4481 Results from /regulation
Vincent Choi CEO and founder at Pomelo Pay
The UK is finally keeping up on contactless payments. Despite London being a world capital for financial technology, Britain has lagged other nations when it comes to some key elements of frictionless consumer finance. Even the increased limit of £45 for a single contactless payment, which was introduced in April 2020 after the pandemic hit, was lo...
15 March 2021 /payments /regulation
Retired Member
I recently reviewed one of the best books written on AI to date, AI Super-Powers, where a brief history of AI is explored across the four waves of evolution experienced over the last few decades. From chess-playing, payments, making friendships, medical diagnoses, and help with investing money, AI continues to play a much broader role across many ...
12 March 2021 /regulation /retail
Lynda Kershaw
We all recognize that the pandemic has made digital transformation a more urgent priority for financial services organisations. With employees working from home and many more customers wanting to do business virtually, the pressure to innovate and roll out digital and virtual services to stay ahead of the competition is intense. However, a major b...
11 March 2021 /regulation /covid-19 Data Management and Governance
Pete McIntyre Financial Services Director at Planixs
September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse. Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded Lehman either prefund accounts or collateralise the credit...
11 March 2021 /regulation Treasury Management
Banking is open for business Open banking is mutually beneficial for banks and consumers. It provides an opportunity for banking providers to retain and grow their customer base, by offering consumers access to better and more targeted financial advice, services and products. Open banking has the potential to generate an accessible and personalise...
09 March 2021 /regulation /retail Open Banking
Corinne Jones Marketing Manager at Suade Labs
Dr Maximillian Dyck, Paralegal, Suade Labs COVID-19 has brought sound operational risk practices into focus around the world of business. Operational risk is the risk of loss from failures in internal processes. As COVID-19 disrupted our day-to-day lives, businesses closed their offices. Collaboration among employees suddenly became a challenge ...
08 March 2021 /regulation /covid-19 Financial Services Regulation
Claus Christensen CEO at Know Your Customer
Humans have been creating companies since ancient times, but business registries did not make an appearance on the global stage until the 19th century. National institutions – keen to tax businesses among the rise of global trade and the advent of the industrial revolution – started introducing official lists of organisations operating in their spe...
08 March 2021 /regulation /crime RegTech
During the middle of last year, Commerzbank AG (London Branch) was slapped with a £37.8 million fine from the FCA for failing to put adequate anti-money laundering systems and controls in place. Commerzbank was aware of the weaknesses in its operations and had failed to take reasonable and effective steps to fix them despite the FCA raising conc
04 March 2021 /regulation /crime RegTech
Alan Blanchard Country Head UK at Apiax
The legal and reputational risks associated with providing cross-border financial services have risen sharply in recent years. Current national lockdowns and travel restrictions, alongside major regulatory upheaval, such as Brexit, are only adding to the challenges facing global banks. With bankers, wealth managers, asset managers and other financ...
04 March 2021 /regulation /wealth Financial Services Regulation
Alistair Catto Managing Director at Beyond
The challenges of the last 18 months, Brexit, the global pandemic and increasing demands for greater transparency and market control are driving change at a breath-taking pace in Financial Services. Banks are under great pressure to deliver efficiency and lower cost operations, and as a result, are taking an ‘invest to save’ approach within their ...
02 March 2021 /regulation /wholesale Banking Strategy, Digital and Transformation
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