4230 Results from /regulation
Tareq Shaheen Director of Payment Solutions at Eastnets
ISO 20022 significantly improves the quality of data across the payments ecosystem. It offers richer, structured, meaningful data and will enable new client experiences, while improving compliance and efficiency. And 2022 will be a big year for ISO 20022 adoption. As of November, SWIFT will enable ISO 20022 messages for cross-border payments and ca...
13 July 2022 /regulation
Anusha Sivaramakrishnan Consulting Partner at TCS
SEC Money Market Funds Regulation A perspective on the implications and challenges for the firms Overview The SEC has proposed key reforms to the regulatory framework governing the money market funds from 2016, which consists of amendments to Rule 2a-7 under the Investment co
13 July 2022 /regulation Capital Market Technology
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
Being that the UEFA Women’s Euro 2022 tournament is underway and Wimbledon has come to a close, I’ll devote this foreign direct investment roundup to the region. Plus, there have been quite a few announcements during Q2 so let’s get started. In Belgium, the government there has drafted legislation to establish a framework to screen foreign direct ...
12 July 2022 /regulation /markets Financial Services Regulation
Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
As London Fintech Week kicks off today, we are reminded of the important role the city plays in the global fintech industry. In fact, the UK fintech sector – much of it centred in London - has been going through something of a golden age in recent years, and the figures back this up. The UK registered a record year in annual fintech investment in ...
11 July 2022 /regulation /startups Innovation in Financial Services
Steve Morgan Banking Industry Market Lead at Pegasystems
It is not just interest rate changes and inflation banks have had to contend with so far this year – ensuring Know Your Customer compliance is up to date has had to be a key focus. Since the invasion of Ukraine on 24 February 2022, in just four months, there have been eight updates to the UK government’s guidance on the UK’s sanctions regime relat...
05 July 2022 /payments /regulation Digital Bank Transformation
John Bertrand MD at Tec 8 Limited
Scammers are after your money in your bank account and the latest UKFinance Fraud Report 2022* generated newspaper headlines below: “Britain is £3bn fraud capital of the world: Probe reveals 40m Britons have been targeted by scammers this year... but just 2% of our police are investigating the crime plague”** In fairness, bank fraud – Credit Cards,...
05 July 2022 /regulation /crime Innovation in Financial Services
Nish Kotecha Co-Founder & Chairman at Finboot
ABBA, one of the most successful bands in history performed in London recently. Agnetha, Björn, Benny and Anni-Frid looked real, authentic and amazing for their years. The crowds loved it. Regrettably, the singers were holograms created with weeks of performing on a stage in Stockholm, in front of hundreds of cameras collecting their every movemen...
05 July 2022 /regulation /crime Banking Regulations
Alex Laycy Solutions Architect at https://amdaris.com/
Fraud is widespread these days and not going away anytime soon. According to a recent industry report, 38% of UK retail sales will be done online by 2026. Moreover, by 2026 almost 40% of all retail chain sales will be online. Whilst this is good news for eCommerce businesses, it is also good news for online fraudsters, with payment fraud being an ...
04 July 2022 /payments /regulation Banking Strategy, Digital and Transformation
Luke Fossett Director, Australia and New Zealand Sales at GoCardless
A new payments system, PayTo, has just begun its rollout in Australia. Over the upcoming months, payment providers will be coming online, with all major banks committed to providing PayTo by March 2023. It’s important to remember that, although the introduction of PayTo is historic, there is still a lot to do behind the scenes before all of Austra...
04 July 2022 /payments /regulation Frictionless Payments
Frank Cummings CEO at AML Partners LLC
Expect a spike in Financial Crime. Here’s why and how you can prepare for it. Why expect a spike in financial crime? It’s the economy, of course. We are on the doorstep of recession, and it’s hard to imagine a gimmick or politician who can stop it now. For those of us who specialize in AML Compliance and related Risk, economic recession strongly ...
01 July 2022 /regulation /crime RegTech
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