Latest opinions that Adam Holden has shared on Finextra

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Adam Holden

Chief Executive Officer

NorthRow

Member since

22 Apr 2020

Location

London

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Adam's opinions

How to reduce time and complexity in identifying Ultimate Beneficial Owners

The ability to comprehensively identify and verify corporate hierarchies and Ultimate Beneficial Owners (UBOs) has become increasingly important, but also very time-consuming. Most regulated businesses invest considerable resources to uncover the full picture. In this article I am going to discuss how we can simplify the process to reduce both tim...

01 September 2021 /regulation Financial Risk Management

7 Biggest Challenges of KYC Monitoring

Many firms have taken the trouble to digitally transform their onboarding, but are wasting eye-watering sums of money and man-hours on inefficient processes when it comes to ongoing monitoring. And yet KYC monitoring is vital to ensure compliance with Money Laundering directives so where does it all go wrong and what can firms do to implement chan...

11 February 2021 /regulation /crime RegTech

Top 5 Compliance Challenges and Trends in 2021

If we thought 2019 ‘was quite a year’ and that 2020 would bring some challenges, then how on earth do we begin to verbalise the last 9 months? Despite epidemiologists warning of a once-in-a-lifetime pandemic, the most advanced nations in the world were ill-prepared for the scale of the fall-out. The effects of which are still being felt, and will ...

12 January 2021 /regulation /crime Big Data

7 Barriers to Delivering Efficient KYC Remediation

Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your...

05 October 2020 /regulation Financial Risk Management

What You Should Know About the Government’s Economic Crime Levy Proposals

As a first step towards introducing the Economic Crime Levy, as announced by the Chancellor in his March budget, the Government has issued a consultation document designed to get feedback on how the levy should be introduced, what it should cover and who should pay for it. Although there appears to be a general acceptance that the levy is a good i...

24 August 2020 /regulation /crime Financial Risk Management

The Future of Compliance: Digital Transformation Meets Regulation

Digital Transformation (DT), is nothing new; it’s an industry in itself that has become diluted to a point where it has virtually lost its meaning. However it represents a step-change in the speed at which customer user experience (UX) and service innovation is delivered by regulated businesses. This should be throughout the customer journey, from...

25 June 2020 Financial Transformation

Will Anti-Money Laundering Compliance Still Apply After Brexit?

On the 31st December 2020, the UK will complete its transition period to leave the European Union (EU), with or without a trade deal agreement in place. Whilst we anticipate that Brexit will affect regulatory compliance for many sectors, the full extent of the impact is somewhat unclear until negotiations have been finalised. In this article, we d...

15 June 2020 /regulation

Are the COVID-19 UK Government Loans a Help or Hindrance to the UK Economy?

The government's recent Bounce Back Loan Scheme has been a lifeline for small businesses struggling under the economic pressure of the pandemic. With more than £14bn lent to SMEs and sole traders, there are growing concerns within the banking sector for increasing default rates in the years ahead. In our latest article we discuss what the outlook ...

29 May 2020 /regulation /covid-19

How FinTechs are transforming SME lending

The unprecedented uncertainty caused by the pandemic is having a profound impact on SMEs around the globe. Lenders must ensure they deliver funds quickly and efficiently to help ensure the survival of small businesses. With lockdown measures still in place for many, the questions is how can lenders continue to deliver faster funding for SMEs durin...

20 May 2020 /identity /covid-19 Fintech

5th Anti-Money Laundering Directive: Do We Need Rules or a Flexible Approach?

Businesses continue to face multiple challenges in achieving compliance with the requirements of the FCA and the 5th Money Laundering Directive (5th MLD), whilst running a tight and effective business. In all cases the aim is the same: to prevent crime whilst enabling genuine business, but the approach can seem rather different. In this article I ...

19 May 2020 /regulation