4229 Results from /regulation
Iain Swaine Director EMEA, Global Advisory at BioCatch
Iain Swaine, Global Advisory Director EMEA, BioCatch and Katie McKenzie, Engagement Manager EMEA, BioCatch The financial industry is preparing itself for a surge in Authorised Push Payment (APP) scam reimbursements. Why? Because the statistics speak for themselves. In the UK alone, APP scams cost consumers close to £250 million in the first half of...
04 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Ray Connolly Sales Director at Regtick
As the world becomes increasingly aware of the importance of environmental, social, and governance (ESG) issues, it is clear that ESG is no longer just a buzzword or a passing trend. Instead, it is a fundamental aspect of modern business and a key driver of long-term value creation. One of the key reasons for the growing importance of ESG is the ...
04 April 2023 /regulation /sustainable Sustainable compliance
Stan Cowan
Having a strong KYC and KYB program is vital for FIs to fight fraud and risk. And now, this is becoming less of an option. In an effort to combat financial crimes such as money laundering and terrorist financing, new beneficial ownership rules have been implemented for deposit accounts at financial institutions (FIs). These rules require FIs to id...
03 April 2023 /regulation /identity RegTech
Pavel Melnichenko CTO at AIROME Technologies
How simple is it in reality? FIDO2 is a remarkable project that has been driven by IT industry giants all over the world for several years now. Describing what exactly the project is in a concise manner is rather difficult since the FIDO Alliance (the organisation that is developing and promoting the project) is seeking to encompass lots of possib...
03 April 2023 /regulation /identity Banking Strategy, Digital and Transformation
Marc Smith Founder and CTO at Conpend
Navigating complex, overlapping sanctions is placing renewed pressure on banks’ compliance operations and putting the trade finance industry to the test – again. Marc Smith, founder and CTO at Conpend, shares frontline insights on the current sanctions environment, the impact on trade finance, and the innovative digital solutions that are taking o...
03 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Retired Member
Introduction We bid farewell to 2022 with a Christmas present from the Chancellor where he announced and reinforced a spate of new and on-going initiatives for the financial services sector. Continuing with the momentum, the first quarter of the 2023 has been buzzing with regulatory updates around Conduct, Digital Payments, Re-alignment of EU re...
30 March 2023 /regulation /markets Banking Regulations
Jason Grasso Customer Risk Business Unit Leader at Pega
In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their financial crimes prevention processes. Given that executives are under pressure to reduce costs while managing risk a very logical question to finan...
30 March 2023 /regulation /crime Banking
In the middle of the great financial crisis I remember listening to Bill Mott, one of the leading fund managers at the time, discussing the challenging task central banks had ahead of them. He called it the “biggest financial experiment in history” and related the challenge to pulling a brick with a piece of elastic. There is some effort required...
30 March 2023 /regulation /wealth Banking Strategy, Digital and Transformation
AI is skyrocketing (again) while the panic is all around in the Financial Services Industry God knows what the next economic storm is going to be; along with the rise of digital banking, and the increasing complexity of financial transactions, the banks are struggling to keep up with the pace so it won’t go belly up. The question in thought lea
28 March 2023 /regulation /predictions Analytics in Banking
Steve Morgan Banking Industry Market Lead at Pegasystems
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...
28 March 2023 /payments /regulation Digital Banking
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