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The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept h...
Offshore banking has always carried an air of subversion about it, but following the release of the Panama Papers in 2016 the industry was catapulted into an entirely new and highly critical light. Si...
With the phenomenal growth in innovative fintech tools this year, financial marketers are expected to meet and fulfill every customer need and want. They are increasingly faced with the task of engagi...
1. Collection of data in its original form Frequent modifications on the original source data makes it difficult for marketers to pre-determine the use of data for their marketing strategies. So it is...
The European Commission is required to review MiFID 2 by March 2020. The German Finance Ministry kicked things off at the beginning of this year by inviting comments from the industry. Attending the ...
What does it mean to extend the bank? Traditionally, banks have manufactured, distributed and managed all of their own products and services. The concept of extend describes how this traditional model...
Banks struggle to balance two imperatives: to open their systems to external partners and clients via application programming interfaces (APIs) and to control the user interaction. In order to maintai...
Expanding roles in wholesale banking have created a push for improvements in service of large-scale corporate customers. From the current states of function, wholesale banking will undergo a restructu...
The saying goes, “If it ain’t broke, don’t fix it.” However, in the culture of today’s business market, the saying should be adapted to say, “If the existing risk management program is working, still ...
For the first time in many years SWIFT’s MT Standards Release for 2018 (SR2018) incorporated a number of significant changes for banks’ trade finance operations. For many banks it presented a real te...
MiFID has achieved the rare feat of becoming a genericized trademark. In the same way that Xerox stands for copy machines in general, MiFID has turned into a synonym for all financial markets’ regulat...