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Latest /regulation expert opinions

Retired Member

Retired Member 

What Can we Learn from the FCA’s Fines in 2021?

The FCA had a busy year in 2021 as it sought to fight wars on several fronts against fraud, scams and anti-money laundering. Here’s what those actions can teach us… £568 million – that’s the level of fines levied by the FCA in 2021 according to its recent report. It reflects a busy year in which fraudulent behaviour has risen and companies have

/regulation /crime

Anna Monteiro

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Roundup of Q4 2021 Foreign Direct Investment Regulations

Changes and extensions to foreign direct investment rules in the fourth quarter of 2021 continued to be fueled by Covid-19 as the Omicron variant made its debut in November. A few countries, France, Italy, and Spain have extended their existing FDI restrictions that were put in place in 2020 as temporary measures through to 31 December 2022. France...

/regulation /markets Financial Services Regulation

Nickii Mallia

Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal

The most reliable asset in the compliance team is not who (or what) you think!

“I am confident and incredibly focused on my work. I can guarantee that I will never miss any kind of anomaly or issue within the compliance processes of your company. I will work tirelessly 24 by 7 and no matter how many new subjects you plan on on-boarding in the future, I can take it. I can assure you that I will identify expired documents way ...

/regulation /crime Operational Risk Management

Retired Member

Retired Member 

New Oil, Familiar Challenges — Answering GDPR Requests for Data

Data is the new oil, and that means that it requires supporting infrastructure for safe handling. In the same way that oil and gas facilities are subject to inspections to verify whether their equipment is fit for purpose, companies can receive requests — under the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act ...

/regulation /retail

Retired Member

Retired Member 

The FCA proposes a New Consumer Duty

Estimated reading time: 4 minutes In May 2021, the FCA published a consultation paper (CP21/13) on a “New Consumer Duty” in an attempt to stop consumers from being provided with misleading information, being provided with unsatisfactory support or buying products that are inappropriate or harmful. In its initial consultation, the FCA highlighted: ...

/regulation /retail Banking Regulations

Vaibhav Grover

Vaibhav Grover Senior Director at Sutherland

Is your transformation risk-proof?

This article is co-authored by Vaibhav Dubey, Priyanka Mishra, Suresh Thevar & Vaibhav Grover Banking continues to be in the forefront of driving digital and process transformation. Many banks are on a transformation journey when it comes to core banking or back-office operations. These journeys are initially focused on cost reduction, making e...

/regulation /retail Financial Risk Management

Carolyn Kostelny

Carolyn Kostelny Managing Partner and Chief of Staff at Quorsus

2022: A year of regulatory developments, possible deviations, and certain delays

While 2021 wasn’t the busiest of years in terms of regulatory reporting go-live implementation, important developments did take shape. Among the more important of these developments was the publication of a series of consultation papers and updates to regulatory and/or industry technical specifications, including ESMA’s draft guidelines for report...

/regulation /predictions Banking Regulations

Nick Green

Nick Green Director at Purple Patch Broking Ltd

BNPL data in 2022: What’s next for risk models and scores

With the number of online purchases using BNPL services growing at a rate of 39% per year, more and more lenders are starting to become concerned with high BNPL usage, and how that data will be included within risk models and scores. Against this backdrop, and with The Treasury set to close its consultation on the FCA’s regulation of the buy now pa...

/regulation /retail BNPL

Ankur Rawat

Ankur Rawat Director – Banking Products and Solutions at Newgen Software

Building Digital Trust for Customer Longevity: What’s the Secret Sauce?

by Ankur Rawat, Director of Banking Products and Solutions at Newgen It is no secret that trust is one of the pillars of customer relationships for organizations. But, how critical is it? According to a recent Deloitte Digital survey[1], while rational factors play a key role at the beginning and end of relationships, it is the emotional factors t...

/regulation /devops Banking Architecture

Will Marwick

Will Marwick CEO at IFX Payments

LOOKING AHEAD: 2022 Fintech Predictions and Reflections

2021 was the year of recovery and opportunity for many, following months of disruption caused by the pandemic. But whilst many industries have struggled to bounce back from the disruption, many Fintechs have managed to thrive in a somewhat hostile economic climate as a result of innovation, digital disruption, lucrative funding and a vision for ho...

/payments /regulation

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