4226 Results from /regulation
John Pearce Chief Customer Officer at CloudPay
It should go without saying that the management of sensitive information has, and always will be, central to the roles of payroll professionals. However, in recent years the payroll industry, like almost every other, has had to deal with complicated factors such as the rise of remote work, shifting employee demographics and varying data privacy re...
14 March 2024 /payments /regulation
Shahzaib Muhammad Feroz Digital Marketer at AKS iQ
Trade-based money laundering (TBML) poses significant risks to the global financial system, requiring robust regulatory frameworks and international standards to combat this illicit activity. Compliance professionals play a crucial role in understanding and implementing these frameworks to ensure effective TBML prevention. This article will delve ...
14 March 2024 /regulation RegTech
Retired Member
Data has become an essential driver for new monetisation initiatives in the fintech industry. Vast amounts of data are collected from customers, transactions, and market movements, among other sources. This offers tremendous potential to extract valuable insights that can inform business decisions, improve customer service, and create new revenue ...
13 March 2024 /regulation /retail Analytics in Banking
Cassy Ramsey Chief Risk Officer at Aion Bank
The term Banking-as-a-Service (BaaS) has shot to prominence in recent years, but there is no single definition of a BaaS provider - some providers are strictly IT specialists, others hold licences limited to payment products, and a few offer full end-to-end BaaS with services based on a full banking licence. Today, BaaS has evolved and is availabl...
13 March 2024 /regulation Embedded Finance
Financial institutions protect the financial system and play a critical role in preventing money laundering, including the tough challenge of trade-based money laundering (TBML). In TBML, criminals exploit legitimate trade channels to conceal illegal money, thereby jeopardizing financial stability. Detecting and preventing TBML is crucial for main...
12 March 2024 /regulation RegTech
Scott Dawson CEO at DECTA
We all rely on the world that regulation creates – yet we groan at the mere mention of the dreaded ‘red tape’. With each new evolution in payments regulations, like the introduction of PSD2, we see a slew of doom-mongering articles on how it will negatively impact the industry, its stakeholders, potentially cause friction in the payments process,...
12 March 2024 /payments /regulation Fintech
Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank
NatWest in UK last week announced that it is ditching its BNPL products and many experts not are attributing this due to the over crowded market and banks may gradually become less interested in these products. London still having a huge heft in the global financial market, has no regulation in place as yet and now Banks are left to decide by them
11 March 2024 /payments /regulation Banking
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the “regulators”) sought to engage with financial firms and other stakeholders, to discuss new proposed measures to boost “diversity and inclusion” (D&I) in f...
08 March 2024 /regulation /crypto Fintech
07 March 2024 /regulation /crypto Fintech
Riaz Syed CEO at infinant
Coreless banking represents a groundbreaking paradigm shift in the world of banking, aiming to revolutionize how financial institutions operate. In a nutshell, it is about embracing a system that gives banks the ability and flexibility to build and customize products on a single platform. This strategy enables a wide range of innovations, from ban...
07 March 2024 /regulation /wholesale Open Banking
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