Latest Operational risk News: Finextra Research

Metro Bank launches cash delivery services for SMEs

Metro Bank has begun accepting registrations for its on-demand cash collection and delivery service for SMEs across the UK.

16 December 2019

News/sustainable

Disclosing sustainability does not guarantee sustainability

81% of banks are disclosing information on progressive climate-related public policy. According to a report by Boston Common Asset Management, this is a slight increase from 71% in 2018.

05 December 2019

News/sustainable

The impact of climate risk on investment decisions and disclosure law

Climate change is predicted to cost 200 of the world’s largest companies $1 trillion over the next five years, according to a survey conducted by the charity CDP. But should the financial services industry be concerned? The answer is yes and for two fundamental reasons: the impact on investment and disclosure laws.

21 November 2019

News/regulation

UK charges ahead with legal certainty for smart contracts and cryptoassets

In a landmark statement, the UK Jurisdiction Taskforce of the Lawtech Delivery Panel today set out the recognition of cryptoassets as tradable property, and smart contracts as enforceable agreements under English Law.

18 November 2019

News/sustainable

De-risking sustainable reporting of commercial banking data

While the Sustainable Development Goals (SDGs) set by the United Nations General Assembly for 2030 are ambitious, the financial services industry will play a crucial role in supporting countries with implementing new approaches to build momentum and accelerate progress.

12 November 2019

News/sustainable

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

The influx of green banking initiatives and risk management tools has done little to remedy the expansion of fossil fuel financing and commercial attitudes remain unchanged as we move forward towards what is now a climate crisis, according to Boston Common Asset Management’s 2019 report.

11 November 2019

News/sustainable

SustainableFinance.Live - a new event series

Finextra Research and ResponsibleRisk are collaborating with change agents in the sustainable finance arena to showcase a programme of content, workshops and conferences.

08 November 2019

News/security

Money 20/20: Fusion centres are the future of fraud prevention

Security executives have a bigger seat at the table when making product decisions in the world of faster payments and online account origination. At Money 20/20 USA, industry experts discuss how technical knowledge and business issues need to be married to truly meet the realities of digital transformation and prevent fraud.

29 October 2019

News/Operational risk

Money 20/20: Calibra head claims Libra AML efficacy higher than other payment networks

While Libra, the global currency governed by the Libra Association, has unveiled a plethora of opportunities for trailblazers to disrupt financial infrastructures, the project has been questioned around trust and regulation.

29 October 2019

News/inclusion

Money 20/20: Latin American fintechs can serve the US better than US fintechs

Fintech firms born and bred in Latin America have survived and thrived in markets in which political and economic uncertainty requires new players to be agile and flexible.

28 October 2019

News/Operational risk

Will the next financial crisis be a cybersecurity crisis?

Recent economic slowdown coupled with widespread geopolitical risk has stoked fears that a recession is looming, which will inevitably invite comparisons with the financial crisis of 2007-08.

25 October 2019

News/Operational risk

AI, cloud, blockchain and beyond: Changing the financial world individually and in tandem

AI, cloud, blockchain and quantum computing form some of the pillars the much-discussed Fourth Industrial Revolution, with financial services watching on in anticipation of the disruption they promise in the years ahead.

18 October 2019

News/cloud

How the cloud increases capacity and agility

The cloud propels financial institutions (FIs) forward and provides the opportunity to scale in line with market demands such as volatility in the capital markets space, new regulations in banking and payments or increasing data assets in the insurance industry.

18 October 2019

News/regulation

BofE to stress test financial system against climate pathways

As the financial services industry faces up to the threat of climate change, the Bank of England is to become the first global regulator to stress test its system against different "climate pathways", says governor Mark Carney.

08 October 2019

News/Operational risk

Ten Thai banks to trial biometrics

Thailand's central bank is set to launch a test-use of biometric technology and has announced that ten institutions will participate.

07 October 2019

News/Operational risk

HSBC to cut 10,000 jobs - FT

More than 10,000 jobs could be lost at HSBC as the global bank embarks on a cost-cutting exercise, according to a report in the Financial Times (FT).

07 October 2019

Company update/Operational risk

Worldline celebrates sustainability ranking boost

Worldline, [Euronext: WLN] European leader in the payments and transactional services industry, announces that it has gained one place in the Sustainalytics ranking and became the 4th out of the 229 companies assessed in the Software and Services industry.

07 October 2019

News/Operational risk

Sibos 2019: How to bank sustainably for a better world

The fourth and final day of Sibos 2019 in London focused on sustainability and climate risk finance, with Sir Roger Gifford, chair of the Green Finance Institute, kicking off talks on the Spotlight stage.

26 September 2019

News/payments

Nick Ogden launches cross-border liquidity network RTGS.global

Finextra can exclusively reveal that Nick Ogden, creator of fintech heavyweights Worldpay and ClearBank, is spearheading an initiative to improve the speed and performance of international payments. At Sibos in London he is gathering support behind RTGS.global, a new business designed to remedy the problems involved with the invisibility of liquidity between countries.

25 September 2019

News/cloud

How insurers can leverage the cloud to focus on innovation

Insurance providers must leverage the cloud to offer a personalised experience to their customers, but also ensure that operational agility and innovation are a priority.

20 September 2019