4467 Results from /regulation
Brittany Garland Executive Director at IHS Markit
What is the next generation technology for onboarding clients at custodians? A migration has begun from portals to onboarding platforms, but some custodians are still mired in a world of email communication, writes Brittany Garland, Executive Director in Operational Risk & Regulatory Compliance at IHS Markit. The article explains that, after y...
26 April 2021 /regulation Banking Strategy, Digital and Transformation
Retired Member
A €3 million fine is the latest in a number of anti-money laundering fines for ING, but what can they and the rest of the sector learn? At the beginning of March, ING was fined €3 Million for failures in anti-money laundering regulation. It’s the latest major AML case involving European regulators and confirms this will continue to be one of th
26 April 2021 /regulation
John Bertrand MD at Tec 8 Limited
The effects of fraud are not merely financial. As with other crimes against the person, victims suffer deep emotional distress – people have been known to commit suicide. The victim-blaming approach taken by banks is often a bigger contributary factor to their trauma than the actual financial loss causes people deep trauma. In the new world of op...
22 April 2021 /payments /regulation Fintech
As the world is moving towards digitalization, cyber-security threats are becoming more sophisticated than ever. There has been increasing number of attempts in recent times where hackers have been targeting organizations by capitalizing on vulnerabilities that their third-party vendors and suppliers are exposed to. Securing client data that inc
19 April 2021 /security /regulation Information Security
Remote working has changed our working model and while most people will welcome it, firms must ensure they have identified all regulatory risks. Lockdown has changed the world of work as we know it. Almost overnight firms were forced to shift to a remote working pattern. Although it has generally gone ahead smoothly, research suggests many firms ar...
16 April 2021 /regulation
Jane Jee
The number of women working in RegTech account for up to 35% of the industry’s workforce, which compares favourably to the FinTech industry, where 29% of roles are held by women. However, more can and should be done - as mentioned by Lucy Heavens, Co-founder of RegTech Women – from encouraging more young women into the RegTech industry, through ...
13 April 2021 /regulation /crime RegTech
Jonathan Bell CFO at PXP Financial
We all know that 2020 was an unusual and challenging year for everyone and as much as we would have all wished that things could have gone back to normal the second the clock struck midnight on the 31 December, that has unfortunately not been the case. Most industries and businesses continue to face a number of challenges, some carried over from l...
12 April 2021 /payments /regulation Fintech
Barley Laing UK Managing Director at Melissa
The last twelve months have been a challenging time for many in financial services, with the pandemic and also Brexit to contend with. This means it’s more important than ever to look at all options to keep customers happy and drive growth in 2021. Spring clean customer data A good place to start is with data. Best practice business decision makin...
12 April 2021 /regulation /identity Data Management and Governance
Nick Green Director at Purple Patch Broking Ltd
It’s increasingly difficult to achieve a reliable data set – and that could mean you can’t trust the information shared within your lending organisation. So, what’s the solution? In this blog, we explore how to gain high-quality data for credit risk programs, like AML, without it taking an abundance of your time. Beyond satisfying regulatory gover...
09 April 2021 /regulation /retail Data Management and Governance
6AMLD: A quick look at the data requirements for the 6th Anti-Money Laundering Directive (6AMLD) Anti-Money Laundering (AML) is one of the most intense areas of financial regulation. With the development of money laundering crimes constantly evolving, the steps firms take to prevent these crimes are often insufficient. With the 6th Anti-Money La...
09 April 2021 /regulation /retail Financial Services Regulation
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