4339 Results from /regulation
Harriet Christie Chief Operating Officer at Mirrorweb
The Financial Conduct Authority’s (FCA’s) Consumer Duty officially came into action over a year ago, with an implementation deadline of 31st July 2023 for all new and existing products and services. The regulator favored a phased approach, with different obligations landing at different stages throughout the adaptation. This concluded in July 202
02 October 2024 /regulation /wealth RegTech
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Correspondent banking relationships are vital for facilitating international transactions. However, the reliability of these correspondent bank accounts is crucial for mitigating risks, including fraud and financial instability. Here are five essential steps to ensure the reliability of correspondent bank accounts. Step 1: Verify Regulatory Compli...
02 October 2024 /security /regulation Financial Services Regulation
Will Anderson CMO at Eastnets
A Trade Based Financial Crime story A large shipping vessel leaves a port in Southeast Asia carrying electronics—supposedly valued at $2 million—for delivery to a partner company in Europe. The ship’s cargo manifests are meticulously prepared, but unknown to customs officials, the cargo has been intentionally misinvoiced. In reality, the goods on ...
30 September 2024 /regulation /crime Financial Risk Management
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Financial Conduct Authority (FCA) has provided a detailed update on the cash savings market following its initial review published in July 2023. This latest report, released in September 2024, assesses how banks and building societies are improving customer outcomes, particularly concerning interest rate pass-through, fair value assessments, a...
30 September 2024 /regulation /inclusion Fintech
Retired Member
The adoption of AI/ML in banking is not just a technological advancement; it is a strategic imperative that is reshaping the industry. From personalised consumer banking experiences to efficient commercial operations, AI/ML technologies are driving significant improvements in customer satisfaction, operational efficiency, and financial performance...
27 September 2024 /ai /regulation Artificial Intelligence and Financial Services
Iain Mantell Sector Specialist, Financial Services at IPI
Our world is increasingly reliant on digital infrastructure. This delivers the businesses that operate essential services tremendous corporate and customer experience (CX) benefits. But it also exposes them to risk. As a critical infrastructure sector, financial services is particularly at risk from cyber-threats and IT failure. That’s why the EU
27 September 2024 /regulation
Ritesh Jain Founder at Infynit / Former COO HSBC
In an era where digital transformation is imperative, introducing Vishvasya—the National Blockchain Technology Stack—marks a critical juncture in India's journey toward establishing a robust digital public infrastructure (DPI). Developed and launched by the Ministry of Electronics and Information Technology (MeitY), Vishvasya aims to leverage bloc...
27 September 2024 /regulation /predictions Blockchain Observations
Ben O'Brien Managing Director at Jaywing
As financial institutions increasingly integrate AI, they encounter the challenge of unlocking its potential while ensuring compliance with regulatory requirements and ethical standards. In this post, we'll review regulatory expectations, share strategies for building transparent and fair AI models, and cover the importance of robust governance and...
26 September 2024 /ai /regulation
Elaine Mullan Head of Marketing and Business Development at Corlytics
The business world is no stranger to transformative waves of change. In the 1980s and 1990s, the rapid globalisation of markets reshaped how companies operated, introducing new efficiencies (do you remember JIT or just in time?), expanding opportunities, and forcing adaptations that fundamentally altered the corporate landscape. Fast forward to to...
25 September 2024 /ai /regulation Women in FinTech
Anna Kuzmina Expert at Fintech
Issyk Kul Photo by Igor Tverdovskiy on Unsplash I love to share personal stories of the troubles I get into in different places around the world. Especially when it comes to payments, my professional field. This is a story of the payment product UX gone wrong because of one teeny tiny detail, and the
25 September 2024 /payments /regulation Fintech
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