4462 Results from /regulation
Retired Member
The evolving requirements of ESMA and Market Abuse Regulation (MAR) persuade Reporting Entities to strategize the reporting structure of a trade. Since MiFID II implementation, it is aiming at increasing investor protection by creating a more efficient, risk-aware and transparent market for investment services and activities. This regulatory init...
14 May 2019 /regulation MiFID
Today, a well-established correspondent network is a major strength for many banks and payment services. If earlier the client’s choice and demand for services were driven by the size of the advertising budget, right now the issues of financial logistics are in the forefront: how the client money will be transferred to different countries and regi...
13 May 2019 /regulation /startups Fintech
PSD2 requires that Account Servicing Payment Service Providers (ASPSPs) shall design their channels in such a way so that Third Party Providers (TPPs) are able to identify themselves when accessing these channels. The ASPSP shall be able to recognize that it is a particular regulated TPP accessing the account and not the end-user himself. Article ...
13 May 2019 /regulation Open Banking
Tautvydas Medziukevicius Legal Counsel at Swiipe
The Second Payments Services Directive (PSD2) is opening many doors for small companies in a bank-dominated industry. With the new rules some of the competences are transferred from the banks to the hands of the consumers. Consumers have the authority, through consent, to allow smaller companies to use consumers’ bank accounts to provide unique se...
07 May 2019 /regulation /startups Open Banking
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
By Regulation we mean national law and its extensions such as defined by Regulators and Standards, and the way its applied in practice through Policies and Procedures. The problem is compounded through International Trade and Operations, which covers Regulations from multiple jurisdictions. An annual CEO survey has identified regulation overload a...
04 May 2019 /regulation Finextra site news
Ron Cogburn CEO at Exela Technologies
“Know your customer” (KYC), while a critical regulatory requirement, can quickly get gummy and frustrating when data is scattered across multiple systems. Financial institutions collect massive amounts of customer data—where people live, what they drive, whether they own homes, what credit cards they use—that can satisfy anti-money laundering (AML...
02 May 2019 /regulation Bigger than Technology
It should be no surprise that financial services are among the most heavily regulated industries. Any business that involves the management and transfer of money, particularly across international borders, requires careful monitoring and control. Moreover, as a result of the 2007-2008 financial crisis and the rise of cybercrime, the regulatory env...
02 May 2019 /regulation /inclusion
Andrew Beatty Head of Wealth, Retirement & International at FIS
Harnessing the power and potential of AI in regulatory compliance for financial services can give banks a competitive advantage in today's data-centric world. Let's see some practical examples. Here are three primary and practical ways that Artificial Intelligence use cases can be applied to best capitalize on the value, power, and potential of nex...
30 April 2019 /ai /regulation Digital Banking Trends
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Direct-to-Consumer financial technology startups are new age companies that sell bank accounts, loans and other financial products directly to end users. In this post, we'll use the term “Fintechs” to refer to these D2C firms and "Fintech" to refer to the industry as a whole. They're different from “Fincumbents” - those comprise of tradi...
26 April 2019 /regulation
The European Commission is required to review MiFID 2 by March 2020. The German Finance Ministry kicked things off at the beginning of this year by inviting comments from the industry. Attending the recent FIA Compliance and Regulation Forum, I noted that many of the regulators and market participants seem to prefer targeted adjustments over a la...
26 April 2019 /regulation /wholesale MiFID
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