4226 Results from /regulation
Dmitri Gmyza Co-Founder at Ultra Stellar
There have been a lot of inventions over the course of history that revolutionised the way people handle their business processes. From clay tablets in Mesopotamia as early as 9000 BCE to paper in China at about 100 CE all the way to computers in the second half of the 20th century. What is the next thing that would make us rethink our ways and ra...
22 March 2024 /regulation Law and Finance
Nick Green Director at Purple Patch Broking Ltd
Credit providers understand the critical challenge with the rise of complex financial crimes, from cyber theft to money laundering. Criminals are using advanced technologies—the same ones that make digital banking possible—to break through security defences. In response, credit providers are forced to constantly modernise their approach to crime pr...
19 March 2024 /regulation /retail Banking
Chris Brown CEO and Executive Coach at New Cyber Executive
Fund management executives and board directors play a crucial role in helping asset management firms navigate cybersecurity. As the financial, operational and reputational costs of cyber risk continue to mount, successful collaboration between fund management executives, cybersecurity executives and the board is essential for effective oversight o...
18 March 2024 /security /regulation Information Security
Richard White Head of Trade Finance at Commercial Banking Applications (CBA)
A continued push for digitisation, transparency and automation in trade finance prompts the question about the impact a migration of Swift messaging from MT to an ISO 20022 standard (MX) would have on global trade finance operations. As the payments and cash management industry has already been finding out, there are benefits, challenges and costs ...
18 March 2024 /regulation /wholesale Innovation in Financial Services
Richard Bennett CEO at Razor Risk
It is around a year since Silicon Valley Bank, Signature Bank, and First Republic failed, and while its effects were by no means as far reaching as those in the global financial crisis over 15 years ago, it has sent substantial repercussions throughout the industry, its regulators, and governing bodies. Here, we take a look at some of the global r...
18 March 2024 /regulation /wholesale Financial Risk Management
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Financial crime continues to be a major issue, undermining the trust and safety of global financial systems. The United Nations estimates that a staggering 2 to 5% of global GDP, or between EUR 715 billion and 1.87 trillion, is laundered each year. Moreover, about 50% of companies worldwide have experienced fraud in the last two years, underscorin...
18 March 2024 /regulation /crime Banking Regulations
John Bertrand MD at Tec 8 Limited
At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days fr...
15 March 2024 /payments /regulation Innovation in Financial Services
Steve Morgan Banking Industry Market Lead at Pegasystems
As we steam ahead into 2024, while banks experiment with generative AI, they also need to be aware of how regulators will scrutinise how they use AI. Of specific concern is how the impact of the EU’s AI Act on banks’ AI ambitions will become much clearer over the coming months. The EU AI Act, which will become enforceable during 2025, is the wor...
15 March 2024 /regulation Artificial Intelligence and Financial Services
Robert Houghton Founder at Insightful Technology
Remaining compliant in today’s financial landscape is no easy feat. Every call, message, communication and snippet of information shared between employees, customers and trading partners must be captured, stored and monitored to prove compliance. To regulators, every financial institution is potentially guilty of wrongdoing, until proven innocent....
15 March 2024 /regulation Financial Services Regulation
Farnoush Mirmoeini Co-founder at KYC Hub
Yesterday’s European Parliament's final vote on the AI Act, set to take effect this May, heralds the world's most comprehensive AI legislation. Just Like GDPR, it will have global implications beyond the EU. The AI Act provides a comprehensive framework for ensuring development of trustworthy AI and the responsible use of AI tools, in particular tr...
14 March 2024 /regulation Artificial Intelligence
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