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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

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Expert opinions

Rajendra Janvalekar

Rajendra Janvalekar Consultant at TCS

Navigating Recent US Regulations: Impacts on Business Records Management in Banking

The US banking sector has witnessed significant regulatory changes in recent years, compelling banks to rethink their approach to business records management. These regulations aim to enhance compliance, improve operational efficiency, and safeguard sensitive information. This article explores the purpose of these regulations, their focus areas, a...

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Raj Bakhru

Raj Bakhru CEO at BlueFlame AI

2025 Will Be the Year of AI Adoption in Private Equity: 10 Ways to Prepare

Although generative AI (Gen AI) adoption rates surged across most industries in 2024, the financial services sector was slower to follow. However, 2025 is shaping up to be a pivotal year for AI adoption in private equity (PE). According to a recent BlueFlame AI webinar poll, 51% of alternative investment managers are currently in the discovery ph...

/ai /regulation

Robin Southall

Robin Southall Director of Customer Engagement at Lakeside Software

Future-proofing finance: building a Proactive IT organisation for resilient operations

Building IT resilience is a non-negotiable priority for the financial sector, especially with regulations such as the DORA (Digital Operational Resilience Act) that require institutions to withstand, recover from, and adapt to operational disruptions while maintaining service continuity. In today’s AI-driven digital landscape, increasing cyber thr...

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Rajendra Janvalekar

Rajendra Janvalekar Consultant at TCS

Loan Records Management Under US Regulations

In the intricate landscape of managing loan records, banks are required to navigate a variety of US regulations to ensure compliance, security, and efficiency in handling data. These regulations lay down stringent guidelines for maintaining loan records, particularly in the areas of billing, fees, payments, and collections. Below is an overview

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Francesco Fulcoli

Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone

FCA Consumer Duty Publications Summary (December 2024)

The FCA has been at the forefront of implementing the Consumer Duty, a significant shift in regulatory focus aimed at ensuring better outcomes for consumers across the financial services sector. With the framework now fully in force for open and closed products, the FCA has released a series of key publications to guide firms in their journey of e...

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Research

Impact Study

Catering to a new generation through unified card programmes

How Gen Z is changing the payments landscape, why operational costs are soaring, and how a unified card programme can help financial institutions to unlock a competitive advantage and drive growth. Globalisation continues to shape the market as money moves between banks, businesses and even countries quicker and in higher numbers than ever before. Both debit and credit cards remain vital in today’s payment experience but changing consumer demands and the surging popularity of neobanks leave traditional banks fighting for top-of-wallet status.  On one hand, traditional banks are battling surging operational costs. From a functionality point of view, the world is getting smaller. Today, there is not much perceived difference to the consumer between debit cards, credit cards, and prepaid cards. Yet behind the scenes, many banks run each of these products in different platforms and set-ups, each racking up its own costs.  Add to this mix services like personal loans/buy now, pay later (BNPL) schemes and increasing regulatory demands, you have created the perfect storm: Having to bolt on a new, disparate system every time the services are extended – which costs time, money, and adds high regulatory burden.  On the other hand, the consumer expectations of a new generations are shaping the market. Gen Z’s preference for digital, seamless payment methods is changing the financial landscape and traditional banks need to adapt their service offerings in order to match these new demands.  This impact study, produced in association with FIS, explores:  Increasing cost pressures: Why operational costs are soaring  How a new generation is shaping the payments landscape  Tackling change: The benefits of a unified card programme  Case studies: A practical approach to change    Watch the on-demand Finextra webinar with FIS - Unifying card programmes: The cost-reduction imperative  

116 downloads

Event Report

Sustainable Finance Live – Natural Capital Finance

A Record from the Sustainable Finance Live Conference and Hackathon 2024  On 8 October 2024, Finextra Research and ResponsibleRisk held the annual Sustainable Finance Live hybrid conference and hackathon, in partnership with NayaOne.  The conference took place at Events@ No6 in London, and started off with a welcome from founder of ResponsibleRisk and contributing editor for Finextra, Richard Peers. Peers opened with an introduction outlining the themes and objectives of this year’s event: to understand natural capital risk, pricing, and trade.  The focus areas of the conference were natural capital, agriculture, supply chains, as well as regulation and reporting. The sessions also highlighted highlighting new technologies that are being used to collect nature-related data such as Earth observation and satellite reporting.  Richard Peers, contributing editor at Finextra and founder of ResponsibleRisk, moderated the conference: “What we wanted to do is to put on an event aimed at explaining the landscape of a natural capital transaction, with the associated data providers identified along the way. Ending the process in an asset management trading platform, taking into consideration all the steps that a regulated entity has to undertake, to prove to the financial industry that this can be an asset class, that is as tradable as any other.”  Download a Visual Record of the event below to discover key themes of the event’s panels, keynotes, and hackathon. We cover:  Natural capital trading from field to trade;  How nature financing can be achieved;  The role of data, economic profit, and policy for natural capital;  How to build a sustainable ecosystem using natural value;  Visions and results from the hackathon;  And more. 

106 downloads

Impact Study

2024 Fraud Trends in Banking, Insurance, and Beyond

How generative AI is boosting fraud protection in an increasingly complex environment. As technology progresses, so do the capabilities of institutions to secure data and systems. Over 2024, the fraud landscape has been complex, and organisations must push the boundaries of innovation while maintaining a high security bar as the availability and democratisation of AI increases as we're going into 2025. The tidal wave of incoming regulation in the financial sector is an aspect that will help banking and insurance companies to safeguard their customers and data in the best way possible. Yet regulation alone does not address fraud – it’s up to individual organisations to leverage the potential of technology, and review their solutions, processes, and thus ensure compliance and safety. As fraud and regulation increase in the space, technology is one of the key factors that will help banks and insurance companies to address these increased fraud risks. Generative AI enables organisations to deliver hyper-personalised customer experiences, and combining these capabilities with carrier network insights can not only help them significantly reduce authentication fraud, but also ensure regulatory compliance. This impact study, produced in association with AWS and Vonage, examines the current fraud landscape across financial services, banking, and insurance, highlighting how generative AI and network APIs can help prevent fraud while enhancing the customer experience. Explore: Fraud trends in 2024 The impact of regulation Why data is the new gold How organisations can innovate with generative AI Best practices

361 downloads

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FinextraTV

How Geoengineering Guides Research, Funding and Policy

In this PREDICT 2025 USA interview, Lisa Graumlich, American climatologist and President of the AGU, explores how there is a need for an ethical framework or code of conduct into research on climate interventions amid global emissions increasing and uncertainty in meeting the Paris Agreement’s goals. With a growing interest in geoengineering research to mitigate the risks associated with global warming, the conversation goes on to dive deep into why experiments and deployments are attracting interesting in the US and why implementing a globally recognised set of ethical principles, not just for scientists, but for private funders too, can lead to policies moving forward.

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Long reads

Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

Mind the fintech gap: Regulatory deadlines in 2025

What regulatory deadlines are coming up in 2025? The financial services sector is facing a significant number of regulatory and standard updates, so Finextra has collated an overview of significant deadlines that are coming up this year. January EU – DORA will apply from 17 January The EU’s highly anticipated Digital Operational Resilience Act (DOR...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

How to comply with ISO 20022

The deadline for ISO 20022 – the new standard for electronic data interchange between financial institutions – is November 2025. Once fully implemented, ISO 20022 will be a game-changer for the global payments space; instilling enhanced interoperability, streamlined processing times, richer data, increased accuracy, lower maintenance costs, and e...

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

The fintech sentiment: Are banks ready for DORA?

The EU Digital Operational Resilience Act (DORA) is intended to make the financial sector more secure, with the objective of bringing stability to the market and implementing ICT security and fraud measures. DORA will be fully applicable to financial institutions and IT service providers in the EU on 17 January 2025, after two years of preparation...