Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
Francesco Fulcoli - Chief Compliance Officer and MLRO The Economic Crime and Corporate Transparency Bill is now officially a part of UK company law. This momentous occasion marks a significant turning point in the history of Companies House. This legislation provides the necessary tools to play a more significant role in combating economic crime a...
20 November 2023 /payments /regulation Fintech
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Hello there, e-commerce enthusiasts! If you own an online store, you understand how critical the checkout experience is to the success of your company. And this is where the unsung hero of internet purchasing, the closed-loop wallet, enters the picture. Why Are Closed Loop Wallets Required for E-commerce Platforms? Closed-loop wallets are transfo...
20 November 2023 /regulation /inclusion Fintech World
Robert Houghton Founder at Insightful Technology
The battle about operating at home, in the office or other locations continues to rage in financial services. Yet in many ways, the debate is irrelevant. The genie is out of the bottle. Ignoring it – even if very few people work from home in an organisation – simply increases risk. This stems from regulators’ calls for a level playing field acros...
17 November 2023 /regulation /people Financial Services Regulation
Steve Wilcockson Product Marketing at Quantexa
I was at an “all things data and analytics benchmarking” event last week. It was fabulous, most major banks were represented, also the hottest of hot hedge funds, a chunk of exchanges, and some of not-the-usual vendors. I found it refreshing, like most events where tangible analytics gets discussed. My early career was quant /data science/analytics...
15 November 2023 /regulation /cloud Big Data
Harriet Christie Chief Operating Officer at Mirrorweb
When JP Morgan Chase was fined $200 million for recordkeeping failures in 2021, it felt monumental. While ‘ephemeral messaging’ penalties were admittedly a new proposition, the size of the levy should have drawn a line in the sand and led to a tectonic shift in compliance procedures for financial services organizations. What has unfolded since has...
08 November 2023 /regulation /wealth Regulatory Reporting
Eliot Hodges CEO at Anduin
There's been a lot of chatter over the democratization of the global alternatives markets, and investors of all types are seeking out the private markets. Still, very few people have spoken about the lack of infrastructure standing in the way of a brighter future for all. Bain & Company have issued a piece that sheds light on this critical con...
06 November 2023 /regulation /markets Private Equity Investing in Financial Technology
Sadi Bezit Head of Business Development Europe at Sadi BEZIT
Back in March, the European Parliament took a significant step towards strengthening anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts. It voted in favour of creating a specialized entity with competence in AML – provisionally named the Anti-Money Laundering Authority (AMLA). Consequently, the AML competences curr...
06 November 2023 /regulation /crime
Joris Lochy Product Manager at Intix | Co-founder at Capilever
When discussing the dynamic world of Fintech, particularly in the context of neo-banks and payment Fintechs, licenses play a crucial role. This regulatory aspect, while less glamorous than cutting-edge user experiences, is a fundamental component of the Fintech ecosystem. Unfortunately, it often does not receive the attention it deserves in Fintec...
02 November 2023 /regulation /retail Banking Regulations
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Efficiently accessing the data they need is a core challenge for organizations conducting due diligence and ongoing risk monitoring for corporate customers and suppliers. The information needed often comes from varying and disparate sources. KYC processes lack standardization due to the fragmented nature of national AML/CFT requirements. This prev...
01 November 2023 /regulation /identity RegTech
Kieran Holland Head of Technical Solutions at FinScan
Corporate AML compliance objectives are a balancing act of effective risk management, revenue goals, and cost savings, but the reality is that many organizations struggle to achieve this balance with their AML programs. Instead, they are hamstrung by disjointed processes that fail to use or share all the data or resources across the organization. ...
31 October 2023 /regulation /crime
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