Anthony Hynes Managing Director & CEO at eNett International
In January 2018, the process of surcharging – extra fees of up to 20% that businesses levied on card payments – was banned under the European Payment Services Directive (PSD2). The roll out of the new regulation has forced companies across all industries to absorb the additional cost from transactions or redirect the cost back to the consumer. Co...
05 March 2019 /payments /regulation
Ivy Schmerken Editorial Director at FlexTrade Systems
A FINRA working paper has raised concerns about broker order routing to affiliated alternative trading systems (ATSs), shedding light on order routing decisions and potential conflicts that can impact execution quality. The major finding is that institutional orders routed by brokers that send a relatively high percentage of institutional orders th...
27 February 2019 /regulation Capital Markets Technology
Brian Collings CEO at Torstone Technology Ltd
The UK’s Financial Conduct Authority (FCA) saw a 187% increase in technology outages reported to it in the 12 months to October 2018. According to Megan Butler, executive director of supervision for Investment, Wholesale and Specialists at the FCA, 20% of those outages were “explicitly linked to weaknesses in change management.” Sell-side firms ne...
Retired Member
Crime never takes a holiday, it seems, but criminals can afford to take off as much time as they want – especially those involved in money-laundering. That's how profitable money laundering is, continuing to frustrate lawmakers and legitimate institutions alike. And one of the biggest money-laundering headaches for law enforcement, banks, and soci...
25 February 2019 /regulation Innovation in Financial Services
“The future of GRC will not just be about managing known risks or monitoring compliance. It will be about sustaining an organisation’s social license to operate.” Now that 2019 is underway, it is a good time for organisations to review risks over the past year in the hopes of previewing how they may develop in the future. After another year of land...
22 February 2019 /regulation Fintech
Barley Laing UK Managing Director at Melissa
It is an inescapable fact that for effective ID verification, and therefore KYC and AML compliance, financial services companies need to access to billions of records in real-time to ensure adequate checks are made while onboarding a new customer, and deliver that all-important smooth customer experience. The issue is, if you are a financial servi...
22 February 2019 /regulation Banking Strategy, Digital and Transformation
Amid unprecedented economic turmoil and regulatory change, most asset managers have afforded themselves little time to bring the future into focus. But the industry stands on the precipice of a number of fundamental shifts that will shape the future of the asset management industry. One such shift is globalization. More than 40% of asset managers ...
21 February 2019 /ai /regulation Banking Strategy, Digital and Transformation
John Byrne CEO at Corlytics
The global regtech market is exploding. By 2023 revenues are expected to be worth $12.3 billion, growing at a compound annual growth rate of 25.4% over the next five years[i]. The pace at which it is evolving has even led Deloitte – who we are proud to be collaborating with on some new client engagements – to call regtech “the new fintech”[ii]. Th...
21 February 2019 /regulation Banking Regulations
Maintaining payment security compliance is key to preserve consumer and supplier trust in a brand. However, the Payment Security Report (PSR) 2018 showed that compliance with the Payment Card Industry Data Security Standard (PCI DSS), the standard that protects this data is slipping. In order to stop this downward trend, businesses need to reasses...
Rashi Garg Product Analysis and Design Director at IHS Markit
Fair value is the pricing of foreign assets, post-closure of their native markets. Because markets are intercorrelated, breaking news from one part of the world can impact all markets globally. Fair value prices serve to capture fluctuations in the valuation of foreign equity and fixed income assets. Using these prices, portfolio and asset manager...
20 February 2019 /regulation Fintech
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