4464 Results from /regulation
Robert Houghton Founder at Insightful Technology
The recent raids by French prosecutors that targeted the Paris offices of five major banks including HSBC and BNP Paribas on suspicion of fiscal fraud is a serious matter, and it’s one that should not be taken lightly. If the authorities have evidence that a bank or its employees have committed a crime, then they should absolutely investigate and h...
19 April 2023 /regulation /crime Banking Regulations
Pierre-Antoine Dusoulier Founder and CEO at iBanFirst
A quiet revolution is taking place and it’s radically changing the banking landscape. The payment industry has undergone a historic shift across Europe. While handling payments has long been associated with the banking profession, today it is rapidly becoming a specialised expertise. And the market is huge. According to a McKinsey survey, the glob...
18 April 2023 /payments /regulation
Nick Green Director at Purple Patch Broking Ltd
When it comes to reducing data bureau pricing, what matters most isn’t what you paid last year, but how you can get the best price for the highest quality data and scores. We have worked with hundreds of organisations across a huge swath of the credit industry, helping them do just that. Over time, we’ve learned to recognise a number of important l...
18 April 2023 /regulation /retail Banking
Retired Member
Yes.. I am talking about the AI applications - our myriad AI applications and upcoming ones whispering to humans about what to do…. how to do it…but not about the whisperers who interact with the AI chatbots. According to IDC predictions, the global AI market could reach over $500 billion by 2024 – a more than 50% increase
14 April 2023 /security /regulation Artificial Intelligence and Financial Services
John Bevil Product Director, Capital Markets at Xceptor
Efficient and accurate reconciliations are critical for ensuring data consistency, enhancing client satisfaction, and reducing operational risks, primarily where multiple copies of the same trade data are held across financial institutions and their customers. Within the financial service industry, large-scale reconciliations platforms competently ...
13 April 2023 /regulation Data Management and Governance
Steve Morgan Banking Industry Market Lead at Pegasystems
While Ukrainian war sanctions have dominated the debate about how banks should tighten KYC-systems, there is a parallel major overhaul of the European Anti-Money Laundering and Combating of Financing Terrorist (AML/CFT) rules underway in 2023. This further adds to the strain on the compliance systems of financial institutions operating across Euro...
13 April 2023 /payments /regulation Banking Regulations
Ravishankar Poonjolai Consulting Partner at TCS
The Consumer Duty regulation sets higher and more defined standards of consumer protection across UK financial services sectors and requires FCA (Financial Conduct Authority) regulated firms to put their retail market customers’ needs first. This affects financial service providers such as banks, building societies, insurance, life & pension f...
13 April 2023 /regulation /wealth Banking Regulations
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The Fundamental Review of the Trading Book (FRTB) was introduced into the prudential framework of the EU by Capital Requirements Regulation (CRR 2) as a regulatory reporting requirement in 2020. The final draft Implementing Technical Standards (ITS) on the FRTB reporting requirements went into force in 2021 as part of version 3.1 of the EBA report...
09 April 2023 /regulation /wholesale Banking Regulations
Chris Principe CEO at APB, Inc.
The dream of bitcoin is not just about fulfilling the fantasies you have in your brain when shutting your eyes. The reality of bitcoin is about not giving up on that dream. That means doing the work necessary to make the promises of bitcoin come true. That means keeping pushing until the bitcoin dream become a truth. The time is now to wake up and...
06 April 2023 /regulation /retail E-commerce
Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug ga...
06 April 2023 /regulation /crime
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