4163 Results from /regulation
Mari-Anne Bayliss Director, Payment and Fraud Solutions, EMEA at CyberSource, a Visa solution
Since the European Banking Authority (EBA) published its Opinion in June on the strong customer authentication (SCA) requirements of the revised Payment Services Directive (PSD2), I've been thinking and talking about it with colleagues, peers and — especially — with merchants. In particular, we've been discussing the opportunity given to nationa...
30 September 2019 /payments /regulation The future of Payments in Europe
Retired Member
Africa has one of the world’s most mobile populations, and African nations account for a large and growing slice of the global remittance market. In 2018, the World Bank reported that remittances to sub-Saharan Africa grew by almost 10% to $46 billion. African migration has been rising steeply in recent years, fuelling the growth of cross-border f...
30 September 2019 /regulation /inclusion Trends in Financial Services
Konstantin Rabin Head of Marketing at Kontomatik
Far East Asia is slowly but surely becoming quite a heated market especially after the bastion of commerce, Hong Kong had to go through months of protesting and a display of political issues. The protests are still continuing as we speak as Hong Kongers continue to march in the streets to somehow win back the democracy they feel like they’re losing...
27 September 2019 /regulation /startups Fintech
Julien Rey Director, Derivatives Data & Valuation Services at IHS Markit
The US repo market took center stage last Tuesday, September 17 when a confluence of factors temporarily slowed down banks' cash spigots and drove overnight repo rates to as high as 10%, which led the NY Fed to inject large amounts of cash into banks, through their overnight repo facility, not seen since the days following September 11, 2001. Unli...
26 September 2019 /regulation Trends in Financial Services
“Data is King” has become an idiomatic phrase. Banks have an abundance of data, but the recent fines levied by the FCA against prominent UK banks for their failure to accurately report transactions under MIFID indicate that volume of data does not guarantee the fitness to deploy it. These MIFID reporting failures were centered on simple cash instr...
26 September 2019 /regulation Banking Regulations
Eli Taranto Head of Global Business Development at EQIBank
Offshore banking has always carried an air of subversion about it, but following the release of the Panama Papers in 2016 the industry was catapulted into an entirely new and highly critical light. Since that stark revelation of hidden earnings and tax evasion, a shocking $1.2 billion in back taxes and penalties have been collected by governments ...
25 September 2019 /regulation /wholesale Banking Regulations
Mike Kiser Senior Identity Strategist at SailPoint
As I strode quickly off the plane I had taken back to the US and towards customs recently after an international trip, I reached into my satchel. Like the rest of humanity, I did not want to spend any more time in the airport than necessary, so I extracted my passport and scanned for an open machine to start the scanning process. Instead of prompt...
25 September 2019 /security /regulation Banking Regulations
Predicting what the future of financial companies will look like in the short term is not an easy task, but it is one that should be undertaken, if we are to make sense of the 21st century. The problem with making any predictions is that the stability of the world, in terms of providing a good place for a Fintech company to work in, has been shake...
25 September 2019 /regulation /startups Fintech
The third iteration of the Open Banking specifications, released earlier this year, are now being adopted by the major UK banks. The Regulatory Technical Standards on Strong Customer Authentication and common and secure communication under PSD2 (commonly abbreviated to “the RTS”) came into effect on 14th September 2019, and many of the major banks...
24 September 2019 /regulation Open Banking
The REGTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries in Regulation, Wiley August 2019. Authors: Janos Barberis, Douglas W. Arner, Ross P. Buckley. Amazon link My print copy of the long awaited RegTech book ships from Amazon next week and promises to be a comprehensive resource, crowdsourced from more th...
20 September 2019 /ai /regulation Banking Regulations
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