4481 Results from /regulation
Retired Member
The robots are coming, the robots are coming! Everywhere you look, you see whitepapers and discussions about robotics and its use in AML and compliance generally. And rightfully so, this is definitely going to be a boon to the industry in allowing for more efficiency, consistency, and effectiveness. The problem with all the content and hype is tha...
16 May 2017 /regulation Financial Services Regulation
More and more bankers are suffering sleepless nights over spiralling, often out of control, costs and declining, or even disappearing, margins... And if they aren't, they should be. If they don't do something about it soon, they are going to go out of business. It is now widely accepted that banks' post-trade operations are clumsy, incoherent, over...
15 May 2017 /regulation Post-Trade Forum
Trade and transaction reporting rules under MiFID and EMIR can easily be confused, even though they have different requirements, different formats and, most importantly, different scopes. To recap, MiFID trade reporting is a short message to the public, intraday, for the purpose of price discovery; transaction reporting is a long message to the reg...
12 May 2017 /regulation
RegTech & KYC: Over-selling, under-delivering…Is this creating more risk in the market? In recent years, the banking industry has been inundated with regulation. From AML, to EMIR, Dodd-Frank, MiFID II, to FATCA & CRS and enforcement, the volume of new regulation has been unprecedented. One of the most significant side-effects of this is th...
11 May 2017 /regulation Financial Risk Management
In April this year the European Banking Authority released their final RTS draft for PSD2 to be presented to the European Parliament. Many European Fintech companies feel that the draft does not stay true to the principle of equal playing field that PSD2 was originally intended to provide. To make our voice heard, an association has been formed c...
09 May 2017 /regulation /inclusion Electronic Bank Account Management
Rolf Van Der Pol MD at i-KYC
Hong Kong is only one country where regulators are focusing more and more on TBML as can be read in this article http://www.gtreview.com/news/asia/hk-banks-warned-over-trade-based-money-laundering/ . TBML is less transparent and harder to detect than more traditional types of money laundering. As the article mentions “there is no rigid set
09 May 2017 /regulation Asia Financial Services
Stacey Small Business Development at The Glue
How well do you feel your bank really knows you? GDPR is on the way and could be seen as another hoop to jump through for the banks. But the upside of managing your data in a more systematic, harmonised manner could in fact enable the financial institutions to really get to know their clients and push forward in terms of customer sevice and busine...
05 May 2017 /regulation
Having worked in the Business Process Management (BPM) industry for nearly 20 years, primarily for software vendors, you inherit a number of preconceptions. One of those preconceptions is that all internal/integral workflow systems are inferior to an external BPM system. This preconception is born from the fact that there is no set definition for...
02 May 2017 /regulation Trends in Financial Services
Regulation is tightening within the banking industry and with the advance of technology, it is becoming more and more challenging for firms to retain acceptable profit margins within their foreign exchange (FX) business. Over the past decade we have seen many firms off-shoring and out sourcing their operations business to reduce costs in order to m...
02 May 2017 /regulation
Edward Grant CFO & Co-Founder at Solgari
Cloud technology has become critical to operations in many organisations. Providing an agile environment to host infrastructures and run processes and applications, it represents a relatively easy and cost-effective way of boosting performance. While this is the case for most, the financial services industry has traditionally shied away from cloud ...
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.