4170 Results from /regulation
Robert Siciliano Security Analyst at Safr.me
Scammers tend to follow an editorial calendar much like journalists do. For example when the holiday season is coming journalists often write about bargains to be had while scammers use the season as an opportunity to try and entice users with deals that are “too good to be true.” This same practice is also used for high-value news items such as a...
28 August 2012 /security /regulation
Retired Member
Last week I argued that regulators need to get proactive if they are to reduce situations similar to that which engulfed Standard Chartered and those that are now threatening other major banks; in practice, something that is much easier said than done. In fairness to the banks, they are faced with huge compliance demands due to thousands of countr...
22 August 2012 /regulation /retail
Marc Murphy CEO at Fenergo
As we near summer’s end, many of us will be experiencing that old familiar “back to school” feeling, as we refocus our thoughts and plans towards the forthcoming term. In financial services, the focus will be very much on the imminent finalisation and arrival of new regulations – particularly FATCA. It’s true to say that most foreign financial ins...
22 August 2012 /regulation Data Management 101
Contactless payment, also known as NFC, or near field communication, is a technology that allows electronic devices to communicate wirelessly. In the case of a mobile wallet application, those devices would typically be a mobile phone and a point of sale terminal at a checkout counter. (NFC has other uses beyond credit card transactions: it can in...
21 August 2012 /security /regulation
Frequent fliers accustomed to traveling internationally for business are helping drive demand for EMV cards within the United States. Business travelers who have found it increasingly difficult to use their magnetic stripe cards while abroad are now requesting that American banks provide EMV, or chip and PIN cards, which are used more commonly in ...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
My husband's copy of British *adult* comic magazine Viz landed on our doorstep this weekend. (Whatcha gonna do? - at least he's not into football) In it is a wonderful two-page spread called 'Bankers! True-Life Heroes of our World' (Next week Somali Pirates) (I'd show you the comic but 1. copyright issues yadda yadda yadda and 2. while we are not a...
20 August 2012 /regulation Whatever...
Martin Bailey Technology Product Director at Temenos
When we recently bought a property, we had to engage the services of a solicitor in order to do the conveyancing. Part of the process involved a number of searches. A line of highly paid professionals formed at vast expense to give us their considered opinion on everything from the structural integrity of the property through to whether it was abo...
15 August 2012 /regulation Finance 2.0
With the public accusation of money laundering against Standard Chartered, and its subsequent settlement with the New York State Department of Financial Services, it got me thinking – how do the regulators ensure banks are playing by the rules? Without infinite resource at their disposal, regulators currently have to focus their attentions on a sel...
15 August 2012 /regulation
Gary Wright Analyst at BISS Research
Money laundering continues to be a scourge on financial services. Recent cases of some of biggest and most respected banks clearly demonstrate that as time goes by the risk of money laundering keeps increasing. Despite decades of measures and huge expenditure on anti-money laundering systems the figures show we are losing the battle. Indeed the si...
15 August 2012 /regulation Post-Trade Forum
Only 46% of banks are confident that their company has adequate risk management tools and processes, and that management follows risk management recommendations, as found by a recent Tower Watson survey. This article shows how to refine risk management mechanism and maintain risk management culture on a high level. Risk managers are treated as an ...
14 August 2012 /regulation /retail Financial Risk Management
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