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4422 Results from /regulation

Willem Lambrechts

Willem Lambrechts Managing Director at Drebbel

BIG DATA : THE RIVER AND THE LAKE

A river is a natural flowing watercourse, usually freshwater, flowing towards an ocean, sea, lake or another river. (source Wikipedia) A lake is an area filled with water, localized in a basin, surrounded by land, apart from any river or other outlet that serves to feed or drain the lake. (source Wikipedia) Is river a synonym for lake? I don't thin...

/regulation Data Management 101

Konstantin Rabin

Konstantin Rabin Head of Marketing at Kontomatik

How does digital currency save millions of dollars for governments?

The world has been embroiled in a serious discussion about whether or not digitized fiat currency should exist in various countries. The argument was pushed when China first announced it would be making its own version of digital currency in order to somehow combat Libra, but there may be other implications as well. Things such as easier distribut...

/regulation Blockchain Observations

Mark Demo

Mark Demo 

REGULATORY IM VALIDATION IN EUROPE AND THE U.S. - WHAT PHASE 5 AND 6 FIRMS NEED TO KNOW

Approximately 250 firms, including many more buy-side firms, could fall into scope for Phase 5 of the Uncleared Margin Rules (UMR), according to AcadiaSoft’s estimates. At the same time, firms will need to be prepared to address variations of the Initial Margin (IM) rules that may play out differently in Europe than in the U.S. AcadiaSoft will tak...

/regulation Financial Services Regulation

Retired Member

Retired Member 

Comparing Rules Engines vs Machine Learning for AML-BSA-CFT

We have been asked to explain the differences between rules-engines and machine learning for anti-money laundering/banking secrecy act applications on numerous occasions. This question typically arises from the compliance team, wanting to better understand the difference between their current process and that used by AI-based, SaaS AML systems. ...

/ai /regulation Banking Regulations

Retired Member

Retired Member 

What Differentiates modern AML Solutions from Legacy AML?

The Legacy Approach In my prior article, I discussed Rules Engines vs Machine Learning for AML/BSA/CFT compliance. In this article we differentiate legacy AML process from modern a Agile Compliance approach. The legacy AML process consists of on-boarding customers, transaction monitoring and reporting. These processes are hard-wired into the softw...

/regulation Banking Regulations

Retired Member

Retired Member 

Compliance Cold Feet? The Evolving Payments and Blockchain Landscape

This week, three major regulated financial firms (PayPal, MasterCard, Visa) all reportedly are getting cold feet about their participation in the Libra Association project. Can anyone really be suprised after last month's policy moves? Consider: --As noted in this analysis on Medium over the summer, the revenue streams for the Libra Association r...

/regulation Blockchain Observations

Richard Warren

Richard Warren Partner at FirstPartner

Why PSD2 SCA is a Challenging Journey for the Travel Sector

The decision by many regulators not to enforce PSD2 Strong Customer Authentication (SCA) on electronic payments on 14th September has given valuable breathing space to e-commerce and payments players. However, the travel and hospitality sector will find compliance extremely challenging even with the benefit of proposed 18 month managed implementat...

/payments /regulation

Retired Member

Retired Member 

SEC Pulls Its Punches in ICO Enforcement Action

At the beginning of the week, a Securities and Exchange Commission (SEC) enforcement action generated attention mostly by levying a large fine ($24 million) in the Initial Coin Offering (ICO) sector. Many shrugged, seeing this as another example of regulatory hostility to cryptocurrency. The reality is more nuanced. The complaint itself is remar...

/regulation Blockchain Observations

Rolf Van Der Pol

Rolf Van Der Pol MD at i-KYC

Pakistan is not the only country where this can happen

This article (https://www.dawn.com/news/1322817) published in ‘Dawn’ last year not only describes the K&K case clearly but at that highlights some of the underlying issues in Pakistan. A large informal economy, a tradition of sending money abroad and widespread use of hawala networks are the 3 basic factors. Then there’s a widespread use of

/regulation

Mari-Anne Bayliss

Mari-Anne Bayliss Director, Payment and Fraud Solutions, EMEA at CyberSource, a Visa solution

The Merchant View: Let's Please All Agree on SCA Enforcement Timelines

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...

/payments /regulation The future of Payments in Europe

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