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Latest /regulation expert opinions

Steve Marshall

Steve Marshall Director of Advisory Services, at FinScan

FinCEN’s Beneficial Ownership Information Rule is Coming…But Questions Still Remain

Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures’. The new requirement is enforced through the Beneficial Owne...

/regulation /crime RegTech

Steve Wilcockson

Steve Wilcockson Product Marketing at Quantexa

Three GenAI Terms Financial Practitioners Learnt in 2023

2023 was a troublesome year for many on our planet – wars, violence, population displacement, catastrophes, extremism, higher costs of living and poverty. Folks working in our industry were comparatively lucky, some of us invigorated by the exciting GenerativeAI tornado. Just as HFT transformed the vocabulary of capital markets in the 2000s, and d...

/regulation /markets Artificial Intelligence and Financial Services

Raktim Singh

Raktim Singh Senior Industry Principal at Infosys

Why Do We Need Strong Resilient Financial System

Resilience is a process and an outcome of effectively adjusting to life's challenges and adversities, specifically through the exhibition of mental, emotional, and behavioral flexibility, as well as the ability to endure internal and external pressures. Organizational resilience pertains to the capacity of a business to proactively foresee, prepa...

/security /regulation Financial Risk Management

Kiran Komma

Kiran Komma Senior Domain Consultant at Tata Consutlancy Services

SEC final rules on US Treasury Central Clearing

On December 13, 2023, SEC adopted the final rules for enhancing the risk management practices for central clearing in the US treasury market and facilitate additional clearing of US treasury securities transactions. Let us look at the scope, timelines and how it impacts the US treasury market. 1. Current State: The US Treasury market is worth 26 t...

/regulation /wholesale

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

For Merchants, How Does Buy Now, Pay Later Work?

PayNet emerges as a pioneer in the rapidly expanding financial technology industry with its cutting-edge Neo Banking Software Platform. The Buy Now Pay Later (BNPL) platform stands out as a game changer among its variety of new solutions, revolutionizing the way financial institutions work. In this blog article, we'll go over the essential featur...

/regulation /inclusion Finextra site news

John Bertrand

John Bertrand MD at Tec 8 Limited

Reimbursement of APP Scams: Boost for consumers/SMEs

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (Pay.UK) to insert APP scam reimbursement into Faster Payments. The timetable as follows: Action Financial Service & Market Act 2023 (FSMA) - places statutory on PSR for APP scam payments over Faster Payments by 29-Feb-24 Faster Payments Scheme Op...

/payments /regulation Banking Strategy, Digital and Transformation

Robert Houghton

Robert Houghton Founder at Insightful Technology

Top four compliance trends to watch in 2024

As financial institutions gear up for the next 12 months, it’s time to reflect on the key trends and developments, considering how they’ll shape the year ahead. While the financial landscape is constantly evolving, we believe there are four important issues that will shape 2024: 1. AI-powered compliance AI and automation are the buzzwords of the y...

/regulation /predictions Financial Services Regulation

Scott Holman

Scott Holman Head of Google Cloud at GFT

EU DORA: A new opportunity for Site Reliability Engineers

The EU Digital Operational Resilience Act (DORA) is a new regulation that aims to strengthen the resilience of the financial sector to information and computer technology (ICT) related risks. It applies to all financial services organisations within the EU, including banks, insurance companies, investment firms and payment institutions. It also in...

/regulation

Steven Cox

Steven Cox Director of Business Intelligence at IRIS Software Group

Embracing a new ally: AI adoption for the accountant of tomorrow

In every industry, technological advancements play a significant role in shaping the way businesses operate, and accountancy is no exception. With the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies, the industry is redefining not only traditional accounting activities but also the role of accountants themselve

/regulation /people Artificial Intelligence

Roberto Garavaglia

Roberto Garavaglia Independent Advisor at Innovative Payments & blockchain Strategic Advisor

The silent revolution of fees, but what fees?

From Canada and the United States to the United Kingdom, a wave of changes in the Interchange Fees for Visa and Mastercard card payments promises to rewrite the rules of the game. But what exactly are these commission costs, and why is it important to understand their pricing model? I explain this in this post. When we talk about economics and fin...

/payments /regulation

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