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Aviel Erdis

Will catching APP fraud be enough for banks?

A thought on the PSR’s recent statement on APP reimbursement policy: Under the Consumer Standard of Caution, “consumers should have regard to interventions made by their sending PSP […] those interve...

09 Jan 2024
Banking Strategy, Digital and Transformation
Steve Marshall

FinCEN’s Beneficial Ownership Information Rule is Coming…But Questions Still Remain

Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit f...

04 Jan 2024
RegTech
Steve Wilcockson

Three GenAI Terms Financial Practitioners Learnt in 2023

2023 was a troublesome year for many on our planet – wars, violence, population displacement, catastrophes, extremism, higher costs of living and poverty. Folks working in our industry were comparativ...

03 Jan 2024
Artificial Intelligence and Financial Services
Raktim Singh

Why Do We Need Strong Resilient Financial System

Resilience is a process and an outcome of effectively adjusting to life's challenges and adversities, specifically through the exhibition of mental, emotional, and behavioral flexibility, as well as t...

02 Jan 2024
Financial Risk Management
Kiran Komma

SEC final rules on US Treasury Central Clearing

On December 13, 2023, SEC adopted the final rules for enhancing the risk management practices for central clearing in the US treasury market and facilitate additional clearing of US treasury securitie...

28 Dec 2023
Abhinav Paliwal

For Merchants, How Does Buy Now, Pay Later Work?

PayNet emerges as a pioneer in the rapidly expanding financial technology industry with its cutting-edge Neo Banking Software Platform. The Buy Now Pay Later (BNPL) platform stands out as a game chang...

27 Dec 2023
Finextra site news
John Bertrand

Reimbursement of APP Scams: Boost for consumers/SMEs

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (Pay.UK) to insert APP scam reimbursement into Faster Payments. The timetable as follows: Action Fina...

21 Dec 2023
Banking Strategy, Digital and Transformation
Robert Houghton

Top four compliance trends to watch in 2024

As financial institutions gear up for the next 12 months, it’s time to reflect on the key trends and developments, considering how they’ll shape the year ahead. While the financial landscape is consta...

21 Dec 2023
Financial Services Regulation
Scott Holman

EU DORA: A new opportunity for Site Reliability Engineers

The EU Digital Operational Resilience Act (DORA) is a new regulation that aims to strengthen the resilience of the financial sector to information and computer technology (ICT) related risks. It appli...

20 Dec 2023
Steven Cox

Embracing a new ally: AI adoption for the accountant of tomorrow

In every industry, technological advancements play a significant role in shaping the way businesses operate, and accountancy is no exception. With the integration of Artificial Intelligence (AI) and

18 Dec 2023
Artificial Intelligence
Roberto Garavaglia

The silent revolution of fees, but what fees?

From Canada and the United States to the United Kingdom, a wave of changes in the Interchange Fees for Visa and Mastercard card payments promises to rewrite the rules of the game. But what exactly are...

18 Dec 2023
Thorsten Hein

Refresh, Rewire and Remodel: How AI will help insurers survive and thrive in 2024

As 2023 draws to a close, the insurance industry faces a landscape rich with possibilities and fraught with potential failure. Insurers are faced with having to answer the existential threat of climat...

18 Dec 2023
Artificial Intelligence and Financial Services

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