Reporting/compliance

News/sustainable

More maturity needed from AI, DLT and IoT to power sustainable finance data

The executive director of Green Digital Finance Alliance, a partnership between Ant Financial and the UN Environment Programme, has told Finextra Research about the mixed picture in being able to harness new technology to collect and tap into the data required to drive investment for sustainable goals.

30 June 2020

News/sustainable

Barclays drives impact investing through digital marketplace

In the wake of Finextra Research’s SustainableFinanceLive event, Richard Peers of ResponsibleRisk spoke with Damian Payiatakis, head of impact investing at Barclays and David Newman, co-founder of software fintech Delio, to dissect their new impact investing platform, Impact Agora.

30 June 2020

News/regulation

EDPB casts doubt over GDPR adequacy decision for the UK

In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.

17 June 2020

News/payments

Outsource and collaborate for streamlined SWIFT gpi migration

SWIFT’s universal confirmation of payment deadline set for November 2020 means that firms have a clear window of opportunity to refine and implement SWIFT’s global payment initiative (gpi) for cross-border payments.

17 June 2020

News/security

How does society perceive the hacker in 2020?

As the methods of cyber criminals evolve, so will their motives. With this in mind, we may see a change in the way society perceives the hacker as they embrace new aims beyond simple financial gain.

15 June 2020

News/crypto

Fnality adviser: Wholesale CBDCs need more than just a central bank

Olaf Ransome, industry solutions adviser for Fnality, has shed light on the feasibility of wholesale central bank digital currencies (CBDCs), saying that the requirements of launching one are not within central banks’ specialisms.

12 June 2020

Research/Reporting/compliance

Instant Payments: Why Covid-19 is Bringing the Roadmap Forward

11 June 2020 639 downloads

News/people

UBS poaches Credit Suisse IT exec

A former chief information officer and managing director at Credit Suisse, Jason Shane, has been recruited by rival Swiss bank UBS to become its head of technology for internal audit, compliance, regulatory and governance.

05 June 2020

News/regulation

US regulator signals change to digital banking rules

A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.

05 June 2020

News/regulation

Westpac blames technology and human error for AML failure

Australian bank Westpac has blamed the failure of its anti money laundering (AML) processes on a mixture of technology and human error rather than any intentional wrongdoing, according to a report commissioned by the bank's former chairman Lindsay Maxsted.

04 June 2020

News/cloud

Using governance to accelerate cloud migration in financial services

Financial institutions have the opportunity to enhance traditional governance processes by building a well-structured cloud service assessment from the ground up, to help demonstrate regulatory compliance when moving to the cloud.

22 May 2020

News/payments

Will SCA delays stall Request to Pay’s momentum?

Request to Pay (R2P) services originally scheduled to launch later this year have been expected to play a major part in transforming the UK and EU’s payments ecosystem.

14 May 2020

News/regulation

FCA: LIBOR’s tough legacy contracts are a ‘knotty problem’

Speaking at the Association of Corporate Treasurers’ International Treasury Week, Edwin Schooling Latter, director, markets and wholesale policy, FCA, said firms must push forward with LIBOR departure projects despite uncertainties regarding certain LIBOR linked loans.

13 May 2020

News/regulation

UK watchdogs release Regulatory Grid, mapping out upcoming rule changes

UK financial watchdogs have launched the Grid, providing details of upcoming regulatory intiatives and necessary timetabling changes in light of the current health crisis.

07 May 2020

News/security

Trust remains integral to acceptance of AI by UK consumers

In response to the European Commission’s strategy for data released in February, Vikram Khurana, senior associate, Bristows LLC argues that “The EC is saying trust needs to be the bedrock of AI. If the industry can tackle this issue and build trustworthy AI systems, AI is more likely to be accepted and taken up by businesses and individuals.”

29 April 2020

News/sustainable

Antony Jenkins on sustainability: ‘You can’t please everyone’

In conversation with Finextra TV, Antony Jenkins, founder and executive chairman of 10x Future Technologies and former Barclays CEO, highlights that the single most important factor in the push toward sustainability is transparency.

27 April 2020

News/crime

Learning from Swedbank: Scrutinise AML processes to prepare for 6AMLD

In a report released March this year, Swedbank was found to have carried out €37 billion of high-risk payments over a five-year period.

20 April 2020

News/payments

Size does matter for banks tackling ISO 20022 migration

With a new migration date set for November 2022, Swift’s community must be prepared to adopt the data-rich ISO 20022 for cross border payments in under 24 months. The deadline delay proves just how challenging this project has been for financial institutions across the payments landscape.

15 April 2020