4231 Results from /regulation
Payson Johnton CEO and Co-Founder at Crowdz
Integrated, tech-based risk assessment capabilities provide an ethical and sustainable infrastructure to ensure financial responsibility, and allow small-to-medium businesses to access vital recovery financing despite a challenging and turbulent economic landscape. The world and its economies are in the midst of the fastest transformation ever ex...
14 December 2020 /regulation /covid-19 Inclusive FinTech
Matt Neill Managing Director at Beyond
The continued pressure to increase efficiencies within KYC and reduce the cost of compliance has resulted in ‘KYC automation’ becoming a hot topic for the industry. Clients often ask us what their priorities should be, who can help them with the process and what the best practices are for implementation. Here are the 7 key principles I normally sh...
14 December 2020 /regulation /crime Financial Risk Management
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
MetricStream’s Yo McDonald discusses how businesses can identify biases when evaluating risks, how it affects processes, and the steps businesses should take to mitigate bias. Evidently, risk evaluation is fundamental in business to protect the organisation, its workers and to guarantee long-term success. To ensure an organisation’s risk evaluation...
14 December 2020 /security /regulation Operational Risk Management
Retired Member
Today’s AI-driven KYC platforms help banks, fintechs, insurers and more onboard customers and catch fraud at a higher rate—with less dropoff—than ever before. Through the sequential use of proprietary AI algorithms, these platforms maximize accuracy while trimming minutes off ID processing times—without sacrificing security. Advanced image process...
11 December 2020 /regulation /identity Artificial Intelligence and Financial Services
Ivy Schmerken Editorial Director at FlexTrade Systems
With so many traders working from home, the pandemic is said to have accelerated the shift to electronic trading in U.S. Treasury bonds. Now industry leaders are debating the future of trading protocols in the world’s largest and most liquid market. On a recent industry webinar, bond experts said that supporting multiple trading protocols is key t...
11 December 2020 /regulation /markets Capital Markets Technology
Yaroslav Kuflinski AI/ML Observer at Iflexion
Conventionally, banks and other financial institutions start their automation journeys with robotic process automation. While certainly beneficial, RPA has proven to be limited in its automation capacity. Essentially, RPA is only applicable to tasks that don’t require any cognitive input. Intelligent process automation, on the other hand, is capa...
11 December 2020 /payments /regulation Artificial Intelligence and Financial Services
A business which asks for too much information or is confusing about their data needs will simply alienate the customer. Customer onboarding has always been important, but in the new digital world, where most things can be found, bought and sold with the touch of a button, customer expectations and demands have increased. So what happens if there i...
11 December 2020 /regulation /identity Innovation in Financial Services
Darragh Pelly COO at Reitigh Software
Change is the only constant in the financial services sector. This has long been the case; however, the coronavirus crisis has put it on a level like nothing else we have ever seen before. The implications of the pandemic have been far reaching. Falling credit ratings reduced the world of investment grade bonds, face-to-face selling became imposs...
11 December 2020 /regulation /cloud Financial Services Regulation
“The human face is, after all, nothing more nor less than a mask.” Dame Agatha Christie, the famous murder-mystery writer, once said. Our face is just a mask in an ocean of masks, and it only shows what we want to show, not who we really are or how we feel. While this quote refers to the process of how we tend to hide our true emotions, it could al...
10 December 2020 /regulation /identity Innovation in Financial Services
The United States has stepped up its anti-money-laundering practices after taking some heat. In the Financial Action Task Force's 2016 mutual evaluation, the group found: Lack of timely access to adequate, accurate and current beneficial ownership (BO) information remained one of the fundamental gaps in the US. [1] As a result, the United States re...
09 December 2020 /regulation /crime Financial Services Regulation
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