Amir Tabakovic Co-Chair of AI and Data Privacy Expert Group at Mobey Forum
Those who closely follow the digital trends impacting financial services will surely remember that, not so long ago, cloud technology and artificial intelligence (AI) were widely touted as the technologies that would protect banks against the rising tide of fintechs, big techs, and the evolving expectations of customers. Several big promises were ...
14 March 2022 /payments /regulation Artificial Intelligence and Financial Services
Uldis Teraudkalns CEO at Nexpay
Compliance remains a huge headache for crypto operators and buyers. We simply have to get to grips with it in 2022. The picture was not pretty in 2021. Binance, the world’s biggest cryptocurrency exchange, was investigated by the U.S. Justice Department and Internal Revenue Service, trying to get to grips with potential money laundering. Authoritie...
09 March 2022 /regulation /crypto
Harriet Christie Chief Operating Officer at Mirrorweb
2021 was a major year for cryptocurrency. We witnessed all-time-highs and steep plummets, but one clear trend amongst the volatility is that public discussion on the topic reached hitherto unseen levels. This was fueled by such diverse factors as bitcoin upgrades, NFT artwork, China’s September ban, and Elon Musk’s SNL antics. The spotlight has c...
07 March 2022 /regulation /crypto Trends in Financial Services
Shane Rodgers CEO at PDX Coin
Recently the SEC issued a nearly 700-page plan that proposes re-defining Alternative Trading Systems (ATS). SEC commissioner Hester Peirce has called the plan “a Trojan Horse” aimed at driving out the crypto exchanges and decentralized finance communities. At the same time the White House is expected to issue a memorandum on crypto’s potential th...
04 March 2022 /regulation /crypto Fintech
Jonathan Wood CEO at C2 Cyber
High-profile scandals, such as the regulatory investigation into whether the DWS Group misled clients about sustainable investing, and Fundsmith being stripped of its ethical rating due to mis-selling, has raised concerns that some ESG funds are misleading. However, despite these headlines, a key challenge many investment firms face is sourcing r...
02 March 2022 /regulation /sustainable Sustainable compliance
Saloni Ramakrishna Author; Senior Director at Oracle
Well, the answer is obvious isn’t it – it is “EVERYBODY’s, you would say. There lies the difficulty. One of the first management lesson’s is never to make any job “everybody’s” as it has two risks inherently. Either it becomes everybody’s and nobody’s at the same time, resulting in an impasse or the boundaries and the gaps in-between one group to ...
28 February 2022 /regulation /sustainable Trends in Financial Services
Dexter Penn CEO at Kalgera
This week marks a year since the Financial Conduct Authority (FCA) issued guidance to financial institutions for the fair treatment of vulnerable customers. The aim of the guidance is to encourage banks and building societies to better understand the needs of vulnerable customers so that they can better serve them. Ahead of the anniversary, we con...
25 February 2022 /regulation /inclusion RegTech
Andrew Lawton Founder & CEO at Reskube Ltd
31st March 2022 represents an important regulatory deadline for financial services firms in the UK. Last March, the Bank of England and FCA released their Operational Resilience Policy Statement. It requires that, by this date, UK financial services companies must have demonstrated that they have identified their important business services, and a...
24 February 2022 /regulation Financial Services Regulation
Retired Member
A new payment regulation, Strong Customer Authentication (SCA), will soon be mandatory in the UK. In March 2022 this once-in-a-generation change will come into force for UK retailers, and bring with it the potential to massively disrupt an enterprise or to push an enterprise ahead. SCA will undoubtedly be a vital pillar of protection for merchants...
24 February 2022 /payments /regulation Business
Banks are on high alert for cyber attacks. The European Central Bank recently told them to prepare for possible Russian-sponsored cyber attacks as tensions with Ukraine increase. This follows a surge in ransomware attacks on banks, which rose 1,318% year on year in the first half of 2021, according to a report by Trend Micro. Further research by...
23 February 2022 /security /regulation Banking Regulations
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