4422 Results from /regulation
Paul Marcantonio Head of UK/Western Europe at Ecommpay
Buy Now, Pay Later is a rapidly growing trend in a number of market sectors, including retail, entertainment and travel. During the COVID-19 pandemic, use of the payment scheme increased fourfold in the UK, to the tune of £2.7 billion in transactions. In this article, I'll give a brief overview of how BNPL works and the industries where it’s most...
27 July 2022 /regulation BNPL
Hugo Chamberlain Chief Commercial Officer at smartKYC
When to use Enhanced Due Diligence Know Your Customer (KYC) screening can take many forms as a process and certainly as a technology solution in the ever expanding industry. At a minimum, companies have a requirement to check and verify an individual's identity by using document verification and/or biometric tools, which may suffice in terms of a ...
25 July 2022 /regulation /crime Artificial Intelligence and Financial Services
Ben O'Brien Managing Director at Jaywing
The Prudential Regulation Authority have taken another step towards implementing their vision of managing prudential risk for smaller financial institutions through the publication of CP 5/22, “The Strong and Simple Framework: a definition of a Simpler-regime Firm”. As the name suggests, this latest publication outlines the proposals for the defin...
25 July 2022 /regulation Banking Regulations
Ivan Aleksandrov CSO | Fintech Licensing, Core banking & BaaS at Advapay
Before applying for a Payment Institution (PI) or Electronic Money Instituion (EMI) licence, you should earnestly assess your chances by taking a look at your company through the eyes of the regulator. If you think you might not yet be ready to apply, take care to fix the flaws, instead of waiting for the regulator to point them out to you. In ad...
21 July 2022 /regulation /startups Fintech
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
You never get a second chance to make a great first impression and since onboarding a new client is your first main contact between your company and your new client, the experience should not be confusing or frustrating. The onboarding experience is often viewed as the foundation for what dealing with your company will be like, so having a trustwo...
21 July 2022 /regulation /retail RegTech
Nick Green Director at Purple Patch Broking Ltd
Credit and procurement teams are now facing a huge number of pressures when it comes to delivering the best customer service while cutting costs internally at the same time. The rising costs of utilities and fuel combined with low interest rates and unsustainable cost-income ratios means that organisations need to look to cut costs without comprom...
21 July 2022 /regulation /retail Financial Supply Chain
Frank Cummings CEO at AML Partners LLC
Environmental and Social Governance may force different decision-making in ethical gray areas of revenue streams Unlike Governance, Risk and Compliance (GRC), Environmental and Social Governance (ESG) prioritizes informing the public on how corporations handle their environmental and social obligations. Regulatory reporting remains a feature o
20 July 2022 /regulation RegTech
Katie Hunter Senior Marketing Manager at Aveni
Speech analytics has been commonly used for a number of years, evolving from a novelty add-on to a powerful solution for businesses to improve their processes. With the Financial Conduct Authority’s Consumer Duty of Care proposal, speech analytics has gone from being a nice-to-have to a necessity that firms must adopt to meet requirements or risk ...
20 July 2022 /regulation /startups RegTech
Retired Member
Financial institutions are well aware of the importance of transparency around risk. They need to be ready at any moment to respond speedily to regulatory requests, able to demonstrate at the press of a button their operational resilience from a capital adequacy point of view. It is becoming increasingly desirable that they should be able to repli...
19 July 2022 /regulation Fintech
Timo Lehes Co-founder at Swarm
Regulators across the globe have been stepping up their anonucements around crypto. These developments are set in a conext of a recent liquidity cascade in crypto markets that prompted many crypto lenders and funds to freeze clients' ability to withdraw their assets. I look at three key news items in crypto regulation that emerged this week: Regul...
18 July 2022 /regulation /crypto Decentralized Finance (DeFi)
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