4459 Results from /regulation
Mark Alcaide Senior Managing Director, Consulting at Foreside
Amid broader digital transformation trends, many service providers have re-imagined their value proposition to take advantage of new technologies. The compliance consulting space is no different. The prevailing question, however, is at what point does the focus on technology begin to crowd out the human elements in the value chain and, more import...
22 September 2021 /regulation
John Bertrand MD at Tec 8 Limited
UKFinance1 announces a saving of £32million in fraud in the first half of 2021 with bank branches, building societies and Post Offices working with the police through the Banking Protocol rapid response scam process. Noting the scheme had led to 934 arrests since 2016, an average of 190 per year. This is good, traditional police work coordinated ...
21 September 2021 /payments /regulation Online Banking
Dexter Penn CEO at Kalgera
Mental capacity is the ability to receive and process information to make and communicate decisions on specific questions. We make decisions all day every day, from deciding what to eat and what to wear to more complex decisions like our finances - whether to spend or save, or whether to take out a certain financial product. Throughout our lives, ...
21 September 2021 /regulation /inclusion Financial Inclusion
Alastair Goodwin CEO at Adoptech Limited
Right now all your energy is consumed on building your service, MVP’s, winning pilots, initial sales and building towards your next investment round. The last thing you need is to spend time writing company policies, right? Wrong. Prospective clients and investors don’t care that you are a startup or that you are all working flat out and wearing va...
21 September 2021 /regulation /startups Data Management and Governance
Andrew Beatty Head of Wealth, Retirement & International at FIS
Why Automation is Crucial Collections, like virtually all areas of financial services, is an increasingly digital business, with universal digital drivers forcing the pace of both change and opportunity. As Cisco’s outgoing CEO John Chambers boldly predicted in 2015, “At least 40% of all businesses will die in the next 10 years… if they don’t figu...
16 September 2021 /regulation /retail Banking Strategy, Digital and Transformation
Chris Hansen Co-Founder at Adoptech Ltd
The recent internet outage caused by a fault with cloud computing service Fastly, which took down thousands of websites in multiple countries, was a painful reminder of the importance of operational resilience. Payment provider PayPal was among the most heavily-used services to be hit, and the failure was reminiscent of TSB’s IT meltdown in 2018 w...
13 September 2021 /regulation /cloud Operational Risk Management
Alex Simpson Publications at Mansion House Consulting
Why we should be utilising the benefits of ISO 20022 Author: Mansion House Consulting Publications ISO 20022 is finally upon us and is set to revolutionise payments and networks. Indeed, as FinExtra reported, 90% of the world’s public and private high-value networks. For the uninitiated, ISO 20022 is an ISO standard for electronic data interchang...
10 September 2021 /payments /regulation SWIFT Matters
Cyril Lalo CEO at ellipse Inc.
From remote transaction outlier to most vital card data Over the past 20 years, Card Security Codes (also known as CVC2, CVV2) usage has greatly expanded from confirming genuine cardholders to securing eCommerce transactions, eWallet enrollments, and profile management, to name just a few. The Card Security Code has become the initial verificatio...
10 September 2021 /payments /regulation Dynamic Card Security Code, CNP & eCommerce Forum
Doug Gross CEO at NGDATA
Today, many banks are united by a common challenge: managing the limitations of their legacy cores and the operational, compliance, and customer personalization pitfalls associated with them. Monolithic legacy cores do not offer the level of functionality that modern banking customers need, especially those favoring digital experiences in a post-p...
08 September 2021 /regulation /retail Banking Strategy, Digital and Transformation
Garima Chaudhary Global Head of Solution Eng, FinCrime & Compliance at Oracle
The current financial crime compliance management efforts are based on a combination of automated but static analysis of a pre-determined set of risk factors, together with human judgement. Legacy systems are updated with new algorithms and manually inputted information, generating matrixes for risk interpretation and action, but these very rarely...
08 September 2021 /regulation /crime Innovation in Financial Services
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