4138 Results from /regulation
Anne Leslie-Bini CEO at Pikcio RegTech
There is a whole bunch of really smart people in FinTech of which Leda Glyptis, Chris Skinner, Sam Maule and all the other gals and guys at 11:FS are just a few. While each has a mind of their own, what they do have in common is a deep-seated conviction that the banking industry isn’t doing a terribly good job of transforming itself and that t...
14 June 2018 /security /regulation Information Security
Retired Member
Big fine but no time – CBA receives largest corporate fine in Australian history What is the cost of breaching AML/CFT regulations 53,750 times? According to AUSTRAC it is AUD$700 million, which was the sum of the fine that it handed to the Commonwealth Bank of Australia (CBA) earlier this week. The fine is larger than some expected, CBA themselve...
08 June 2018 /regulation Banking Regulations
"Empowering your people" Enabling change is dependent on culture. People make culture. Shift to business agility is about changing the overall culture. The real change will be in the way actors deal with their role and responsibilities, both from a change and run perspective. One of the key characteristics is that it requires a far more c...
07 June 2018 /regulation Trends in Financial Services
Steve Mulhearn Director of Enhanced Technologies at Fortinet
Businesses across all verticals are dealing with the fallout from shadow IT, whether they realise it or not. Shadow IT refers to technology which is brought into an organisation by individual employees and business units without the knowledge or consent of corporate IT teams. Fuelled in part by its ease of purchase and deployment, SaaS application...
07 June 2018 /security /regulation Business Knowledge for IT
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
When it comes to Corporate Risk Management and Governance, a company’s Board of Directors will play a vital and pivotal role for the effective governance of its bank. This isn’t always easy to understand, though. A board’s role in corporate risk management and governance can be a tangled web, leading members of the company to ask questions like, “...
06 June 2018 /regulation Trends in Financial Services
On May 31st, the FCA published their much anticipated consultations on High-cost Credit (CP18/12) and on Overdrafts (CP18/13). Covering rent-to-own, catalogue credit, store cards, home-collected credit, bank overdrafts and other high-cost credit alternatives, the papers put forward a number of new measures designed to give customers greater co
05 June 2018 /regulation Fintech
The age-old art of hiding money from governments truly took flight in the online era. The good news for us (and bad news for cyber criminals) is that regulators are starting to use technology to catch up. In October 1931, American gangster Al Capone was convicted of tax evasion of approximately $1 million and sentenced to 11 years in prison. Federa...
04 June 2018 /payments /regulation
Nadia Benaissa CMO at Fidor
GDPR might have seemed like a massive administrative burden over the past few weeks but it’s a wonderful opportunity to provide a better experience for your customers. Over the past couple of weeks, for people in Europe, the emails have been relentless, the tone varying from wheedling and whimsical (‘Don’t leave us this way’) to brusque (‘Urgent ac...
31 May 2018 /regulation /retail
Bob Lyddon Consultant at Lyddon Consulting Services
We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts over which such payments (and receipts) are passed. This subject is on the agenda on Day 1 of EBADay in Munich. Our analysis is based on a case study...
29 May 2018 /regulation EBAday
Balazs Fejes President Europe and APAC at EPAM Systems
It’s no secret that the past decade has been rife with unprecedented challenges for financial services firms. With financial markets, technologies and regulatory requirements in a constant state of flux complicating everything from day-to-day operations to customer communications, it seems impossible to make any lasting progress. On the bright sid...
29 May 2018 /regulation Financial Services Regulation
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