1148 Results from 2018
Retired Member
The UN calls time on Libyan human traffickers Last Thursday, six men were sanctioned by the UN for running a prolific human trafficking network in Libya. The sanctions are remarkable because they are the first ever issued by the UN on the grounds of human rights violations. The international community has been under increased pressure to do more t...
15 June 2018
A recent FT article – ‘AI in banking, the reality behind the hype’ – discussed the potential of AI to revolutionise banking. But beyond the use of chatbots to automate customer interactions and machine-learning to monitor customer behaviour patterns in the fight against fraud, is there an opportunity to deploy AI in payments assurance testing ?
India and Pakistan both make the top five countries for value of remittances received every year. According to the World Bank, Pakistan receives $19.3bn, while India tops the list at $72bn. With the largest number of residents living abroad, India looks set to remain at the top of the list for some time to come as family members continue to send m...
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
A lot of chatbot projects in regulated sectors, especially financial services, have reached the realisation that Natural Language Processing (NLP) has severe limitations compared to the unabated hype. NLP is powered by machine learning. Let’s call it a more realistic name. Machine-controlled learning. There are several suitable conversational a...
15 June 2018 /ai Futuristic Banking
Ivy Schmerken Editorial Director at FlexTrade Systems
Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market. Citing a rapid increase in the number of signatories from every corner of the foreign exchange markets, the Foreign Exchange Professionals Associa...
14 June 2018 /regulation Financial Services Regulation
The task of integrating a Project Management Office (PMO) in an agile environment could prove difficult, but if done with thorough research and implementation, it can substantially improve efficiency in project execution and production, lowering costs and reducing risks for the organization. Getting Buy-In In order to do this, there first has to b...
14 June 2018 /wholesale Transaction Banking
Anne Leslie-Bini CEO at Pikcio RegTech
There is a whole bunch of really smart people in FinTech of which Leda Glyptis, Chris Skinner, Sam Maule and all the other gals and guys at 11:FS are just a few. While each has a mind of their own, what they do have in common is a deep-seated conviction that the banking industry isn’t doing a terribly good job of transforming itself and that t...
14 June 2018 /security /regulation Information Security
As a CTO I have been awed by the multiple options for the business application of new technologies. I always put myself in the place of our customers and understand why there are so many organisations grappling with the power of the Blockchain and Artificial Intelligence (AI) and how to make them real. From my days working at a large financial com...
14 June 2018 /ai Capital Markets Technology
With the 2018 World Cup upon us, let’s talk about account opening in football terms. After all, England manager, Gareth Southgate, insists the England squad has no limits and with new margin rules in 2019/2020 meaning a massive increase in account opening volumes, Team Account Opening will need a motivational manager. Southgate is encouraging his...
14 June 2018 Fintech
It stands to reason that 27% of my blogs at finextra are about core systems, only 5.6% are about payments, even though payments is relatively new, but core is 50+ yrs old. Core is the whole enchilada, payments is just one bite. The good news is computer security ranked higher than payments at 6.2%, even though my last sentence said, "You'...
13 June 2018 /payments
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