4292 Results from /regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
On August 1, 2024, the European Union’s AI Act came into force—the world’s first legal framework regulating artificial intelligence. Designed to balance innovation and risk, this regulation introduces a series of staggered compliance deadlines, with most provisions becoming fully applicable by mid-2026. However, some prohibited AI uses, such as r
4 hours /ai /regulation Artificial Intelligence and Financial Services
Alex Kreger Founder & CEO at UXDA
Could a banking app, knowing users' patterns, emotions and fears, possibly push them to make the wrong choice to maximize the company’s profits? In an era in which apps have become the primary financial gateway, the line between empowering and trapping digital users has never been so blurred. Are some financial services already using shady pattern...
15 hours /regulation /retail Innovation in Financial Services
Andrew Abraham Global Managing Director of Data Quality at Experian
In today's data-driven business world, ensuring the accuracy, consistency, and reliability of data is crucial for making informed decisions and driving growth. Latest research from Experian found the top three priorities for businesses over the next five years are enhancing customer experience and personalisation (49%), implementing technology (48%...
04 April 2025 /regulation /devops
Barley Laing UK Managing Director at Melissa
Bad customer data – databases where customer data is inaccurate, incomplete and inconsistent – causes huge issues for financial institutions. Accurate customer data informs effective customer communications and personalisation. Without it, communications quickly become ineffective, even detrimental to the customer experience, damaging brand reputat...
04 April 2025 /regulation /identity Data Management and Governance
Steve Wilcockson Technical Product Marketing at Quantexa
Simulations are important. It was ever thus since the dawn of computing, but they have become even more important in AI-infused complex business environments. Simulations are core to any organization’s toolkit for making optimal decisions. Combining simulations with domain models (ontologies) rooted in an organization’s platform, model and data ar...
03 April 2025 /ai /regulation Financial Risk Management
David Clee Co-Founder & CEO at MirrorWeb
Compliance doesn’t need to be flashy to be critical. In today’s regulatory climate, communications archiving has moved from operational afterthought to strategic necessity. Regulators like the SEC and FINRA aren’t tolerating gaps, and excuses won’t hold up. If your archiving strategy is outdated or inconsistent, you're not just exposed...you’re in
01 April 2025 /regulation /wealth RegTech
Steve Morgan Banking Industry Market Lead at Pegasystems
April Fool’s Day is no laughing matter for the car lending industry in the UK. The UK Supreme Court is starting its hearings on Tuesday 1st April, which should be the beginning of the end for what banks and other lenders will face in terms of compensation schemes that they will need to follow. It is possible that if the FCA’s proposals are accepte...
01 April 2025 /payments /regulation Banking Regulations
Dan Robinson Founder & CEO at Hackford
What does high churn in compliance oversight roles tell us about the financial services landscape? In 2024, the FCA’s SMF16 function—responsible for ensuring regulatory compliance—saw significant turnover, with some segments like building societies reaching a 35.7% churn rate. This isn’t just a staffing issue or an opportunity for recruiters; it’s...
01 April 2025 /regulation /people RegTech
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
On 31 March 2025, the Bank of England Prudential Regulation Authority (PRA) announced a significant proposal: raising the Financial Services Compensation Scheme (FSCS) deposit protection limit from the current £85,000 to £110,000. This move marks the first change in the limit since 2017 and reflects an effort to keep pace with inflation and evol...
01 April 2025 /regulation /retail Fintech
Cassy Ramsey Chief Risk Officer at Aion Bank
Compliance is often dismissed as a business blocker. In my experience, it can be quite the opposite if organizations can rethink the way they operate. Putting people in the second line of defence on deals from the start has been crucial for Aion Bank to roll out banking-as-a-service to customers, sometimes within weeks. Cassy Ramsey is chief risk...
31 March 2025 /payments /regulation
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