4230 Results from /regulation
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
John Bertrand MD at Tec 8 Limited
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
Siamac Rezaiezadeh VP Product Marketing and Insights at GoCardless
We may be just a few short weeks away from the end of the year, but things are far from slowing down. In fact, this week centres around the latest abbreviations in the open banking world - SWG and JROC. Back in March HM Treasury, Competition and Market Authority, Financial Conduct Authority and Payment Systems Regulator released a statement announc...
20 December 2022 /payments /regulation Open Banking
Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
The fintech revolution has become a linchpin in helping financial institutions drive innovation, as both continue to coexist in a competitive landscape. The industry has moved beyond speculative theory of the impact of fintechs to practical application of fintech solutions to modernize and grow. Fintechs have disrupted the value chain from payment...
19 December 2022 /regulation /predictions Fintech
Retired Member
Innovation is enabling new types of payments and creating a truly dynamic ecosystem. Yet in order to create a market where new schemes like account-to-account payments can compete, regulation must play a central role. Payments modernisation is a hot topic right now—and for good reason. New and innovative digital payment technologies and instruments...
16 December 2022 /payments /regulation Fintech
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