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The transformative potential of generative AI for the banking sector was a subject we keenly explored earlier in the year. With the whirlwind advancements in the technology sector, six months can feel...
As 2023 draws to a close, we look towards a new year that will continue the transformation of financial services, driven by technological innovation and regulatory change. The implementation of T+...
The financial services industry faces constant change, from rapid technological advances to new regulations and evolving customer expectations. For financial services companies to succeed today, they ...
Supporting criminal activity and risking substantial fines from regulators that also damage their reputation are not things any financial institution aspires to. Yet many are exposing themselves to su...
Subsequent to a joint discussion paper (3/22 – Operational resilience: Critical third parties to the UK financial sector) published in July 2022, the Bank of England (the Bank), Prudential Regulation...
Let’s start saying veterans like me haven’t been surprised that much reading the EPC bulletin on SEPA Migration to the 2019 version of ISO 20022, announcing the decision to postpone the go live. Peopl...
With almost half of UK adults having used BNPL, lenders face a key challenge: the varied data reporting practices among BNPL providers and CRAs. In this piece, we'll explore the rapidly growing BNPL ...
Alternative investment managers recognize the potential of AI and have spent 2023 experimenting with the multiple tools available. Unfortunately, while everyone has seen the power of ChatGPT and perso...
The recent paradigm shift towards a more regulated and trustworthy environment by the Securities and Exchange Commission (SEC) lays an important foundation for retail users and institutions to wholehe...
Francesco Fulcoli - Chief Compliance Officer and MLRO The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require the UK regulated sector to app...
Those of us in the financial crimes compliance profession look at the current fiasco with Binance’s recent money laundering guilty plea (among many other accusations) and ask ourselves “How could this...
July 1, 2025 marks the scheduled implementation date for the forthcoming regulatory adjustments. Since its launch in September 2017, the Office of the Superintendent of Financial Institutions (OSFI) h...