4138 Results from /regulation
Retired Member
It is very clear from the figures released by the various fraud prevention agencies that there is a dramatic increase in cybercrime and real-time fraud. Should the losses continue to persist at the current growth rate, the financial services industry is in for torrid times! Ultimately, it is the attitudes around fraud that need to change. The inst...
10 August 2016 /security /regulation
MiFID II has a number of amendments pertaining to investor protection. Firms must act honestly, fairly, and professionally in accordance with the best interests of its clients and put their customers’ interests at the centre of their corporate culture. Therefore, firms must: Understand their clients investing criteria in order to make suitable rec...
05 August 2016 /regulation MiFID
Larry Plonsker Partner/Member at Patent Marketing LLC
DISTRIBUTED VS. CENTRALIZED CHAIN CONTROL Kelce S. Wilson, PhD, MBA, J.D. and Larry Plonsker, PhD A common feature of many existing digital currency blockchain systems is the use of distributed chain growth. This results in decentralized, or distributed, growth of the blockchain. There is no single entity that is authorized, or depended upon, to ad...
04 August 2016 /regulation
Revised Payment Service Directive has been a hot topic among Fintech startups and banks. In particular there has been a lot of discussion around banks needing to open their APIs. But what does that mean? Will anybody be able to use bank’s infrastructure and or will they become a platform for those companies loosing their client facing business? Or...
04 August 2016 /security /regulation
Ian Stone CEO at Vuealta
Zero-based budgeting (ZBB) is a cost management approach adopted by many businesses, especially in the consumer goods sector. It allows companies to reduce unnecessary costs, increase profits, and maximise shareholder value. It’s no secret that ZBB is often associated with acquisitions or firms positioning themselves for a sale. As a result, it’s o...
02 August 2016 /regulation
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Like startups in any other industry, fintechs need to find a problem to solve, develop a solution, package it in such a way that it provides a compelling reason to use, and thereby gain mainstream adoption. SQUARE and PayZapp are two fintechs that have a good job of this for reasons I’ve covered in my previous blog posts here and here. This requir...
31 July 2016 /regulation /startups
Compliance has been a dirty word in financial services for several years now. But lately the regulatory burden seems to be driving many in the industry into the realms of nervous breakdown, with 87% of global banking CEOs citing over-regulation as an outright threat to growth. (PWC’s 19th Annual Global CEO Survey: Banking and Capital Markets). The...
28 July 2016 /regulation
Back from a couple of weeks in Mexico where it seemed the whole world was going steadily insane (or maybe that was just the tequila). Anyways, it was reassuring to start the week with another "wow is that what they really meant?" moment whilst gorging on the never-ending box set known as MiFID 2. This time it's about the obligations on b...
27 July 2016 /regulation
Nikhil Mittal Financial Crimes Consultant at Wells Fargo
Large, global banks process billions of transactions across service offerings to a plethora of customers across demographics, daily. In order to sustain effective operations, they must adopt cutting-edge analytics that churn the petabytes of rich information into valuable insights. As of today, most global banks are processing these petabytes of t...
26 July 2016 /regulation Banking Architecture
In my previous blog, we talked about letting the CAT out of the bag in order to make risk management more effective. The 'T' we talked about previously was 'transactions,' the other two being 'customers' and 'accounts.' With the increasing number of channels of monetary transfers - both bank-regulated as well unregulated, anonymous ones, such as B...
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.