4227 Results from /regulation
Retired Member
In this epoch of AI, serious questions about regulations and laws for AI are being raised but why now, and if not now, what will be the consequences. The question seems valid since we have been working and utilizing AI in many forms like probabilistic estimation studies of Economics to Video games for the last 70 years after the name Artificial In...
04 February 2024 /regulation /people Artificial Intelligence
From 2008 to 2022, private funds enjoyed turbocharged growth when their assets under management (AUM) soared five-fold to reach $13 trillion. The AUM metric came to rival returns as the golden benchmark of success and drove a surge in compensation for general partners and their teams. Money rolled into private markets, and with channels to private...
30 January 2024 /regulation /markets Innovation in Financial Services
Nitya Srinivas Domain Consultant at TCS
Abstract The current macro-economic situation and high inflation has made individuals concerned whether their savings and pensions will be adequate for a comfortable retirement income. This concern is compounded by the fact that there is no consolidated view available to them across all the pension plans and no simple way to trace “lost” pensions....
30 January 2024 /regulation Financial Services Regulation
Helen Child Founder at Open Banking Excellence
Open Banking celebrated six years young on the 15th of January, making this the perfect time to give the industry a JROC (Joint Regulatory Oversight Committee) update. As we look ahead in Open Banking, JROC has been our guiding North Star. The JROC committee, having commenced their ambitious work in June 2023, has already proven essential in helpi...
29 January 2024 /payments /regulation Open Banking
Luigi Wewege President at Caye International Bank
Information has become as valuable as currency in the current financial sector globally, especially in investment circles. As such the impact of anonymous messages on market dynamics has become a topic of immediate concern. Recent events have thrust this issue into the limelight, highlighting the urgent need for a deeper understanding of how undis...
29 January 2024 /regulation /markets Financial Services Regulation
Hugo Chamberlain Chief Commercial Officer at smartKYC
In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, and fraud, KYC procedures have traditionally centred around verifying the identity of individual customers. But, as the business landscape has grown ...
24 January 2024 /regulation /crime RegTech
Saloni Ramakrishna Author; Senior Director at Oracle
The recently concluded COP 28 has, once again, flood lighted the need for focused and positive action to facilitate movement towards a low carbon ecosystem and therefore a sustainable future for all. A crucial decision made at COP 28, as relevant to this article, is the need to reduce Greenhouse Gases by 43% by 2030 and 60% by 2035 (relative to th...
22 January 2024 /regulation /sustainable Banking Strategy, Digital and Transformation
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
Francesco Fulcoli - Chief Compliance Officer The Council of the European Union and the European Parliament have reached a provisional agreement on reforms to strengthen the EU's anti-money laundering and counter-terrorism financing framework. The new rules aim to close regulatory loopholes and ensure illicit money from criminal activities and terr...
19 January 2024 /regulation Fintech
Fatemeh Nikayin Co-Founder at Rivero
The integration of large language models (LLMs) like GPT-4 in regulatory technology (RegTech) and payment systems marks a new era in the financial sector. With their advanced language processing capabilities, these models have already generated a lot of buzz. They are set to revolutionise how financial institutions manage compliance, risk, custom...
17 January 2024 /payments /regulation Payments strategies 2015-2020-2030
It’s one year down and one to go for European financial organisations to get their houses in order. These institutions will have until January 2025 to ensure their compliance with the Digital Operational Resilience Act (DORA), demonstrating full visibility into their operations and how they ensure resiliency. DORA will be the latest addition to nu...
17 January 2024 /security /regulation Banking Strategy, Digital and Transformation
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