Steve Morgan Banking Industry Market Lead at Pegasystems
A year ago, the Financial Conduct Authority (FCA) introduced the Consumer Duty standards, a set of rules which aimed to improve and increase consumer protection for the financial sector. These required banks and other financial services firms to prioritise their customers and offer them products and services with transparency and fairness. Failure...
31 July 2024 /regulation Financial Services Regulation
Rinesh Patel Global Head of Industry, Financial Services at Snowflake
The Digital Operational Resilience Act (DORA) is set to come into force on the 17th of January 2025, aiming to strengthen the resilience of financial institutions against ICT-related incidents in five key areas: ICT risk management, ICT-related incident management, digital operational resilience testing, ICT third-party risk management and informa...
29 July 2024 /regulation Financial Services Regulation
Anna Antimiichuk Head of Communications at Corlytics
Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally obtained funds, according to the latest money laundering and cryptocurrency report from Chainalysis, a blockchain analysis firm. This pattern of increasing money laundering cases, also those that are driven by the widespread use of cryptocurr...
26 July 2024 /regulation /inclusion Blockchain in Banking and Financial Services
Erica Andersen Marketing at smartR AI
As someone who's been following the AI industry closely, I have to say the new European Union AI Act has really caught my attention. It's a beast of a document; 458 pages and 113 articles! When I first heard about it, I thought, "Well, there goes my weekend reading." But jokes aside, this is a big deal, folks. It's probably the most amb
25 July 2024 /ai /regulation Artificial Intelligence
Carlo R.W. De Meijer Owner and Economist at MIFSA
On June 30, new strict rules for stablecoin issuers went into effect across the European Union under the bloc’s Market in Crypto Asset (MiCA) regulation. This impending regulation represents a major change in the regulatory framework for stablecoins within Europe. In this blog we will go into more detail what this new regulation entails in terms
24 July 2024 /regulation /crypto Blockchain Observations
Andrew Stevens Global banking and financial services specialist at Quadient
Over the past year, the financial sector has been adjusting to a new regulatory environment. On July 31, 2023, the Financial Conduct Authority (FCA) introduced new Consumer Duty rules that obligate financial institutions to communicate complex financial information to consumers in a comprehensible way. The rules aim to increase the standard of care...
23 July 2024 /regulation /retail Banking
Mark Nutt Senior Vice President, International Sales at Veritas
For businesses operating in the financial services (FS) arena, data has never been more important than it is today. When leveraged effectively, data holds the key to increased profit, boosted productivity, and improved customer service. Conversely – as we have seen with recent global disruption to the financial sector and may other verticals relia...
23 July 2024 /security /regulation Financial Services Regulation
Blythe Barber Head of Business Development, Americas at Droit
The next 8 months will see significant changes to the regulatory reporting framework for financial institutions globally. Rewrites of the Japanese Financial Services Agency (JFSA) reporting regulation and the European Market Infrastructure Regulation (EMIR) refit have recently been introduced, with the EMIR equivalent from the UK’s Financial Condu...
22 July 2024 /regulation Regulatory Reporting
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Data - and lately especially verified data - has for many years been a top priority in national and EU priorities. What the EU Trust Infrastructure's already de-facto EUDI-interoperable wallets mean in terms of benefits for all parties (with small investments) should be properly evaluated in all member state digital strategies - and then lead to c...
18 July 2024 /regulation /identity Innovation in Financial Services
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
In the rapidly evolving financial landscape, implementing a robust KYC/AML platform is paramount for financial institutions. Effective processes not only ensure regulatory compliance but also enhance customer experience and streamline operations. This blog outlines the steps for a successful KYC/AML platform implementation, addresses common challe...
17 July 2024 /regulation /crime RegTech
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