25 Results from 2015, /sibos
Retired Member
KYC processes aren’t a competitive differentiator but they are critical processes. However firms are rapidly coming to the conclusion that KYC processes aren’t best done bilaterally. This shift is liberating for organisations seeking a better way. There are a multitude of challenges to streamlining KYC. Firstly, firms have traditionally allocated m...
14 September 2015 /regulation /sibos
Paul Miserez Standards Department at SWIFT
We at SWIFT would like to hear about your ISO 20022 plans, experiences and questions. Starting today and leading up to Sibos, we will launch a series of weekly blogs on Finextra called "Making ISO 20022 work for you", each focusing on a specific ISO 20022 business case and implementation aspect. All blogs will end with an open-ended ques...
01 September 2015 /regulation /sibos Standards Forum
Let us remind ourselves of the reasons why people and organizations want to standardize complex and costly processes. It is to reduce cost. That is exactly where standards can be a catalyst and the standards forum a voice. From 12 till 15 October 2015, a legion of standards enthusiasts representing banks, analysts, regulators, vendors and academic...
18 August 2015 /regulation /sibos Standards Forum
Hong Kong regulators are taking the lead and cracking down on compliance. Last week its Securities and Futures Commission revealed inadequate KYC procedures within banks for onboarding. The HKMA is also calling on banks to up the ante on money laundering checks for tax reporting. Regulatory expectations and standards continue to increase not just ...
15 June 2015 /regulation /sibos
Mike Davies Vice President EMEA North at GMC Software Technology Limited
I often think making exact predictions on what will happen in a year’s time is a fool’s game. What can be a useful exercise though is to look at the trends of 2014 and see where these might be headed. For the UK retail banking sector in particular there have been some significant movements over the past year, which look to shape an interesting 201...
07 January 2015 /sibos
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