278 Results from 2023, /regulation
Pulkit Giria Functional Consultant at Tata Consultancy Services
Today, financial services marketers are facing great challenges with recent laws and increased customer sensitivity around data privacy while communicating with their customers across channels. Any communication that can identify an individual can be shared only if there is explicit consent from the person and effective security controls. It is ve...
28 March 2023 /security /regulation Marketing in Financial Services
Retired Member
As the first quarter of 2023 draws to a close, Financial Services Institutions (FSIs) are one step closer to needing to demonstrate compliance with the Financial Conduct Authority’s (FCA) Consumer Duty. Coming into force for most FSIs on 31 July 2023 (or 30 April for manufacturers and investment businesses that produce, issue, design or build fina...
27 March 2023 /regulation /retail Financial Services Regulation
John Bertrand MD at Tec 8 Limited
The ACT Cash Management conference held in London last week was a well attended, outstanding event covering many issues facing the Corporate Treasures, banks and our selves in these uncertain times. What was clear, real time information and transactions are now a strong driver in business. The arrival of the New Payment Architecture (NPA) in the U...
27 March 2023 /payments /regulation Treasury Management
Nevan McBride Risk Practice Director at Jaywing Risk
The final rules and guidance for a new Consumer Duty, published by the FCA in a policy statement in July 2022, set higher and clearer standards of consumer protection across financial services, and requires firms to put their customers’ needs first. The rules require firms to consider the needs, characteristics and objectives of their customers – ...
27 March 2023 /regulation Banking Regulations
Last Feremenga Director of Applied AI Research at Saifr
Last November ChatGPT, a chatbot developed by the research lab OpenAI, reached the million-subscriber mark just a week after its launch. I could not resist the allure and signed up. When I asked the bot to write a blog for a company executive on the future of crypto markets, I was impressed with the results. The response recognized current specula...
24 March 2023 /regulation /markets Artificial Intelligence and Financial Services
Vall Hèrard CEO and Co-founder at Saifr™
In a global report issued by S&P, 95% of enterprises across various industries said that Artificial Intelligence (AI) adoption is an important part of their digital transformation journey. We’re seeing expanded interest in the adoption of AI for many reasons, including lowering costs, increasing sales, and improving worker productivity. At the...
Nick Green Director at Purple Patch Broking Ltd
In recent years, financial institutions have increased their adoption of data and new technologies to manage credit portfolios. In fact, McKinsey’s recent survey of financial institutions says there is significant progress in using new data and techniques for credit portfolio management. But it also shines a spotlight on the challenges that remai...
23 March 2023 /regulation /retail Financial Risk Management
It’s been a topic of discussion lately whether banks are conducting adequate stress tests on their liquidity, particularly when it comes to intraday liquidity. Many banks see these tests as a regulatory obligation rather than a crucial aspect of their risk management framework. Typically, these tests involve pre-defined scenarios that are inflexib...
23 March 2023 /regulation /wholesale Treasury Management
Simon Kent Global Head of Financial Services at Kearney
After the confidence crisis caused by the failures of Silicon Valley Bank (SVB) and then, stunningly, Credit Suisse this month, one key change for UK banking may have flown somewhat under the radar. At the very end of February, the Prudential Regulatory Authority (PRA) announced a new consultation paper: CP5/23 – Remuneration: Enhancing proportion...
22 March 2023 /regulation /retail Banking
Keeping up with regulations is one of the toughest challenges facing the financial service sector. That’s why the FCA is prioritising data and innovation as a key feature of its Business Plan 2022/23, accompanied by its three-year strategy 2022-2025. Emerging themes include data quality, CRA transparency, Big Tech, and data for BNPL firms. If you...
21 March 2023 /regulation /retail Financial Services Regulation
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