Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
At the end of November, The Central Bank of Jordan (CBJ) issued instructions governing Open Finance services by all banks operating in the Kingdom, as well as online payment and money transfer companies subject to the bank's supervision and control, marking the new era of enhanced, seamless, and enjoyable financial experiences. The last couple of ...
17 January 2023 /payments /regulation Online Banking
Harriet Christie Chief Operating Officer at Mirrorweb
Across all sectors, organizations are steadily publishing more and more content online. This has become even more prominent post-pandemic, as the global community shifted online to overcome the physical limitations placed upon them by lockdown. Websites are used to sell products and services to clients, to publish and share sales and marketing mat...
16 January 2023 /regulation /startups RegTech
Anna Becker CEO and Co-founder at EndoTech
After perpetrating what appears to be one of the biggest Ponzi schemes of all time – out-Madoffing Madoff, as it were – Sam Bankman Fried has been arrested, indicted and will likely serve time. And thank goodness for that. SBF was just the most prominent huckster who took advantage of eager investors in new technology. His criminality, however, sho...
16 January 2023 /regulation /crypto Artificial Intelligence and Financial Services
Simon Gilbert Founder at Elmore
Insurance is based on the sound principle that underwriters should cover only acceptable and clearly understood risks. Following last year’s challenges in the crypto world, crypto exchange insurers are increasingly focusing on more rigorous controls in this fast-moving and dynamic space. One thing is certain: crypto exchanges with a transparent an...
13 January 2023 /regulation /crypto Finextra site news
Stan Cowan
It is becoming increasingly harder to delineate between fraud risk and compliance risk. The speed with which identity fraudsters and money launderers move to exploit gaps within financial crime risk management systems has increased due to the race toward greater digitalization and increasing service expectations from consumers. And community bank...
12 January 2023 /regulation /crime Financial Risk Management
Stuart Smith Head of Business Development at Acadia
In recent years, the financial industry has embraced the power of big data to gain valuable insights and drive better decision making. From identifying market trends and creating quantitative trading strategies to detecting fraud and managing risk, big data has become an indispensable tool for finance professionals. One of the key challenges of ...
10 January 2023 /payments /regulation
Ray Connolly Sales Director at Regtick
A compliance officer's journey towards ensuring regulatory compliance is challenging and fraught with obstacles. In today's world of constant change, new and amended regulations are introduced frequently on top of the constant pressure to reduce costs while increasing efficiencies. The Chief Compliance Officer (CCO) has the responsibility to ens...
10 January 2023 /regulation
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
It was a busy fourth quarter for regulations concerning foreign direct investment. It seems that not all were watching the World Cup. Several jurisdictions issued consultations concerning qualified holdings and investment screening: EU ECB – issued consultation (now closed) on a draft Guide which aims to increase transparency by clarifying the ECB...
09 January 2023 /regulation /markets Financial Services Regulation
Gilbert Verdian Founder and CEO at Quant
Blockchain use cases abounded in 2022, but we’ve only scratched the surface of what this transformative technology can help achieve. What’s coming down the track in 2023 for the interplay between distributed ledger technology (DLT) and the financial services sector? 1. There will be agreement that the unregulated crypto experiment has failed ...
09 January 2023 /regulation /wholesale
Cristian Gheorghita Director of Sales at Fintech Galaxy
A few years since Open Banking took off in Bahrain, the local community is yet to witness a plethora of use cases built on top of Open Banking capabilities. Bahrain has been leading the financial services’ transformation in the MENA region, especially when it comes to regulating the participants’ interaction under the Open Banking umbrella. The Bah...
09 January 2023 /payments /regulation Open Banking
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