Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
Any compliance officer will tell you that financial safety is the first benefit associated with regulatory compliance. Compliance officers are requested to issue reports to ensure they’re complying with the industry standards, laws, rules, and regulations set by government agencies and regulatory bodies, no matter the industry or company size. It ...
11 January 2022 /regulation /crime Operational Risk Management
Harriet Christie Chief Operating Officer at Mirrorweb
On July 22nd, FINRA CEO Robert Cook revealed that a sweep related to financial services influencers ‘is coming’. It eventually arrived in September, hot on the heels of the SEC requesting comment on the ‘digital engagement practices’ used by investment advisers and broker-dealers. The SEC was most interested in how tools are used that appeal to in...
07 January 2022 /regulation /people Trends in Financial Services
Customers are at the centre of any business, yet very few firms truly understand who their customers are. It is known that one of the biggest challenges in this industry is the ability to identify the uniqueness of human beings, therefore having the lack of a Single Customer View (SCV) within your database. Without a SCV and real-time insights, or...
07 January 2022 /regulation /crime Operational Risk Management
Retired Member
2021 has been a year of two halves – the first we were all dealing with life under lockdown. And the second half, supercharged with the vaccine programme, has seen life trying to get back to normal. But whatever the conditions, financial criminals have carried on regardless, capitalising on pandemic conditions and our increasing reliance on techno...
06 January 2022 /regulation /crime Financial Transformation
In today’s world it is vital to adopt a continuous KYC (cKYC) approach rather than the inefficient costly periodic client reviews and remediation projects, to understand your customers' risk profile throughout their relationship or lifecycle. From the point a prospect approaches an organisation to be on-boarded as a customer and during the customer...
05 January 2022 /regulation /crime Operational Risk Management
Anil Karmel Co-Founder and CEO at RegScale
As you consider your company’s compliance processes, do the words speed or real-time come to mind? If your organization is like most, they probably do not. Without finger pointing or complaining, let’s face it - the common ways companies manage compliance (Excel spreadsheets and Word documents) were not designed to keep up with the speed at which ...
03 January 2022 /regulation /devops RegTech
Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank
Its not uncommon in the world of finance for accountants to encounter challenges related to an evolving discipline for which no accounting standard would have explicitly existed earlier. One example is in the manner how the world of tokens or cryptocurrencies is evolving as no accounting standard currently exists to explain how this asset class sh...
25 December 2021 /regulation /crypto Blockchain in Banking and Financial Services
“Only Fools will believe something that's not available in hand as currency” most of the people’s mindset about the cryptos currency until 2014, but right after Bitcoin showed the world what is the real potential, here started the evolution of such cryptocurrency, Many new coins launched and the finest technology or innovation of the crypto era be...
23 December 2021 /regulation /crypto Blockchain Observations
Dexter Penn CEO at Kalgera
As Christmas Day fast approaches, many of us will be frantically last-minute shopping to ensure a Christmas to remember, not least after last year’s lockdown Christmas. Typically, UK households spend around £740 more than normal during the month of December, according to the Bank of England. While this is good news for the economy, it’s not so goo...
22 December 2021 /regulation /crime Financial Inclusion
Robert Prigge CEO at Jumio
According to UK Finance, there was an 84% surge in “impersonation scams” at the start of the pandemic as fraudsters looked for ways to capitalise on COVID-19. With our financial lives now heavily online, accelerated by the pandemic and 100 bank branches shutting every month across the UK, financial organisations are under increased pressure to ke...
21 December 2021 /regulation /identity Information Security
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