4368 Results from /regulation
Retired Member
Trust is one of the most valuable assets you and your business possess. Trust permits the free exchange of information and promotes an atmosphere of openness. As you build trust, with clients, with employees and with your community, you gain influence and your advice is heeded. Clients open up to you when they trust you and that provides you with u...
14 August 2013 /regulation
In my previous blog, I addressed the new requirements of the new directive of risk data aggregation and risk reporting from the Basel Committee. In many of the banks I meet, the risk function tends to still be seen as a compliance function rather than an active part of the portfolio management of the bank (it is certainly true in developing countr...
13 August 2013 /regulation Future Finance
We now have proof that hackers are targeting bank employees. Sadly, keyloggers, man-in-the-middle, and Trojans aren’t just for online banking customers anymore. The joint fraud alert from the FBI, FS-ISAC, and ICCC at the end of 2012 warns financial institutions that hackers are using spear phishing to take over internal employee accounts and send...
13 August 2013 /security /regulation
One of the issues that could have held back the adoption of Legal Entity Identifiers (LEIs) by market participants and regulators has been the question of “who runs the system?” LEIs are going to be as fundamental to identity management in the financial sector as passports and identity cards are to the world’s population. It shouldn’t be a surpr...
12 August 2013 /security /regulation
Data breaches tend to spotlight the malevolence of hackers and hacktivists but some of the most serious vulnerabilities continue to lie closer to home in how an organisation monitors and manages internal risk. Insider breaches are often perceived as exceptions rather than a common threat but should financial service providers reconsider this appro...
09 August 2013 /security /regulation
Brett King CEO & Founder at Moven
Recently I have been embroiled in an interesting debate on Finextra.com regarding the death of cash, or as some may classify it, the premature assassination of cash. Connected with this the threat of BitCoins have recently been extolled throughout the media with the intensity only normally afforded more existential threats such as terrorism or lar...
08 August 2013 /payments /regulation Innovation in Financial Services
Mexico CFDI PAC Strategies (Part 4 of 5) - Customers create Chaos It should not be forgotten in this discussion around government XML standards and compliance mandates that the purpose of an invoice (electronic or paper) is to get PAID. A few things that you need to be aware of concerning the distribution of the invoice, as it is not common for t...
08 August 2013 /regulation Electronic invoicing
Hans Tesselaar Executive Director at BIAN
Banks are currently spending 45% of their IT budget on updating channels. This is according to a new whitepaper from Sudhir Varadarajan of software service provider, Tech Mahindra. This equates to spending approximately 3-4% of overall bank revenues on updating branches, ATMs, customer service centres and multi-channel integration, as well as onli...
08 August 2013 /regulation
According to a report published by Technology Business Research last week, IT investment among North American banks is on the rise, with one of the main drivers for this being data management. This echoes findings of research SunGard recently conducted into risk management trends and priorities among more than 750 of our banking customers in 60 c...
Who would have thought that one of the key components of an electronic document would be a printer? Aren’t printers for paper and isn’t this a contradiction to an electronic invoice? In the case of Mexico, printing the invoice doesn’t refer to the one you send your customer. In this case, it is required to be on the truck in order for you to ship...
07 August 2013 /regulation Electronic invoicing
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.