4367 Results from /regulation
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to their current Know Your Customer (KYC) and Anti-Money Laundering (AML) operations. In order to overcome these considerable and lingering challenges, it h...
11 September 2017 /ai /regulation Banking Architecture
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
We are well versed in Multichannel for customer engagement. Now Omichannel has emerged. But, what is it and why does it really matter? Omnichannel means engaging customers across all touchpoints, whether digital or physical. Omni originates from the Latin word “omnis” meaning “all, every, the whole, of every kind”. Understanding the difference betw...
08 September 2017 /regulation Futuristic Banking
Nanda Kumar CEO at SunTec Business Solutions
The top twenty European banks manage a combined total set of assets worth £18.26 trillion, with HSBC leading the charge at £1.84 trillion. This is a vast amount of money for only twenty companies. Traditional banks have almost monopolised the market across the globe for the past hundred years or so. Recent years have seen successful disruption, a...
07 September 2017 /regulation Digital Banking Trends
Retired Member
Open banking rests on enabling customers to give consent and control to a third-party relationship involving their data and transactions. This ability to help the customer manage this relationship is key for the bank. The customer has the right to terminate a third party relationship at any time and request to be forgotten. The legal right to be f...
05 September 2017 /regulation Trends in Financial Services
Cloud database technologies continue to evolve at pace - handling huge amounts of data, scaling horizontally and not costing the earth. With the launch of Google Cloud Spanner, banks can now harness horizontally and globally scalable data stores across their entire trading business, creating dramatic improvements in cost efficiency, resilience and ...
05 September 2017 /regulation
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...
05 September 2017 /ai /regulation Banking Architecture
The upcoming implementation of the second iteration of the Markets in Financial Instruments Directive (MiFID II) is without doubt one of the most talked-about topics in the finance industry this year. So much so that for some firms the issue of making operational changes to prepare for the looming January 3 deadline has become more of a burden tha...
04 September 2017 /regulation MiFID
Introduction The genesis of the Client suitability and appropriateness framework lies in Markets in Financial Instruments Directive (MiFID II) regulation. MiFID II is scheduled to be implemented in January 2018. The aim of MiFID II is to increase efficiency and transparency in the European financial markets and to increase protection for investor...
04 September 2017 /regulation /inclusion MiFID
The most impactful element of PSD2 – that banks must open their customers’ accounts to third-party payment and information requests – is paving the way for an entirely new end-user experience in digital financial services, one in which the customer will call all the shots. It may not happen overnight, but it’s coming. A good way to imagine the pos...
01 September 2017 /regulation
Henri Wajsblat Financial Services Expert at Anaplan
Over the last few years, we’ve seen regulatory changes and market volatility impact the business models of financial services firms, particularly private equity funds and investors. For example, private equity funds have had to adjust to new regulatory requirements including the Foreign Account Tax Compliance Act (FATCA), Alternative Investment Fu...
01 September 2017 /regulation Private Equity Investing in Financial Technology
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