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Latest /regulation expert opinions

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

Are CBDCs the future of money and the end of banking as we know it?

In recent years, the world has witnessed a significant shift in the way payments are made. With the rise of digital transactions, more and more countries are exploring the possibility of introducing their own Central Bank Digital Currency (CBDC) and the UK is no exception. First, let's define what a CBDC is. Simply put, it's a digital form of a co...

/payments /regulation Digital Banking

Marco Eeman

Marco Eeman General Manager Europe at Billtrust

Preparation is everything as e-invoicing reforms sweep across Europe

Global changes to e-invoicing rules have been on the cards for years. In Europe, France, Belgium and Germany are among the countries who have detailed their intentions, but there are changes afoot worldwide. Now is the time for companies to take stock of what is coming and how it will impact their business. Why now? In the EU, the changes are bei...

/payments /regulation

Brad Goodall

Brad Goodall CEO at BANKED

What must happen to get Open Banking done right in the UK and Europe?

While Open Banking has been a game-changer for the UK’s financial services sector, the rest of Europe has yet to fully embrace this concept in the same way. This has resulted in a lack of consistency in implementation and a range of challenges that need to be addressed. Innovate Finance, the industry body representing UK FinTech, in partnership wi...

/payments /regulation Open Banking

Pulkit Giria

Pulkit Giria Functional Consultant at Tata Consultancy Services

How can marketers manage consent and preferences of the customers to enhance personalization?

Today, financial services marketers are facing great challenges with recent laws and increased customer sensitivity around data privacy while communicating with their customers across channels. Any communication that can identify an individual can be shared only if there is explicit consent from the person and effective security controls. It is ve...

/security /regulation Marketing in Financial Services

Retired Member

Retired Member 

Consumer Duty: Five questions to test your organisation’s preparedness

As the first quarter of 2023 draws to a close, Financial Services Institutions (FSIs) are one step closer to needing to demonstrate compliance with the Financial Conduct Authority’s (FCA) Consumer Duty. Coming into force for most FSIs on 31 July 2023 (or 30 April for manufacturers and investment businesses that produce, issue, design or build fina...

/regulation /retail Financial Services Regulation

John Bertrand

John Bertrand MD at Tec 8 Limited

Association of Corporate Treasures (ACT) March 23 Cash Management Conference

The ACT Cash Management conference held in London last week was a well attended, outstanding event covering many issues facing the Corporate Treasures, banks and our selves in these uncertain times. What was clear, real time information and transactions are now a strong driver in business. The arrival of the New Payment Architecture (NPA) in the U...

/payments /regulation Treasury Management

Nevan McBride

Nevan McBride Risk Practice Director at Jaywing Risk

Consumer Duty: How data and modelling can detect and prevent consumer vulnerability

The final rules and guidance for a new Consumer Duty, published by the FCA in a policy statement in July 2022, set higher and clearer standards of consumer protection across financial services, and requires firms to put their customers’ needs first. The rules require firms to consider the needs, characteristics and objectives of their customers – ...

/regulation Banking Regulations

Last Feremenga

Last Feremenga Director of Applied AI Research at Saifr

ChatGPT and its successors still need a helping hand

Last November ChatGPT, a chatbot developed by the research lab OpenAI, reached the million-subscriber mark just a week after its launch. I could not resist the allure and signed up. When I asked the bot to write a blog for a company executive on the future of crypto markets, I was impressed with the results. The response recognized current specula...

/regulation /markets Artificial Intelligence and Financial Services

Vall Hèrard

Vall Hèrard CEO and Co-founder at Saifr™

The illusion of explainability in machine learning models

In a global report issued by S&P, 95% of enterprises across various industries said that Artificial Intelligence (AI) adoption is an important part of their digital transformation journey. We’re seeing expanded interest in the adoption of AI for many reasons, including lowering costs, increasing sales, and improving worker productivity. At the...

/regulation /markets Artificial Intelligence and Financial Services

Nick Green

Nick Green Director at Purple Patch Broking Ltd

3 Emerging Data Challenges in Credit Management (According to McKinsey)

In recent years, financial institutions have increased their adoption of data and new technologies to manage credit portfolios. In fact, McKinsey’s recent survey of financial institutions says there is significant progress in using new data and techniques for credit portfolio management. But it also shines a spotlight on the challenges that remai...

/regulation /retail Financial Risk Management

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