4230 Results from /regulation
John Bertrand MD at Tec 8 Limited
Who should be liable for the monies being scammed out of bank accounts using faster payments? (Authorised Push Payment Fraud: APP Fraud) v Money scammed from bank accounts 2018 to 2021: £1,840 million v Money reimbursed to bank clients from 2018 to 2021: £ 660 million v Money lost to scammers: £1,180 million who reported the scam v Estim...
19 September 2022 /payments /regulation Banking Strategy, Digital and Transformation
Claus Christensen CEO at Know Your Customer
It is no exaggeration that SMEs are the backbone of the economy. According to the World Bank, SMEs represent about 90% of businesses and over 50% of employment worldwide. In Southeast Asia specifically, SMEs account for up to 99% of all companies. However, many small and micro businesses still struggle to access the financial products that cou...
15 September 2022 /regulation /inclusion Financial Inclusion
Retired Member
Recently, there was a lot of buzz around how the RBI has found four viable products for cross-border payments under its regulatory sandbox. Many of our readers and colleagues didn’t know/hadn’t heard of ‘Regulatory Sandbox. In this blog, we deconstruct what a regulatory sandbox is and how it shapes the disruption in the traditional financial secto...
15 September 2022 /payments /regulation Banking Regulations
Harriet Christie Chief Operating Officer at Mirrorweb
The U.S. Securities and Exchange Commission’s (SEC’s) Marketing Rule was approved in December 2020 and came into effect on May 4, 2021. From that point, Registered Investment Advisers (RIAs) have had an 18-month transition period — until November 4, 2022— to fully adhere to its updated regulations. This article will delve into how and why it has ...
14 September 2022 /regulation Financial Services Regulation
Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
Open Banking is steadily penetrating most of the world’s regions and MENA is no exception. With the majority of the region’s population being young and demonstrating one of the highest rates of smartphone usage globally, saying that this region is more than ready to fully welcome Open Banking sounds like an understatement. The last couple of year...
14 September 2022 /regulation /markets Online Banking
With an announced crisis on the horizon, why are companies investing in RegTech? Cost-of-living crisis, uncertainty in the Fintech and Crypto spaces, ongoing war, political instability. These current buzzwords are nothing short of scary. They were certainly not what we were hoping for after the COVID-19 hurricane took us by surprise and soared the...
13 September 2022 /regulation /predictions Banking Strategy, Digital and Transformation
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
The European Banking Authority’s (EBA) final regulatory products with respect to the Investment Firms Directive (IFD) published on 21 July 2022 are expected to harmonise the supervisory practices regarding the supervisory review and evaluation process (SREP) of investment firms. The new regime spans a broad range of prudential areas ranging from c...
13 September 2022 /regulation Financial Services Regulation
Barley Laing UK Managing Director at Melissa
The war in Ukraine has triggered a proliferation in sanctions against leading politicians, businesspeople and entities in both Russia and Belarus. It has left many in financial services struggling to keep up with the large number of sanctions announced by the territories they operate in, which they are legally required to adhere to. Failing to prop...
12 September 2022 /regulation /identity Digital Identity Management
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Blog nbr 400. The benefits of moving faster to a Data-driven Economy are clear. The mission in short: better service, mega-shift in productivity, sustainability through less waste and CO2, fact-based decisions, true single European market, global transparency and the end of grey economy. Without banks taking more responsibility and politicians r...
07 September 2022 /payments /regulation Innovation in Financial Services
Katie Hunter Senior Marketing Manager at Aveni
The Consumer Duty final guidance comes with big requirements for evidence. Firms will need to deploy advanced data-driven technology solutions to meet the regulator’s data-focused demands, ultimately adapting their approach and processes in order to comply. As well as regulatory compliance, applying the right technology has the additional benefit ...
07 September 2022 /regulation RegTech
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