Retired Member
In the UK, fraud has become a significant concern, to the point where it has been reclassified as a threat to national security, elevating its status to that of terrorism. This highlights the importance of addressing fraud and its associated risks. Among the individuals most susceptible to fraud are politically exposed persons (PEPs) due to their ...
20 July 2023 /regulation /identity Banking Strategy, Digital and Transformation
Farouk Ferchichi Group President, Envestnet Data and Analytics at Envestnet
As the Consumer Financial Protection Bureau (CFPB) finalizes its Dodd-Frank Section 1033 rulemaking, the U.S. is on the brink of establishing an open banking ecosystem. While some smaller community and regional banks may perceive this as a compliance challenge, Envestnet recognizes the significant value a customer-centric open banking framework wi...
18 July 2023 /regulation /retail Open Banking
Naina Rajgopalan Content Head at Freo
The United States stock market is thriving, presenting a unique opportunity for European investors to access top-performing American companies. Investing in US stocks from Europe can be intimidating, but the potential rewards are well worth the effort. In this article, we'll provide you with a comprehensive guide to investing in US stocks. We'll c...
17 July 2023 /regulation /inclusion Fintech
John Bertrand MD at Tec 8 Limited
Under the new ruling, when a bank receives a valid payment request with no room for interpretation or choice, the bank must execute the order. That means if the owner of the bank account authorises a clear payment instruction to the bank it has to be paid. The emphasis is clearly on the payer knowing the payee. In 2022 UK APP fraud was £500 milli...
16 July 2023 /payments /regulation Banking Strategy, Digital and Transformation
Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech
As more banks concentrate on digital transformation to power growth and operational efficiency, the opportunity to simultaneously leverage technology to mitigate risk and promote transparency - particularly via RegTech solutions, is continuing to increase in relevance globally. This is a topic that I discussed as part of a panel of industry exper...
14 July 2023 /regulation /wholesale RegTech
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
With the Consultation Paper on Technical Standards for the Markets in Crypto Assets Regulation (MiCA), the European Securities and Markets Authority (ESMA) aims to collect views, comments, and opinions from stakeholders and market participants on the appropriate implementation of the regulation. The paper comprising the "1st package" cov...
14 July 2023 /regulation /crypto Cryptocurrency Insights
Barley Laing UK Managing Director at Melissa
Speeding up business processes and tasks is something evolving software-as-a-service (SaaS) has been instrumental in delivering. Today, as SaaS reaches maturity, it offers great value to those in financial services to improve the way they operate. Efficient, cost effective and easy to deploy Due to SaaS tools being able to be accessed instantly thr...
14 July 2023 /regulation /identity Banking Strategy, Digital and Transformation
Flavia Sales Marketing Manager at Finboot
We are living in a crucial moment for the planet. The climate crisis, once seen as a distant threat, is now a palpable reality. On August 2, called "Earth Overshoot Day", we reached the limit of natural resources use that the Earth can regenerate in a year. According to the Global Footprint Network, we are consuming resources as if we ha...
13 July 2023 /regulation /sustainable Capital Market Technology
Mike Dean
In the last 12 months, HMRC have made changes to the R&D tax relief scheme in a bid to eradicate the malpractice that has developed within the R&D tax sector. While this extra scrutiny is welcome in a market that has, without any doubt, experienced problems due to a few bad apples, this shift in HMRC’s behaviour has caused some ripples to ...
13 July 2023 /regulation Fintech
Steven Rackham CTO for Financial Services at NetApp
As one of the largest financial services events, it was great being able to attend Money 20/20 in Amsterdam this year. My first time at an event that started in 2012, that hosts over 20,000 people across 3 locations with sessions ranging from fintechs, traditional banks, IT companies and regulators, my expectations were to really get a feel for th...
12 July 2023 /regulation Banking
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