4192 Results from /regulation
Retired Member
Introduction AnaCredit (The Analytical Credit and Credit Risk Dataset), is a project from the European Central Bank (ECB) to create a shared database containing information on bank loans to companies. Credit institutions across the Eurozone will be required to report specific, standardized data on loans and other credits. AnaCredit is the Eu
27 September 2017 /regulation Data Management 101
Even before it was discovered that the attack on the offices of Paris satire magazine Charlie Hebdo was partly financed by online payment fraud, the writing was on the wall. Organized crime and international drug traffickers had learned early on that the online payments ecosystem was easily exploited for money laundering. It was only a matter of t...
26 September 2017 /payments /regulation
Varun Maggon Senior Business Consultant at CustomerXPs Software Pvt. Ltd.
European leaders have long identified that the future of the financial services lies in the co-existence of the conventional banks with emerging fintech. However, to reach to that stage, security of the customer data is the major challenge. Despite industry efforts, fraudulent transaction levels are on the rise in Europe. Payments Services Direct...
26 September 2017 /payments /regulation Transaction Fraud Systems and Analysis
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Consumer advocates ranted about overdraft protection fees in 2008, saying the service was forced down upon consumers. While the uninitiated can Google "overdraft protection" for a prosaic definition of the term, Stanley Bing offers the following tongue-in-cheek description for one of the most lucrative services offered by US banks: “No m...
22 September 2017 /regulation /retail
There are a number of challenges business leaders face when it comes to good financial planning – with concerns around business agility, inefficient reporting and long budget cycles all standing in the way of quality decision making. In a recent CFO survey, shockingly, more than 50% of CFOs said it took them longer than three months to complete a b...
22 September 2017 /regulation Data Management 101
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
The recent OCED (Organisation for Economic Co-operation and Development) “Compendium of Productivity 2017” publication showed global growth, measured by GDP (Gross Domestic Product), should rise from 2.1% in 2016, to 3.5% in 2017, and 3.7% in 2018. Though this is good news, these growth numbers are below those before the financial crises started i...
22 September 2017 /ai /regulation Futuristic Banking
In the first of this series I outlined the key challenges and opportunities presented to financial services (FS) organisations adopting public cloud technology. In this second article, I continue by discussing some of the specifics around the regulatory and compliance aspects. FS firms have cited regulation and compliance as the biggest challenges...
19 September 2017 /regulation
James Barret Senior Director at Endace: www.endace.com
Watching the Equifax debacle unfold has been a bit like watching a badly written coming of age story - just when you think it can’t get any worse, it does. The plot has certainly thickened as it has gone on, and last week, in seven short days we learned of the Apache Struts patch vulnerability neglect through to the latest development in Argentin...
18 September 2017 /security /regulation Information Security
At a recent Microsoft UK, Local Government Partner event, there was some excellent insight on the Digital Agile Aging Market. The key note speaker Ian Spero, Founder of the Agile Aging Alliance, recently published a paper called ‘Neighbourhoods of the Future” in collaboration with McCarthy & Stone. The purpose of the report was to connect dig...
15 September 2017 /regulation /inclusion Futuristic Banking
It was nearly impossible to avoid the media coverage, and subsequent public outrage surrounding the data breach at credit reporting agency Equifax, which left 143 million people potentially exposed to the threat of stolen personally identifiable information (PII). Equifax responded with a microsite for people to input even more of their personal d...
15 September 2017 /security /regulation Data Protection Act Issues
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