4231 Results from /regulation
Retired Member
Information barriers have always been a challenge for organisations to manage, monitor and control. As a result, many firm have historically banned home working and previously only enabled access to files, folders, and other information on-site. Along comes the Covid-19 pandemic, and suddenly all rules needed to be readministered to facilitate the...
07 October 2020 /regulation
Adam Holden Chief Executive Officer at NorthRow
Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your...
05 October 2020 /regulation Financial Risk Management
Jeremy Light Co-founder at Fourdotzero
1230 words, 4:50 min read An Orwellian Dystopia As more and more payments become digital, a key question for payment systems architects is how to preserve the privacy of their users. Without privacy, payments systems risk becoming surveillance systems for government agencies and for corporations. In turn these can be extended into control systems ...
29 September 2020 /payments /regulation The Payments Business
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
Moving from simple risk management to real resilience is a critical new capability that organisations are striving to attain. Teams seek to quickly mature resilience as we reopen our businesses, countries and economies in the post-COVID-19 world. Organisations that do this well and become ‘anti-fragile’ will thrive – those that do not will find th...
28 September 2020 /regulation /covid-19 Operational Risk Management
Saloni Ramakrishna Author; Senior Director at Oracle
Is it relevant to talk of profitability during Covid times some might ask? It is and HOW!! Healthy banks are sine qua non to support pandemic induced distressed economy & customers whether it is retail, commercial/ SME or corporates in affected industries. Connecting the dots across my previous three blogs, the big picture is that banks thems...
28 September 2020 /regulation /covid-19 Banking Strategy, Digital and Transformation
Assessing vendor risk is a key topic for many enterprises, seeking fit for purpose solutions to get the job done. Over 60% of data breaches coming from vendor portfolios combined with mounting regulatory requirements and data privacy fines are all significant imperatives to get it right. Just like aligning chess pieces -- applying the right tools
24 September 2020 /security /regulation Fintech
Barley Laing UK Managing Director at Melissa
What is clear from the pandemic is that financial institutions need a standout online presence if they are to prosper today and in the future. The health crisis has hastened acceptance and reliance on digital solutions for home working and shopping. The same goes for banking and payments as consumers become increasingly comfortable engaging with th...
24 September 2020 /regulation /identity Data Management and Governance
No enterprise has ever wanted unplanned downtime of their services; and that is especially true in the financial services industry. Over the last two years, there have been multiple banking system failures in the UK market that have hit the headlines. Some have been that major that they have actually seen customers actively switching to competit...
23 September 2020 /security /regulation Banking Regulations
Kirston Winters MD, MarkitSERV at IHS Markit
After the recent uptick in EuroSTR (a.k.a. €STR) volumes in late July driven by the major CCPs switching from using EONIA to EuroSTR for discounting all Euro OTC interest rate products we looked at August data to see if this was just a blip or whether EuroSTR in fact held its increased share of the market throughout August. In June, prior to the C...
21 September 2020 /regulation /wholesale Financial Services Regulation
As digital transformation continues to impact the financial services sector, Asset Servicing (AS) firms are under significant pressure to modernize their processes. To transform successfully, they need to work closely with their clients to create frictionless alignment during the end-to-end investor lifecycle journey. 1. Straight-Through Process...
17 September 2020 /regulation /devops Banking Strategy, Digital and Transformation
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