4442 Results from /regulation
Retired Member
2018 was an interesting year, with cybersecurity at the forefront in media. We saw dozens of high-profile breaches (e.g., Facebook, Orbitz, MyFitnessPal) and many more low-profile incidents. Cybersecurity preparedness assessments and testing have become a standard cost of doing business. Ransomware is a household term. The EU’s General Data Protec...
12 February 2019 /security /regulation
According to a recent report by MarketsandMarkets, the Regtech market is expected to be worth $12.3 billion by 2023. This is driven by an increase in the cost of compliance, as even more regulations are adopted and the requirement for a more streamlined customer experience proves to be more important than ever. Know your customer, anti-money laund...
12 February 2019 /security /regulation Financial Risk Management
Andrew Churchill ID & Authentication Standards author at MIDAS Alliance
On Thursday evening I was delighted to be speaking in Parliament on behalf of the MIDAS Alliance at the launch of Tech UK’s Digital IDs report, hosted by the All Party Parliamentary Group in Digital Identity. This very well attended event heard of the opportunities afforded by getting digital identification & authentication right, ranging from...
11 February 2019 /regulation Banking Strategy, Digital and Transformation
The two types of Open Banking providers: here’s what you need to know Since January 2018, Open Banking has been driving dramatic change across the financial world, revolutionising everything from payment solutions and budgeting tools to lending applications and credit evaluations. But what exactly do companies offering Open Banking do? Regulated p...
11 February 2019 /regulation Open Banking
Understanding the Options: Investment Processes vs. Operational Procedures The range of tools available in today’s market reflects the increased diversity of operations among fixed income managers. To fully understand the role that technology plays in the asset management lifecycle, it is helpful to categorize the technology functions under two un...
07 February 2019 /regulation Innovation in Financial Services
Recently, Phil from the FT highlighted the risk for about 90 dual-listed companies under a no-deal Brexit. But I think the problem is much bigger. In our own analysis, we took it further and found about 230 liquid stocks (not necessarily dual listed) that had roughly a 50:50 split of turnover across UK and EU27. While dual listing complicates comp...
07 February 2019 /regulation
Richard Miller Product Owner at RegDefy (MV37)
In a previous article I looked at how Distributed Ledger Technology (DLT) can be applied to the issue of making sure you understand who you are doing business with i.e. Know Your Customer (KYC). The opportunity here is to reimagine what is normally not a differentiating business process by mutualising your operations with your competitors. Unfortu...
02 February 2019 /regulation Blockchain Observations
Barley Laing UK Managing Director at Melissa
Open banking not only opens up a world of opportunity for financial services companies seeking to improve the customer experience, but also presents a potential gold mine for fraudsters, particularly through identity fraud. With more financial institutions than ever before sharing customer data in the open banking world, some of it fraudulent, ther...
01 February 2019 /regulation Banking Strategy, Digital and Transformation
The saying goes, “If it ain’t broke, don’t fix it.” However, in the culture of today’s business market, the saying should be adapted to say, “If the existing risk management program is working, still see if there are areas for improvement with an independent assessment.” The reason is that enterprise risk management (ERM) programs are structured p...
30 January 2019 /regulation /wholesale Banking Strategy, Digital and Transformation
Brandon Li Product Manager at Austreme
The rapid development and rising volume of e-commerce transactions in recent years has encouraged the outbreak of cybercriminals – who are finding more and more complex ways to conceal profits that are likely to have been earned illegally, via an online environment. The extensive range of payment systems available along with the exponentially grow...
29 January 2019 /payments /regulation Banking Regulations
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