Retired Member
Looking ahead into 2020 we can expect to see continued geopolitical uncertainty, fee pressures, increasing regulatory demands and market volatility. The regulatory burden for Asset Managers and Asset Servicers continues to grow. Managers will continue to examine how they differentiate themselves in a competitive marketplace through their investmen...
04 February 2020 /security /regulation Trends in Financial Services
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
Jokingly dubbed "deal prevention units" by some front-office staff, compliance teams now have the third most-stressful City jobs after that of an investment banker and a trader. Pre-crisis, pre-Brexit and pre-cybercrime, compliance used to be (almost!) a stress-free job with regular hours. As regulatory pressure intensifies and personal ...
04 February 2020 /ai /regulation Financial Services Regulation
John Pucciarelli Director of Strategic Initiatives at AcadiaSoft
Created in response to the global financial crisis, the Uncleared Margin Rules (UMR) are one of the most consequential regulatory events for the derivatives industry in recent years. While the rules were designed to reduce systemic risk, they have also led to a boom in technological innovation and standardization. Though not the original intention...
03 February 2020 /regulation Financial Services Regulation
Claus Christensen CEO at Know Your Customer
There are always many reasons one might want to organise a trip to Paris. For the last couple of years, the Paris FinTech Forum has become another one of these reasons. First launched in 2015 and hosted in the charming Palais Brongniart - the former stock exchange building – the Paris FinTech Forum has established itself as an unmissable date for f...
03 February 2020 /regulation Digital Banking Trends
This is the second in a series of three blog posts which looks at how a digital finance transformation enables a future-ready finance department - one that can use data, technology and human talent to go beyond governance to provide commercial leadership to the business. In this series I outline how a digital finance transformation enables efficie...
03 February 2020 /ai /regulation Banking Strategy, Digital and Transformation
Niall Twomey Chief Technical Officer at Fenergo
The global financial services sector continues to be rocked by a series of regulatory fines and money-laundering scandals, totaling more than US$36 billion in fines over the past decade. In the first of a new series, I explore the key KYC challenges facing financial institutions across the world and the increasing adoption of digital KYC and e-KYC ...
31 January 2020 /regulation /crime Banking Strategy, Digital and Transformation
According to UK Finance, over two-thirds of British adults now use online banking, and 48% use mobile banking. This means financial institutions are under pressure to implement the latest identity verification technologies to protect the abundance of sensitive data, whilst delivering a seamless user experience. Current authentication methods are s...
30 January 2020 /security /regulation
Anyone who has spent more than a day in the space acknowledges the urgent need for more clarity on a host of issues related to digital assets, which is to say that regulating markets for digital assets is going to be one of the main priorities in the years to come. The EU's Fifth Money Laundering Directive (5MLD) came into effect on Jan 10 in para...
30 January 2020 /regulation Financial Services Regulation
Konstantin Rabin Head of Marketing at Kontomatik
Cryptocurrency has completely changed the way people approach currency trading and market regulations in general. While the concept is still relatively new to some people it has become one of the most popular talking points for everyone involved in finance and technology. Most countries are on the journey towards creating a crypto friend environme...
28 January 2020 /regulation /crypto Cryptocurrency Insights
What does the future holds for Claims Management Companies? The PPI mis-selling scandal saw the emergence of a new industry with the birth of Claims Management Companies (CMCs). Producing riches for CMC bosses, and employing 20,000 people at its height, the CMC industry was unique to the UK, perfectly placed to help consumers secure PPI compensati...
27 January 2020 /regulation /retail Financial Services Regulation
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