Latest opinions that Shaun Thomas has shared on Finextra

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Shaun Thomas

Product Manager

Namescan

Member since

29 Oct 2018

Location

Sydney

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Shaun's opinions

The future of Anti-Money Laundering Compliance

It is common practice for AML compliance departments to be traditionally people-heavy and technology inefficient. This is set to change in the next five years or so, with AML compliance departments planning on making large investments into new technology that significantly reduces staff count. Some of the areas that are due for the most change inc...

11 December 2018 /regulation Financial Services Regulation

Is the end of CryptoExchanges and ICO's amongst us?

With the rise of cryptocurrencies and ALT coins, fuelled by the retail madness of Initial Coin Offerings (ICO’s) in late 2016 and all of 2017, we have seen an increase in the number of trading exchanges that have come to fruition. Everything seemed to be fine and the crypto industry was making more millionaires overnight than any other form of in

04 December 2018 /regulation Blockchain Observations

How Taiwan has become a global leader in Anti-Money Laundering compliance

In 2016, Taipei-based Mega International Commercial Bank Co was fined a record $180 Million USD by authorities in New York, for having a “Hollow Shell” in their compliance program. As a result of this record-breaking fine, shockwaves were sent throughout Taiwan to official circles, at the same time legislators were considering new regulations t

19 November 2018 /regulation Fintech

Why Blockchain is a good solution for KYC verification

With the creation of blockchain technology, many traditional systems have become outdated and are due for an upgrade. Blockchain has demonstrated its capabilities with the conception of virtual currencies such as Bitcoin and Ethereum, which have completely revolutionised the global currency system. By linking blockchain-based applications, Dapps (...

06 November 2018 /regulation Blockchain Observations

The Digital Identity move in Australia

Providing physical documentation such as your Passport or Birth Certificate to prove your identity is currently the biggest issue government services are facing in their attempt to digitally transform their service offerings. In Australia, the Passport Office still requires all applications to be lodged in person. Whilst I can understand the reaso...

30 October 2018 /regulation Fintech innovation and startups