4423 Results from /regulation
Obirije Ndubuisi CTO at Afriex
Unstoppable Rise of Stablecoins in the Remittance Landscape The global remittance industry, a financial lifeline for millions of people around the world, is undergoing a seismic shift. Traditional remittance channels, on their part, have reached saturation and are plugging along with unnecessary high fees, snail-like speeds, and restrictive access...
09 October 2024 /regulation /crypto Cryptocurrency Insights
Rajat Deshpande CEO and Co- founder at FinBox
Remember the “good” old days when one needed to furnish copies of bank statements to avail financial services? It’s safe to say we’ve come a long way since then – for the most part, at least. Today, getting aboard a financial service platform takes mere minutes and fewer documents, if any. As for bank statements, the account aggregator (AA) framew...
07 October 2024 /regulation /inclusion Banking and Lending Solutions
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The FCA has released a detailed report on the Price and Value Outcome as part of its ongoing Consumer Duty framework. This update provides crucial insights into how firms can ensure they deliver fair value to their customers and highlights examples of both good and poor practices across the financial services sector. Below are some of the most im...
07 October 2024 /regulation /inclusion Fintech
Anna Antimiichuk Head of Communications, PhD at Corlytics
With only three months remaining until the implementation date, AFME brings to the light DORA-readiness after the transition period The implementation of DORA – the Digital Operational Resilience Act that’s looming on the horizon – is being viewed as a significant operational uplift by all market participants, one of the AFME's panel discussio
02 October 2024 /regulation /markets Banking Regulations
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
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
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