Retired Member
There is a dual movement spurring on the adoption of identity security in the financial services sector. Organisations are being ‘pushed’ by the growing threat of cyber-attacks to rethink and reinforce their security approach. At the same time, they are also being ‘pulled’ by the potential benefits of greater operational efficiency and improved co...
26 March 2021 /identity /crime Banking Strategy, Digital and Transformation
Alistair Catto Managing Director at Beyond
I recently co-hosted an industry workshop with Arachnys, a KYC and AML data specialist, exploring the potential benefits and challenges associated with adopting Perpetual KYC. Limited to just 20 participants, we were joined by representatives from several leading banks and asset managers including, Goldman Sachs, Investec, HSBC, Morgan Stanley and...
23 March 2021 /regulation /crime Financial Risk Management
As a quick recap, in my last article I talked about the brilliance of using software to turn mobile devices like smartphones and tablets into payment terminals. There’s a myriad of benefits that positively impact everyone in the payments ecosystem, from card schemes to banks, PSPs, merchants and the consumer. One of the most critical benefits of...
18 March 2021 /payments /crime Fintech
Jagdish Udayakumar Senior Product Manager at FIS
The Covid crisis has been challenging one for all of us, it has presented with opportunities for both good and bad. The pandemic provided the necessary impetus to drive the Digitalisation agenda within the banking sector, at the same time such a transformational agenda has helped criminals to benefit greatly. The business were directly impacted du...
18 March 2021 /regulation /crime Financial Risk Management
Chris Principe CEO at APB, Inc.
BUBBLENOMICS BubbleNomics, it’s new, it’s exciting, it’s a failure? The world has really changed. It has been a year since the COVID-19 Pandemic has infected the globe. Everything has been touched and everyone has been impacted. There is a distinct change in our daily family life, our jobs, and our communities. As of March 2021, globally there has...
16 March 2021 /wholesale /crime Women in FinTech
John Bertrand MD at Tec 8 Limited
Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to oth...
08 March 2021 /payments /crime Financial Services Regulation
Claus Christensen CEO at Know Your Customer
Humans have been creating companies since ancient times, but business registries did not make an appearance on the global stage until the 19th century. National institutions – keen to tax businesses among the rise of global trade and the advent of the industrial revolution – started introducing official lists of organisations operating in their spe...
08 March 2021 /regulation /crime RegTech
Justin Fitzpatrick Co-founder and CEO at DueDil
During the middle of last year, Commerzbank AG (London Branch) was slapped with a £37.8 million fine from the FCA for failing to put adequate anti-money laundering systems and controls in place. Commerzbank was aware of the weaknesses in its operations and had failed to take reasonable and effective steps to fix them despite the FCA raising conc
04 March 2021 /regulation /crime RegTech
Recent money-laundering scandals have shaken public trust in the banking sector. How can banks rethink their approach to AML? The BBC’s recent Panorama documentary, “Banking Secrets of the Rich and Powerful,” is an uncomfortable watch for anyone working in the banking sector. While all banks have anti-money laundering (AML) teams and talk about t...
03 March 2021 /crime Innovation in Financial Services
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
2020 was a year like no other, as disruption from the novel coronavirus pandemic created interlinked health and economic crises. In retrospect, the unknown magnitude of COVID-19 and its ripple effects did little to derail the accuracy my 2020 fraud predictions. Three of the five came to fruition, and we saw partial progress toward the remaining tw...
25 February 2021 /crime /predictions Innovation in Financial Services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.