4169 Results from /regulation
Retired Member
In 2008, Airbnb entered the international hospitality scene and, in no time, changed the shape of the industry – offering a non-traditional, traveler-friendly alternative to hotels and lodging, both short-and long-term rental options of people’s apartments and homes with reasonable rates and a variety of amenities. In March 2017, the company close...
27 February 2018 /payments /regulation
The statistics are dizzying: around 170 jurisdictions, 750 regulators, millions of pages of rules and regulations, one revised every seven seconds. It is no wonder that those charged with keeping their financial institution on the regulatory rails do not always sleep easily at night. How is Regtech, a convenient shorthand for Regulatory Technology...
26 February 2018 /regulation Fintech
Over recent months as some large regulatory deadlines have been met, one of the ‘long grass’ regulations has come into sharper focus given the intensive efforts that will be required to meet the deadline for compliance; ESMA’s Securities Finance Transaction Reporting (SFTR). The securities financing world is no stranger to directive and regulatory...
26 February 2018 /regulation
Ben Marsh CEO at iMeta Technologies
In the past decade an unequalled amount of regulatory reform has taken place internationally across the financial services industry; a journey that has not been for the faint-hearted or those lacking in stamina and endurance! All of us involved in this marketplace; clients, institutions and service providers; know intimately that these reforms hav...
23 February 2018 /regulation /wholesale MiFID
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
In the UK, there were two public disclosures within a 24-hour period, which provided more examples that Complex Knowledge in a documented form is no longer fit and is the causality of deeply rooted systemic risks. The first relates to the collapse of Carillion. The parliamentary Business Committee has been cross-examining the Carillion auditors. ...
23 February 2018 /regulation Fintech innovation and startups
The convergence of communications and collaboration tools has created an increasingly complex set of interactions among multiple parties over a wide range of channels. The challenge for regulated enterprises is not only how to capture these messages and immutably store them in a useful format, but also to do so in a way that enables them to comply...
22 February 2018 /regulation Financial Services Regulation
Vishwanath Thanalapatti Analytics at Temenos
Indian banking system is reeling under a series of reported frauds in the last few weeks. The mother of all is the USD 1.7 billion at PNB (Punjab National Bank) which is amongst the top public sector banks. Modus Operandi: An Indian bank (A) issues an LOU (Letter of undertaking) at the request of a corporate to a bank in a different country (B), gu...
21 February 2018 /regulation Financial Risk Management
Naresh Kurup Director - Marketing at CustomerXPs
APP (Authorized Push Payment) fraud is turning out to be a widespread menace with the UK being the most affected, according to the UK consumer rights champion When a business or an individual gets tricked into sending money to a fraudulent account to pay for goods or services it is a fraud. Businesses and individuals are scammed when criminals s
19 February 2018 /payments /regulation Financial Risk Management
Financial inclusion plays a vital role in socio-economic development particularly in developing economies. While nations in sub-Saharan Africa have been investing substantial efforts to make financial services available to the underprivileged and marginalised, a vast majority still use informal modes to pay, save and lend. Incidentally, Africa has...
19 February 2018 /regulation /inclusion Financial Inclusion
Real-time and near real-time payment systems have changed the very fabric of online commerce. Over 30 countries now have real-time payment processes of some kind, some of them in use since decades. The growth in Real-time Retail Payment Systems (RT-RPS) has been encouraging, with 18 countries now having a ‘live’ RT-RPS systems in place. Additionall...
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