211 Results from 2021, /regulation
Beth Benedict SVP of Client Services at Rakuten Advertising
Consumer finance is an extremely competitive space. Banks, lenders and credit card providers are battling against one another to win over new and existing customers with tailored reward incentives, flexible spending limits, low APR, etc. In order to succeed, financial institutions turn to data-driven marketing tactics to get in front of consumers ...
03 September 2021 /regulation /retail Marketing in Financial Services
Alex Ford President, North America and Chief Revenue Officer at Encompass | RegTech Association | Women in RegTech
Perpetual KYC or pKYC is an emerging concept in financial crime compliance. It has generated great interest and accelerated digital-first approaches because of the cost and risk benefits on offer if firms can maintain KYC profiles dynamically as new information becomes available. Today KYC is typically undertaken on 1, 3, and 5 year cycles which c...
02 September 2021 /regulation /crime Banking Strategy, Digital and Transformation
Retired Member
Introduction The eager and rapid adoption of artificial intelligence (A.I.) by financial institutions (F.I.s) may surprise those outside this otherwise cautious industry. However, the industry consensus is clear that intelligent technologies such as A.I. are major factors in the race to differentiate and establish market share. For example, a surv...
01 September 2021 /regulation /crime Innovation in Financial Services
Vladimir Ershov Head of Data Science & Machine Learning at Clausematch
Keeping track of changing regulations is one of the biggest challenges regulated firms face today. Whether it’s the banking industry, the insurance industry, or the legal industry, it’s not easy for businesses to keep up with the vast number of changes in the regulatory space. Monitoring the constant changes can quickly become a burden for an org
31 August 2021 /regulation Artificial Intelligence and Financial Services
Aha, it seems I have your attention. But don't you agree? For most people, privacy and cybersecurity are just boring topics. Even scary, with all the fearmongering and hoodie-pictures being used to represent cybercrime. Customer centricity and outcome-driven messaging clearly hasn't reached the majority of the cybersecurity world yet. People aren't...
25 August 2021 /security /regulation
Shagun Varshney Senior Product Manager at Signifyd
Much has been made about how the secret to successful strong customer authentication (SCA) is in the details — the exemptions, the exclusions, the version of 3DS in play. But one other detail, one vital to maintaining magnificent customer experience can’t be overlooked: the importance of delegated authentication. Simply put, operating your ecommer...
24 August 2021 /payments /regulation Frictionless Payments
As the UK and EU diverge, the FCA is taking the opportunity to adopt a more assertive role in shaping a more liberal regulatory environment. Throughout the Brexit process, FCA steered a resolutely bureaucratic line. Nevertheless, it has been left picking up the pieces as it prepared to adapt financial regulation to an uncertain post-Brexit future...
24 August 2021 /regulation
Anne Plested Regulation at ION Markets
As part of the ongoing wider review of MiFID II, ESMA is consulting on the rules around transparency. The consultation focuses on technical issues relating to post-trade data, among other things. In its recommendations, the European regulator revisits the groundworks to adjust the foundations for any future consolidated tape (CT). After the heavy ...
20 August 2021 /regulation /markets
Joe Biden’s executive order on cybersecurity should be seen as a template for all companies to follow. The SolarWinds and Colonial Pipeline cybersecurity breaches demonstrated to President Biden that cybercrime is an issue of national security. His response shows the way forward not just for governments but the entire private sector. Biden’s exec...
20 August 2021 /regulation
Konstantin Rabin Head of Marketing at Kontomatik
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year. According to data provided by UK Finance, the banking industry organization, there was a 5% yearly increase in money lost to “authorized fraud,” which occurs when clients...
19 August 2021 /regulation /crime
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