4230 Results from /regulation
Edvards Margevics Co-partner at CONCRYT
The important of cross-border payments cannot be underestimated. They are essential for facilitating international trade, promoting economic growth, supporting globalisation and enhancing financial inclusion, driving innovation. Combined, these factors contribute to a more dynamic and interconnected global economy. With this in mind, the launch o...
11 June 2024 /regulation /markets
Robert Kerrigan Chief Operating Officer at TrueLayer
In March 2024, there were 16 million account-to-account (A2A) payments made in the UK, powered by open banking. If the future of payments is A2A, then the future is here now. Adoption is accelerating dramatically as businesses embrace this new and cost-effective way to accept consumer payments without the complex intermediary layers associated wi...
11 June 2024 /payments /regulation The future of Payments in Europe
Harriet Christie Chief Operating Officer at Mirrorweb
Compliance is a notoriously time-consuming responsibility, a discipline that relies on precision and meticulous oversight. This reputation has been around for some time, even when regulatory compliance was mainly concerned with email and printed materials as opposed to today’s steady torrent of digital corporate output. We have gradually seen
06 June 2024 /regulation /wealth Fintech
Barley Laing UK Managing Director at Melissa
It has been estimated by MITSloan that the cumulative cost of inaccurate data is 15 to 25 per cent of revenue for most organisations. This is because poor quality data wastes resources, undermines everyday operations and communications – particularly personalised customer communications. It causes inefficiencies in both time and money in the creat...
06 June 2024 /regulation /identity Data Management and Governance
Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd
In the past, buying or selling a stock meant waiting two business days for the trade to settle (T+2). This meant a two-day gap between agreeing on a price and actually receiving the stock and money. As of May 28, 2024, the US market has moved to a T+1 settlement cycle. Trades will now settle in one business day, reducing the risk involved f...
28 May 2024 /payments /regulation Post-Trade Forum
Helena Wood Director of Public Policy at Cifas
With a General Election announced for 4 July, now is the perfect time for a stock take on the progress made over the past decade in relation to tackling fraud. For the most part, this was a decade in which fraud felt like the Cinderella of the criminal justice system; a crime neglected by politicians and police alike while other crime types receiv...
28 May 2024 /regulation /crime Exposing Financial Crime
Adam Lieberman Chief AI Officer at Finastra
With the explosion of Gen AI in recent times, financial services organizations are looking to harness the technology to its fullest potential. Early forms of generative AI have been used across the industry for a decade, particularly in the form of synthetic data generation, but fear and fascination dominate boardroom conversations in equal mea
28 May 2024 /ai /regulation Artificial Intelligence and Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In Ten Revolutionary Things About AI - Part 1, we described five gamechangers about ChatGPT and other Generative Artificial Intelligence platforms. In this Part 2, we shall cover five revolutionary things about AI. 6. Weird Regulatory Proposals There are broadly two lobbies for regulating Gen AI: A) Closed Source (via Sam Altman and Vinod Khosla)...
28 May 2024 /ai /regulation
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
In a world where innovation meets finance, fintech companies stand at the forefront of revolutionising how we interact with money. However, with great innovation comes great responsibility, especially when it comes to compliance and Anti-Money Laundering (AML) practices. In this dynamic industry, navigating a complex web of regulatory requirements...
23 May 2024 /payments /regulation Fintech
Srinathprasanna Neelagiri Chettiyar Shanmugam Manager - Banking and Financial Services at Aspire Systems
This is the first installment in my series of blogs exploring the dynamic world of operational resilience regulatory frameworks, with a special focus on DORA (Digital Operational Resilience Act) and TLPT (Threat Led Penetration Testing). In this blog, I have shared my observations while examining how regulatory changes in the UK, EU, and US are sha...
23 May 2024 /security /regulation DORA AND TLPT
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