4230 Results from /regulation
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 Managing 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
Jason Grasso Customer Risk Business Unit Leader at Pega
In talking with clients about their strategy around perpetual or event based know your customer (“KYC”) risk approaches there are two different groups: firms that have started implementing an event based KYC approach and those that have not but understand that they will need to in the future. Change and transformation is hard. Firms need to s...
20 September 2022 /regulation /crime Exposing Financial Crime
Chris Lewis Head of Solutions at Synectics Solutions
Compliance is costly. Know Your Customer (KYC) compliance in adherence with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations can account for anywhere between 3% and 30% of a bank’s total operational costs. In 2020 reports suggested that global spending on compliance topped $213 billion. And that figure could be conserv...
20 September 2022 /regulation /crime Data Management and Governance
Nick Green Director at Purple Patch Broking Ltd
As we enter a downturn, credit providers are confronted by a landscape that looks and feels very different from before. The real risk of global and national recessions means that net interest margins are wafer-thin. At the same time business as usual (BAU) costs are unusually high for banks and fintechs. From IT investments to the cost of utilitie
20 September 2022 /regulation /retail Fintech
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