4442 Results from /regulation
Retired Member
The age-old art of hiding money from governments truly took flight in the online era. The good news for us (and bad news for cyber criminals) is that regulators are starting to use technology to catch up. In October 1931, American gangster Al Capone was convicted of tax evasion of approximately $1 million and sentenced to 11 years in prison. Federa...
04 June 2018 /payments /regulation
GDPR might have seemed like a massive administrative burden over the past few weeks but it’s a wonderful opportunity to provide a better experience for your customers. Over the past couple of weeks, for people in Europe, the emails have been relentless, the tone varying from wheedling and whimsical (‘Don’t leave us this way’) to brusque (‘Urgent ac...
31 May 2018 /regulation /retail
Bob Lyddon Consultant at Lyddon Consulting Services
We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts over which such payments (and receipts) are passed. This subject is on the agenda on Day 1 of EBADay in Munich. Our analysis is based on a case study...
29 May 2018 /regulation EBAday
Balazs Fejes President Europe and APAC at EPAM Systems
It’s no secret that the past decade has been rife with unprecedented challenges for financial services firms. With financial markets, technologies and regulatory requirements in a constant state of flux complicating everything from day-to-day operations to customer communications, it seems impossible to make any lasting progress. On the bright sid...
29 May 2018 /regulation Financial Services Regulation
Konrad Litwin Global General Manager - Testing at Perforce Software
In the crowded, hugely competitive and increasingly digitally driven FS sector, software is being developed and rolled out faster on an unprecedented level. I’m not just talking about implementing whole new IT systems, but all the software updates and new features that are happening at an increased cadence. The financial firm that fails to keep u...
29 May 2018 /regulation Financial Risk Management
If your business operates online no doubt you will have processes in place to help mitigate the risks of fraud to your business. With UK finance fraud losses standing at £618 million in 2016 (Financial Fraud Action UK), fraud is no laughing matter. It’s difficult to juggle the costs of authentication against the risk to your business of fraud. Also...
29 May 2018 /security /regulation Financial Risk Management
Brandon Li Product Manager at Austreme
Child exploitation is an alarming problem throughout whole world. It particularly threatens the safety of children in developing or underdeveloped countries, where poverty is the biggest cause of child abuse or child sex tourism. Owing to the technology enhancement and increased access to the internet, online child sexual exploitation materials (...
29 May 2018 /security /regulation Financial Services Regulation
Sarah Jackson
The mispricing of risk in consumer credit is a threat to all lenders, particularly those that lack flexibility, explains Sarah Jackson, Director, Equiniti Credit Services. Years of low interest rates and fierce competition in the UK credit market has created a price war. Lenders are using cheaper loan products with wider consumer appeal to retain e...
25 May 2018 /regulation /retail Fintech
Many technological innovations have been heralded as the ‘future of business’. From fax machines to the iPhone, organisations have been relying on more and more technology to operate with greater efficiency and security. While there will always be mixed opinions over which technology is going to have the next big impact, there’s no denying that bl...
22 May 2018 /regulation Blockchain Observations
As the first banks start implementing Open Banking, much of the talk in the industry is about how banks will manage security issues to become compliant. Whilst security is clearly an issue, I don’t believe that it is the biggest issue at hand. Banks are experts at dealing with security issues and managing risk. The real issue banks face is the pos...
22 May 2018 /regulation /retail Banking Regulations
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