Adam Lieberman Chief AI Officer at Finastra
Data is the most valuable resource we have today when it comes to solving our greatest challenges. With the right data, and enough of it, there is no limit to the compelling use cases we can create. Imagine a world where we could stop financial crimes like money laundering, help reduce the number of deaths due to breast cancer, and more accurately...
10 October 2022 /regulation /cloud Data sharing
Bob Lyddon Consultant at Lyddon Consulting Services
On 6th October 2022 the PSR published its Final Decisions under reference PS22/2 on its ‘work’ on Card-acquiring market remedies, a major and multi-year programme on the costs for UK merchants of accepting payments by card, which primarily means cards branded to Visa and Mastercard. The PSR’s ‘remedies’ fall below the lowest expectations of what c...
09 October 2022 /payments /regulation
Luke Firmin
Sanctions are a massively complex area. But all too often, financial institutions think sanctions adherence is fairly straightforward – it’s just checking a list to ensure an individual or company doesn’t appear on it, right? Wrong. Sanctions are far more multi-dimensional and nuanced than that. The UK implements a range of sanctions regimes throug...
05 October 2022 /regulation /crime Banking Regulations
Steve Pomfret CEO at Cygnetise
Financial services companies are at the forefront of recognising the benefits of digital document execution. Ensuring regulatory compliance and optimising efficiency means they require far more than just e-signature platforms though The Covid-19 pandemic put rocket fuel on the shift to electronic document execution. Since then, recognition of the b...
05 October 2022 /regulation Banking Strategy, Digital and Transformation
David Benigson CEO and Founder at Signal AI
The financial compliance world always seems to be perpetually speeding up. But with the last three years precipitating a digital transformation push like the world has never seen, the perpetually influx compliance industry has become even more hectic than usual. Financial businesses today simply do not function the way that they used to. And while...
04 October 2022 /regulation Artificial Intelligence and Financial Services
Retired Member
A quiet revolution has been taking place at the Financial Conduct Authority (FCA). It’s called Consumer Duty. In a campaign to become (in its own words) more ‘assertive and data-led’, the UK regulator has launched Consumer Duty - a set of rules and principles that 60,000 UK financial services companies will be required to follow to ‘fundamentally ...
04 October 2022 /regulation /inclusion Banking Strategy, Digital and Transformation
Rajeev Verma Consultant at Tata Consultancy Services Ltd
Introduction: Climate risk is now categorized as one of the important elements in the strategic discussion among the Chief Risk Officers (CROs) in the banking industry. Financial regulators across major markets are taking steps to ensure banks manage the credit risk associated with adverse climate changes. Banks buckets the climate risk into ...
29 September 2022 /regulation /retail Climate Risk
Mykyta Grechyna
On 16 September 2022, the White House has published draft of the regulation framework for the cryptocurrency industry. It was a result of President Biden's executive order directing the US governmental agencies to coordinate their efforts in regulating cryptocurrency sector. The key goals behind the regulation included adoption of consumer protect...
27 September 2022 /regulation /crypto Banking Strategy, Digital and Transformation
Steve Dourdil Business Development at Kerv Collaborate
If you work in financial services, chances are your organisation has some form of mobile recording solution in place. Although certain firms don’t necessarily have a regulatory requirement to record mobile communications, many choose to anyway as a matter of best practice. For a large percentage of firms though, recording of mobile calls and texts...
23 September 2022 /regulation /wealth Financial Risk Management
Amit Gupta Director at Matrix-IFS
Digitalization and Open Banking are two most prominent trends in banking industry in recent time. While the former was initiated by changing customer behavior, the latter was driven by regulatory and market forces. Open Banking is a new kid on the block with a lot of promise and fanfare, but it can present new challenges for financial services. Rat...
22 September 2022 /regulation /crime Open Banking
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