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The UK is a very demanding market for everybody. Including FinTech, which must operate similarly to regular banking institutions. Both legal and technological requirements are there to protect custom
It seems hard to believe that it was only 10 years ago that the FSA, as it was known back then, removed the mobile phone taping exemption from the call recording rules introduced in March 2009 with C
Legislators come and go, but some things stick around, despite the best attempts to make a change. Enter center stage Sen. Elizabeth Warren and colleagues—as well as a few academics in the likes of Ro...
Passports provide a licence to travel while also providing security – an established international recognition of proving identity and accompanying a ticket to ride. Passports have also come back into...
For years, financial institutions have been using automated monitoring procedures to make their processes for detecting money laundering and terrorist financing as effective and efficient as possible....
Think of an athlete attempting to beat a ‘personal best’, or someone scaling a mountain. Both are individual challenges. In the business world, we’re now used to hearing about another type of challeng...
As expected, it’s been a slow third quarter for changes to foreign direct investment (FDI). Following on from my last update, we’ll start in the AsiaPac region and move westward. Australia has been e...
In recent years, anti-money laundering (AML) has become an increasingly sophisticated criminal activity. It’s estimated that between 2% and 5% of global GDP is laundered each year, and identity theft ...
Portability is a key capability for fintech’s in future, as it enables the customer to switch over / transfer his account, from one Financial provider to another. This can be for various reasons, like...
Midsized financial institutions must pay close attention to anti-money laundering Midsized financial institutions (with $1 billion - $10 billion in assets) play an essential role in our financial syst...
Amid broader digital transformation trends, many service providers have re-imagined their value proposition to take advantage of new technologies. The compliance consulting space is no different. The ...
UKFinance1 announces a saving of £32million in fraud in the first half of 2021 with bank branches, building societies and Post Offices working with the police through the Banking Protocol rapid respon...