189 Results from 2020, /regulation
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
Niall Twomey Chief Technical Officer at Fenergo
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
Retired Member
The Three Lines of Defense model, abbreviated as 3LOD, is a modern tool for enterprise risk management that has shifted corporate philosophy. This model creates an environment where everyone in an organization is encouraged to work in tandem to manage risk and achieve the company’s goals. The Three Lines of Defense model is comprised of: • The fir...
17 March 2020 /regulation /wholesale Innovation in Financial Services
Anna Mazzone MD at MetricStream
The business landscape of today is in constant flux and continually being disrupted by rapid change. From new competitors with disruptive business models to changing customer demographics and dynamics and technological advancements, we are seeing increasing paradigm shifts in business fundamentals. The regulatory landscape too has had to adapt to ...
12 March 2020 /ai /regulation Artificial Intelligence and Financial Services
How changing consumer behaviour impacts software demands The rise of the digital economy has without a doubt led to a staggering rise in customer expectations. Consumers across all sectors are now expecting more, faster and for less, a shift in expectation that has certainly not gone unnoticed by those front-line staff whose job it is to communica...
09 March 2020 /regulation /retail
Charu Kirti Jain Director for Corporate Actions Services at IHS Markit
With barely six months remaining before the September 2020 deadline for European Commission’s implementing regulation 2018/1212 for Shareholder Rights Directive II (SRDII), firms operating as financial intermediaries are focused on planning for compliance. SRDII is aimed to improve corporate governance in EU member states The European parliament pu...
06 March 2020 /regulation Financial Services Regulation
Matthew Ruoss CEO at Scorpeo UK
Voluntary corporate actions are often considered to be an inconsequential aspect of investment management. However, given the sheer amount of money that is lost to poorly handled corporate actions decisions – and the fiduciary infractions that they may spur down the road – these activities are proving to be highly consequential. Voluntary corporat...
03 March 2020 /regulation Post-Trade Forum
Anthony Walton CEO at Iliad Solutions
The UK financial regulator recently released its ‘Sector Views’ report, which provides The Financial Conduct Authority’s opinion on how the sector is performing. This is their annual analysis of the way the financial environment is changing and the impact of these changes on consumers and market effectiveness. The analysis contributes to The FCA’s...
02 March 2020 /payments /regulation Trends in Financial Services
The Private, Public and Impact Sectors Join Forces for AI for Good Close to 4,000 people are expected to attend the 2020 United Nations AI for Good Summit in Geneva. Senior executives from impact organizations and major companies and high-ranking government officials from around the world will gather in May to further the use of artificial intel...
27 February 2020 /regulation /inclusion Inclusive FinTech
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