the financial services sector, Anti-Money Laundering (AML) continues to be a topic of intense debate. Discussions oscillate between advocating for stricter regulations and questioning the extent of banks' responsibilities in overseeing (policing) financial transactions. AML regulations are pivotal in preventing the use of financial institutions...
13 February 2024 /regulation /crime
Vlad Dobrynin Founder & CEO at Humans Group
Soon, all companies, regardless of their business area, will have to engage with fintech. Back in 2020, this was the forecast presented by analysts at the Andreessen Horowitz venture capital fund. For instance, taxi and delivery aggregators are creating their own payment services, financial transfer systems are being integrated into messengers, gi...
05 December 2023 /payments /predictions
When discussing the dynamic world of Fintech, particularly in the context of neo-banks and payment Fintechs, licenses play a crucial role. This regulatory aspect, while less glamorous than cutting-edge user experiences, is a fundamental component of the Fintech ecosystem. Unfortunately, it often does not receive the attention it deserves in Fintec...
02 November 2023 /regulation /retail
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