Indra Chourasia Industry Advisor at Tata Consultancy Services (TCS)
Emergence of ubiquitous Big Techs Big techs, more popularly known as Tech Giants, are the large information technology companies, whose dominance across industry sectors is manifested by a marked upshift in the post Dot-com bubble era. Starting their journey in a modest form - offering e-commerce, social media, mobile and digital platforms, and se...
14 August 2023 /regulation /cloud Banking Strategy, Digital and Transformation
John Bertrand MD at Tec 8 Limited
In June the UK Government gave royal assent to allow the Payment System Regulator (PSR) to mandate reimbursements for scam victims. Consumer and small enterprises (<£5 million revenue) are to receive the refunds in 5 working days. Costs to be split 50/50 between the Payer and Payee Banks. In addition, Bank/Payment Service Provider (PSP) must h...
12 August 2023 /payments /regulation Banking Strategy, Digital and Transformation
Rob Haslingden Head of Propositions at Experian
For the gaming industry, navigating the regulatory landscape is an ongoing challenge, but it also presents a new opportunity for companies to demonstrate their commitment to player protection and responsible gambling. The Government's 2023 whitepaper on gaming has proposed significant reforms, focusing on identity verification, affordability, and ...
09 August 2023 /payments /regulation Big Data
Retired Member
In every corner of the world, financial regulators are taking steps to advance open banking, with fresh regulations and frameworks recently announced in the EU, UK, US, and Australia. However, each regulator is taking a different approach, tackling region-specific issues to advance payments infrastructure and improve the consumer experience. Whils...
09 August 2023 /payments /regulation Open Banking
Ivan Heard Global Head of Fraud Solutions at Quantexa
If you want to understand why something has gone wrong in a financial organization, the best person to start with is most typically the Chief Risk Officer (CRO). A CRO plays a critical role as an organization’s guardian angel to foster and prioritise a risk-aware culture that promotes resilience and adaptability alongside safeguarding long-term bus...
08 August 2023 /regulation /identity Fintech
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Digital banks called Neo Banks provide quicker banking services. Neo banks provide a range of financial services using mobile apps and web platforms, operating solely online without any physical branches.They give unbanked, underbanked, and uninsured people access to the fantastic financial opportunities and digital independence that neo-banks off...
08 August 2023 /regulation /startups
Simon Luke UK Country Manager at First AML
Unusual wealth types provide criminals with an avenue for money laundering. Cryptocurrencies, artwork and luxury goods all have properties which make them the perfect vehicle for hiding the true origins of criminal profits. With these assets hard to value, trace and verify, how can compliance officers spot illegal activity? And what should they ...
07 August 2023 /regulation /crime
Liudas Kanapienis CEO at Ondato
Besides the technical challenges they face protecting their customers from digital risks, telcos also have a big job on their hands when it comes to maintaining regulatory compliance.l AML (Anti-Money Laundering) and KYC/KYB (Know Your Customer/Know Your Business) regulations are having a significant impact on telcos across various jurisdictions. ...
07 August 2023 /regulation /identity Biometrics
Naomi Grossman Learning and Content Manager at VinciWorks
‘Rough Diamonds’, the recent television series that delves into the world of money laundering across Europe, depicts a world where criminals try to hide the illicit origins of their funds through different financial transactions. It involves the diamond industry in Antwerp, Albanian mobsters, London drug dealers, dirty money, and star-crossed love...
04 August 2023 /regulation /crime Exposing Financial Crime
Andrea Varga Head of Innovation at Aryza
The recent decision by the Bank of England to raise interest rates has sparked significant concerns and implications for homeowners, renters, and the overall lending landscape. With inflation remaining stubbornly high at 8.7% in May (according to the Office for National Statistics, more than four times the government's target), the 0.50 percentage ...
02 August 2023 /payments /regulation Digital Banking, Mortgages and Savings
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