4478 Results from /regulation
Claus Christensen CEO at Know Your Customer
Traditionally, a digitisation project at a financial institution has been a unique opportunity to shape the way entire teams work, introducing procedures and systems that would stay in place for a long time. But this was before 2020. Since the beginning of the pandemic, financial institutions had to adapt to new challenges at an extraordinary spee...
27 July 2020 /regulation /covid-19 Innovation in Financial Services
Retired Member
Tracing the evolving banking scenario in and around the pandemic, through the lens of “shrunken transactions” a harbinger in many ways. The intensity of the impact may vary, but both individuals and businesses of all sizes and shapes have been thrown into a vortex. Last blog* I touched upon margin compression and its impact on P & L books ...
27 July 2020 /regulation /covid-19 Banking Strategy, Digital and Transformation
I have nothing against Harrogate, well not consciously at least. However, over recent months there has been much discussion about unconscious bias in many walks of life - including mention in this article about data used for algorithms. So let's consider the role that preparation of data for regulatory uses might have, and where issues exist, what...
24 July 2020 /regulation /crime Data Management and Governance
Stephan Wolf Advisory Board Member at The Open Working Group
The crucial role of the LEI in the EC’s AML-CTF legislative reforms In May 2020, the European Commission put forward a series of measures designed to strengthen the EU's fight against money laundering and terrorist financing, including an Action Plan for legislative reform of the EU’s AML-CTF framework in early 2021. Against a backdrop of rising c...
24 July 2020 /regulation
An ever-evolving regulatory landscape has posed major challenges for financial services firms in recent years. But the move to remote working, prompted by the COVID-19 pandemic, has posed a completely new set of compliance challenges. Although lockdowns are now easing, financial services businesses have realised that even with their teams largely...
24 July 2020 /regulation /people Innovation in Financial Services
Alan McIntyre Transaction Reporting SME at Strait Downstream Ltd
As we slowly emerge from our socially distanced bubbles and contemplate the view beyond our own back garden towards the wider world again, we thought to cast our eyes stateside. More specifically, towards the North American regulatory reporting landscape. So why is that piquing our interest in particular? Well, pre-lockdown, quite a lot happened to...
22 July 2020 /regulation /markets
Retailers have been wrestling for months with the effects of COVID-19 — scattered workforces required to work from home, closed brick-and-mortar stores, dramatic spikes in online sales. And now, as they begin to reopen their physical stores, they are faced with another major disruption — the need to be ready for full enforcement of PSD2 and its st...
20 July 2020 /payments /regulation Payments strategies 2015-2020-2030
Vladimir Ershov Head of Data Science & Machine Learning at Clausematch
Last week, the 58th Annual Meeting of the Association for Computational Linguistics took place online. Most of the discussion was dedicated to AI and linguistics, with round tables based around cognitive and computational building blocks for creating more natural and human-like language in machines. Events like this are a valuable source of unique...
17 July 2020 /regulation /devops Artificial Intelligence and Financial Services
Hugh Cumberland Director - UK & EMEA at txtsmarter
The advent of the telephone nearly 150 years ago, followed by the rapid creation of local, national and then international telephone networks, put an end to the use of the telegraph in trading of financial products fairly swiftly. But it was not long before traders grew frustrated with exchange- based telephone services – due to unanswered calls a...
16 July 2020 /regulation /covid-19
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Regulatory distribution is systemically broken The conventional way governments distribute rules for use by citizens, businesses, other private actors and for the institutions of government is through documents and other forms of content. As highlighted in an earlier paper “The Dangerous Risk of Interactions with Regulation”[i], the use of docume...
16 July 2020 /regulation /cloud Fintech innovation and startups
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