242 Results from 2022, /regulation
Retired Member
Estimated reading time: 4 minutes In May 2021, the FCA published a consultation paper (CP21/13) on a “New Consumer Duty” in an attempt to stop consumers from being provided with misleading information, being provided with unsatisfactory support or buying products that are inappropriate or harmful. In its initial consultation, the FCA highlighted: ...
24 January 2022 /regulation /retail Banking Regulations
Vaibhav Grover Head-Global BFS Offerings & Capability at Sutherland
This article is co-authored by Vaibhav Dubey, Priyanka Mishra, Suresh Thevar & Vaibhav Grover Banking continues to be in the forefront of driving digital and process transformation. Many banks are on a transformation journey when it comes to core banking or back-office operations. These journeys are initially focused on cost reduction, making e...
21 January 2022 /regulation /retail Financial Risk Management
Carolyn Kostelny
While 2021 wasn’t the busiest of years in terms of regulatory reporting go-live implementation, important developments did take shape. Among the more important of these developments was the publication of a series of consultation papers and updates to regulatory and/or industry technical specifications, including ESMA’s draft guidelines for report...
20 January 2022 /regulation /predictions Banking Regulations
Nick Green Director at Purple Patch Broking Ltd
With the number of online purchases using BNPL services growing at a rate of 39% per year, more and more lenders are starting to become concerned with high BNPL usage, and how that data will be included within risk models and scores. Against this backdrop, and with The Treasury set to close its consultation on the FCA’s regulation of the buy now pa...
18 January 2022 /regulation /retail BNPL
Ankur Rawat Director – Banking Products and Solutions at Newgen Software
by Ankur Rawat, Director of Banking Products and Solutions at Newgen It is no secret that trust is one of the pillars of customer relationships for organizations. But, how critical is it? According to a recent Deloitte Digital survey[1], while rational factors play a key role at the beginning and end of relationships, it is the emotional factors t...
18 January 2022 /regulation /devops Banking Architecture
Will Marwick CEO at IFX Payments
2021 was the year of recovery and opportunity for many, following months of disruption caused by the pandemic. But whilst many industries have struggled to bounce back from the disruption, many Fintechs have managed to thrive in a somewhat hostile economic climate as a result of innovation, digital disruption, lucrative funding and a vision for ho...
17 January 2022 /payments /regulation
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
Any compliance officer will tell you that financial safety is the first benefit associated with regulatory compliance. Compliance officers are requested to issue reports to ensure they’re complying with the industry standards, laws, rules, and regulations set by government agencies and regulatory bodies, no matter the industry or company size. It ...
11 January 2022 /regulation /crime Operational Risk Management
Harriet Christie Chief Operating Officer at Mirrorweb
On July 22nd, FINRA CEO Robert Cook revealed that a sweep related to financial services influencers ‘is coming’. It eventually arrived in September, hot on the heels of the SEC requesting comment on the ‘digital engagement practices’ used by investment advisers and broker-dealers. The SEC was most interested in how tools are used that appeal to in...
07 January 2022 /regulation /people Trends in Financial Services
Customers are at the centre of any business, yet very few firms truly understand who their customers are. It is known that one of the biggest challenges in this industry is the ability to identify the uniqueness of human beings, therefore having the lack of a Single Customer View (SCV) within your database. Without a SCV and real-time insights, or...
07 January 2022 /regulation /crime Operational Risk Management
2021 has been a year of two halves – the first we were all dealing with life under lockdown. And the second half, supercharged with the vaccine programme, has seen life trying to get back to normal. But whatever the conditions, financial criminals have carried on regardless, capitalising on pandemic conditions and our increasing reliance on techno...
06 January 2022 /regulation /crime Financial Transformation
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