Sheridon Glenn Global VP, Strategic Markets & Initiatives at Guidewire
The ripples from Amazon’s announcement that it was entering the UK insurance market with its own aggregator are still gently washing over the industry. I say ripples, because it was not quite the shockwave that some in the industry have been holding their breath for ever since Big Tech first turned its attention to the market. As to how this invol...
09 January 2023 /regulation Digital Insurance Trends
John Bertrand MD at Tec 8 Limited
As domestic payment fees 'go towards zero', how will PSP make any monies from the payments business, especially if the PSP is a non-bank1 and is OpenBanking an opportunity or challenge to PSPs? Taking a look at the PSP market size in the UK in 2022 was £11billion ($13Billon), 20,000 employees and 2,000 PSP(a) companies. The leaders: Worldpay, PayPa...
06 January 2023 /payments /regulation Mobile Financial Services (MFS)
Retired Member
While KYC and AML have been front of mind when it comes to compliance and the fight against fraud, anti-bribery and corruption compliance hasn’t been in the spotlight as much lately. However, that doesn’t mean you shouldn’t be paying close attention to it. Why is it important? Preventing bribery and corruption is a high priority for governments acr...
06 January 2023 /regulation /crime Banking Strategy, Digital and Transformation
Harriet Christie Chief Operating Officer at Mirrorweb
In September 2022, the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission (CTFC) reached settlements totalling around $1.8 billion with 12 of Wall Street’s leading investment banks. The prominent institutions, which included Morgan Stanley, Citigroup, Goldman Sachs and Bank of America, were penalized for failing to monit...
03 January 2023 /regulation /crime RegTech
Historically banks provided both banking and payment services. In the early days banks held the money in a vault and pay out the money at the branch or use the telegraph network to “wire money” to the client’s payee. Since 2015, eight years ago, the UK has seen half its bank branches (7,000) closed. COVID accelerated the use of online banking and ...
29 December 2022 /payments /regulation Fintech
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
In these dark days of brutal military aggression, it is important to find time to also look forward and discover new ways to make Europe more competitive and secure. The next phase of digitalization – the trusted data infrastructure based on Self-Sovereign Identity and MyData principles - is now an opportunity on an unprecedented scale. The impa...
29 December 2022 /regulation /identity Banking Strategy, Digital and Transformation
Uri Rivner CEO and Co-Founder at Refine Intelligence
It was seven years ago in the weekly update with the Data Science team. As Chief Cyber Officer and co-founder of behavioral biometrics company BioCatch, which specializes in online fraud detection, this was my favorite internal meeting: there were always some new tricks the fraudsters did which the team picked up on, and it was pure fun to learn
29 December 2022 /regulation /crime Digital Banking Trends
Mykyta Grechyna
According to the 2022 cryptocurrency market research conducted by Chainanalysis, Latin America is the second largest region of the world after the Middle East & North Africa for year-over-year cryptocurrency transactions volume growth rate, with Brazil, Argentina, Mexico, Colombia, and Honduras being most active countries in terms of transacti...
27 December 2022 /regulation /crypto Bitcoin payments
Omkar Nisal Managing Director UK & Ireland at Wipro Ltd
On September 24, 2020, the European Commission published the first drafted proposal for a Digital Operational Resilience Act (DORA) as part of the Digital Finance Package (DFP). The aim is to guide financial institutions through the complexities of crypto assets, blockchain technology, and digital operational resilience, as well as advising on a
21 December 2022 /security /regulation Banking Regulations
Stan Cowan
As more and more banks implement an omnichannel experience to serve their customers, it’s clear that fraud management needs to follow suit. Consider the limited scope of branches as digital transactions and applications become normalized. Or even digital and embedded lending services or multi-platform customer service options. All of these channel...
20 December 2022 /regulation /crime Transaction Fraud Systems and Analysis
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