4138 Results from /regulation
Keith Stanton International Product Manager (Fraud & Risk) at FIS
Once again data breaches have made headlines globally, bringing significant negative publicity, impacting consumers who have had their data compromised and prompting the public to question just how safe their personal data is in the hands of others. I speak from personal experience here; in the last 10 years I have been notified of 5 separate data ...
07 October 2016 /security /regulation
Retired Member
The financial services have always had a complex relationship with cloud computing. Faced with increased competition from fintech players, many retail banks for example, are looking to expand their consumer offering faster and more cost-efficiently, leading to quicker return on investment and competitive advantage. Cloud environments offer these o...
It seems that European payments regulation may be forcing the cards market to take a step backwards. We appear to be moving away from the frictionless online payment environment that so many of us use day to day, towards a much higher friction world where every transaction over €10 is actively issuer authenticated. This blog explores some of the i...
06 October 2016 /payments /regulation
Anne Plested Regulation at ION Markets
As we edge ever-closer to January 2018, the finer details of MiFID II are yet to fully surface, particularly with regard to RTS 22 and the rules around transaction reporting – undeniably one of the larger pieces of the new regulation. There is still much work to do when it comes to finalising the detailed requirements and the Level 2 RTS are stil...
06 October 2016 /regulation
Abhishek Chatterjee Managing Partner at Gartner Inc.
Last year SIBOS was an inflection point for transaction bankers and FinTech, but this year in Geneva we saw a very measured response to key Industry challenges faced across the globe, starting from Cyber Security, Compliance to Robotic Advising, Industry Utilities, E2E Payment Traceability & interoperability and Blockchain. The opening Plenary...
05 October 2016 /regulation /sibos Financial Services Regulation
Nanda Kumar CEO at SunTec Business Solutions
Last week the multilingual Swiss of Geneva bid au revoir and aufedersein to nearly 10,000 bankers. The attendees of Sibos left knowing just how much technological change is facing the banking industry. These lessons are starting to be translated in banking boardrooms from Azerbaijan to Australia, Qatar to Quebec. Most boards will surely conclude t...
05 October 2016 /regulation /sibos
Anthony Walton CEO at Iliad Solutions
Sport, business. Is there a similarity? Before you flick on to the next article, this isn’t about positive mental attitude and a testosterone fuelled winner’s mentality. I want to share my thoughts on why habitual behaviour, good and bad, can lead companies either into a downward spiral or a slow trajectory towards improved performance. The world ...
03 October 2016 /payments /regulation
Complying with new regulation is a challenge in its own right, that may require firms to have to rethink the way in which they conduct their business processes to meet these new expectations. However, far harder still is the need to prepare for a regulation that hasn’t yet been fully defined and, at the time of writing, this is the position which ...
03 October 2016 /regulation
Financial institutions continue to face increasing pressure in a highly regulated landscape, including an ever-increasing and regular requirement for model validation in the context of ECB requirements and regulation such as CCAR, FRTB, and IFRS9 models. An increased appetite for risk mitigation and sophisticated forecasting has encouraged banks an...
29 September 2016 /regulation
Samee Zafar Director at Edgar Dunn Company
Money laundering crimes, when discovered, are dealt with a heavy hand by law enforcement authorities. Record penalties and fines have been imposed on some of the world’s largest institutions held responsible for supporting money laundering in any way, knowingly or not, and violating laws relating to money transfers and payments. Could the blockc
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