4373 Results from /regulation
Retired Member
It seems like not a month goes by without the introduction of some new regulatory or legislative requirements, or the addition of a new hot topic to the compliance to-do list. For many companies, it can feel as if they spend so much time ensuring watertight compliance that they have precious little time left to dedicate to their core business. Whi...
23 April 2020 /regulation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
Here are ten steps to defining a data strategy based on a data capability maturity assessment, for a Financial Institution Identify and Simplify Maturity models, and customize the yardstick as well as benchmarks based on local study and future organization strategy Conduct workshop with leaders and grassroots to sensitize the assessment and questi...
19 April 2020 /regulation /retail Data Management 101
Clive Bellows Head of Global Fund Services, EMEA at Northern Trust
Regulation, rising costs, compressed fees all contributing to pressure of change Investment managers undoubtedly feel the pressure of change. Costs are rising, fees are stretched, and margins are being compressed. Simultaneously, the industry is facing significant regulatory and compliance shifts. Under such circumstances, it’s nearly impossible...
17 April 2020 /regulation /wholesale Trends in Financial Services
Felix Kronabetter Business Development Manager at RBR
The 13th edition of Merchant Payment Ecosystem (MPE) had a lucky break, being one of the last large‑scale conferences to take place before the COVID‑19 virus spread in earnest. The show took place from 18th to 20th February at Berlin’s Intercontinental Hotel, bringing together 1,200 attendees, including 280 merchants and 300 acquiring banks and PS...
09 April 2020 /payments /regulation 5G Payments Schemes and Strategies 2020 - 2035
John Bertrand MD at Tec 8 Limited
Doubling the interest rate on current accounts for 19 million accounts could add an additional £2.4 billion a year income for banks: so how do we handle this with empathy during a pandemic? The economy is been brought to its knees by the Coronavirus and many, many people will be struggling with less income through the rest of 2020. 19 million of th...
04 April 2020 /regulation /retail Transaction Banking
John Pucciarelli Director of Strategic Initiatives at AcadiaSoft
If you’ve been working in and around financial markets long enough, you’ve seen your fair share of volatility and downturns like the one we are experiencing now. In times like this, it is natural to look back and make comparisons against other times of stress to assess how markets reacted and what the fallout was after the crisis. Even though my g...
02 April 2020 /regulation /covid-19 Financial Services Regulation
Niall Twomey Chief Technical Officer at Fenergo
In this nascent market, organizations are exploring the speed and accuracy of DLT and the enhanced security of Blockchain. In this blog, I take a look at the DLT and blockchain technologies that can make decentralization and sharing of quality data a reality for e-KYC utilities. When we explore the bank-driven approach to KYC customer record shari...
01 April 2020 /regulation /crime Blockchain in Banking and Financial Services
Richard Warren Partner at FirstPartner
In a statement released on 25th March, the European Banking Authority (EBA) has confirmed that, for the moment, the December 31st 2020 enforcement deadline for PSD2 Strong Customer Authentication (SCA) remains in place. This is despite the universal disruption caused by the COVID-19 pandemic. The confirmation comes at the end of a wider set of re...
31 March 2020 /payments /regulation
Over the last three blogs in this series, we’ve analyzed the need for e-KYC utilities to solve the current KYC challenge. We’ve examined the need to learn from previous KYC utility attempts and explored the role of distributed ledger and blockchain technologies to achieve a coveted decentralized approach to KYC utilities. In this final blog, we lo...
19 March 2020 /regulation /crime
Rajiv Desai SVP - US Operations at Pelican
The ISO 20022 messaging standard will enable rapid payments processing and global settlement, with interoperability across many payments infrastructures. As we move closer to the migration deadline across various jurisdictions and regions, the technology challenges for managing the messaging format migration are becoming increasingly clear. As or...
18 March 2020 /payments /regulation SWIFT Matters
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