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Trade-based money laundering (TBML) poses significant risks to the global financial system, requiring robust regulatory frameworks and international standards to combat this illicit activity. Complian...
Data has become an essential driver for new monetisation initiatives in the fintech industry. Vast amounts of data are collected from customers, transactions, and market movements, among other sources...
The term Banking-as-a-Service (BaaS) has shot to prominence in recent years, but there is no single definition of a BaaS provider - some providers are strictly IT specialists, others hold licences lim...
Financial institutions protect the financial system and play a critical role in preventing money laundering, including the tough challenge of trade-based money laundering (TBML). In TBML, criminals ex...
We all rely on the world that regulation creates – yet we groan at the mere mention of the dreaded ‘red tape’. With each new evolution in payments regulations, like the introduction of PSD2, we see ...
NatWest in UK last week announced that it is ditching its BNPL products and many experts not are attributing this due to the over crowded market and banks may gradually become less interested in thes
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the “regulato...
Coreless banking represents a groundbreaking paradigm shift in the world of banking, aiming to revolutionize how financial institutions operate. In a nutshell, it is about embracing a system that giv...
The Baltic States—Estonia, Latvia, and Lithuania—are appealing to numerous Payment Initiation Service (PIS) providers because they serve as an entry point to the entire Single Euro Payments Area (SEPA...
Hong Kong has a well-established playbook of why it’s a leading international finance centre. We have competitive and low tax structures, free flow of capital, access to the Greater Bay Area (GBA), f