4459 Results from /regulation
Ellora Roy Senior Manager, Banking & Financial Services, UK&I at Cognizant
With the implementation plans submitted, initial feedback provided, and sector specific guidance letters issued by the FCA - firms are now scrambling to meet the new Consumer Duty [the Duty] rules by the deadline of 31st July ’23. Will all of this be done by then? The answer is a reverberating no. And the scale of work is the least of the reasons...
05 April 2023 /regulation /retail Banking Regulations
Retired Member
When it comes to credit risk monitoring, many banks find themselves falling behind the regulatory expectations. Regulators are expecting banks to take a more proactive approach, using forward-looking data and deploying a broader set of indicators in their early warning systems (EWS). The European Banking Authority (EBA) guidelines on loan originat...
05 April 2023 /regulation /devops Banking Strategy, Digital and Transformation
Nick Stephens Commercial Lead & Head Of Enterprise Partnership at Amdaris
Fintech is an incredibly complex sector. And with complexity comes challenges. One of the core challenges is that fintech companies have to deal with – and integrate – a variety of different systems. This makes the development of applications harder than in other sectors. However, the need is still there with new research demonstrating that Fintec...
05 April 2023 /regulation /inclusion Fintech
Iain Swaine Director EMEA, Global Advisory at BioCatch
Iain Swaine, Global Advisory Director EMEA, BioCatch and Katie McKenzie, Engagement Manager EMEA, BioCatch The financial industry is preparing itself for a surge in Authorised Push Payment (APP) scam reimbursements. Why? Because the statistics speak for themselves. In the UK alone, APP scams cost consumers close to £250 million in the first half of...
04 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Ray Connolly Vice President of Sales at SQL Power Group
As the world becomes increasingly aware of the importance of environmental, social, and governance (ESG) issues, it is clear that ESG is no longer just a buzzword or a passing trend. Instead, it is a fundamental aspect of modern business and a key driver of long-term value creation. One of the key reasons for the growing importance of ESG is the ...
04 April 2023 /regulation /sustainable Sustainable compliance
Stan Cowan
Having a strong KYC and KYB program is vital for FIs to fight fraud and risk. And now, this is becoming less of an option. In an effort to combat financial crimes such as money laundering and terrorist financing, new beneficial ownership rules have been implemented for deposit accounts at financial institutions (FIs). These rules require FIs to id...
03 April 2023 /regulation /identity RegTech
How simple is it in reality? FIDO2 is a remarkable project that has been driven by IT industry giants all over the world for several years now. Describing what exactly the project is in a concise manner is rather difficult since the FIDO Alliance (the organisation that is developing and promoting the project) is seeking to encompass lots of possib...
03 April 2023 /regulation /identity Banking Strategy, Digital and Transformation
Marc Smith Founder and CTO at Conpend
Navigating complex, overlapping sanctions is placing renewed pressure on banks’ compliance operations and putting the trade finance industry to the test – again. Marc Smith, founder and CTO at Conpend, shares frontline insights on the current sanctions environment, the impact on trade finance, and the innovative digital solutions that are taking o...
03 April 2023 /regulation /crime Artificial Intelligence and Financial Services
Introduction We bid farewell to 2022 with a Christmas present from the Chancellor where he announced and reinforced a spate of new and on-going initiatives for the financial services sector. Continuing with the momentum, the first quarter of the 2023 has been buzzing with regulatory updates around Conduct, Digital Payments, Re-alignment of EU re...
30 March 2023 /regulation /markets Banking Regulations
In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their financial crimes prevention processes. Given that executives are under pressure to reduce costs while managing risk a very logical question to finan...
30 March 2023 /regulation /crime Banking
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