Gabriel Hopkins Chief Product Officer at Ripjar
With the constant barrage of news related to Covid-19, it is sometimes easy to forget about the complex geo-political world we live in and the difficult and seemingly intractable problems that fill it. One reminder of those complex problems came in late November with the inclusion of Turkey on the Financial Action Task Force (FATF) greylist along...
15 December 2021 /regulation /crime RegTech
Barley Laing UK Managing Director at Melissa
Address verification is often viewed simply as a practice that improves the accuracy of direct mail. However, it offers much more than that to the financial services industry that’s facing a number of challenges in 2022. Improve the customer experience and reduce cost with communications The financial services industry is a major user of direct mai...
14 December 2021 /regulation /identity Digital Identity Management
Uldis Teraudkalns CEO at Nexpay
Thirteen years ago, an anonymous person or entity named Satoshi Nakamoto published the iconic Bitcoin whitepaper. The whitepaper, which comprised only nine pages, contained enough to change the world, and crypto currencies have since moved from an obscure curiosity to the mainstream. The total market value of all the crypto assets surpassed $2 tri...
13 December 2021 /regulation /crypto
Donal Gallagher President - Quaternion Expert Services at Acadia
For the global finance industry, changes in the business environment have created tremendous opportunities and unique challenges. The advent and broad adoption of cloud computing technology has allowed for data to be captured more easily than in the past. And the rapid increase in computing power combined with the reduction in cost has made proces...
10 December 2021 /regulation
Torben Sauer Chief Executive Officer at Conpend
Trade finance supports the movement of goods around the world. It is underpinned by a parallel exchange and review of documents, from letters of credit to bills of lading. While some parts of the supply chain have embraced digitalisation, many stakeholders remain reliant on paper-based documentation. A recent International Chamber of Commerce (IC...
30 November 2021 /regulation /predictions Artificial Intelligence and Financial Services
Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC
Since the early 2000s, several industry and government agencies have expanded their compliance rules that address companies’ risk management plans, policies, and procedures. Image: What to Know: Supply-Chain Risk Management & Geopolitical Risk Compliance officers are almost always under pressure from senior stakeholders to communicate as accu...
28 November 2021 /regulation Operational Risk Management
Retired Member
The global cost of financial crime compliance is estimated to be $213.9bn, according to Lexis Nexis’ Global Cost of Compliance 2020 report, up from $180.9bn the previous year. And this is expected to grow. The range of risks outlined by the thousand banks that were surveyed were broad, ranging from customer risk profiling and sanctions screening, ...
26 November 2021 /regulation /crime Exposing Financial Crime
Anne Plested Regulation at ION Markets
The 1980s brought us the first space shuttle, personal computers, the Internet, and the dismantling of the Berlin Wall. But that’s not all. Did anyone else feel just a hint of nostalgia when the Association of National Numbering Agencies (ANNA) announced they were celebrating a 40th anniversary this month? No? Just me then. The ISIN or Internation...
24 November 2021 /regulation /markets
Jussi Karjalainen CEO at Valtatech
As the Australian Prudential Regulation Authority (APRA) continues to introduce more and more regulation and oversight over the superannuation industry, superfunds are finding themselves having to continually review their processes and policies to ensure that they remain compliant. The latest Your Future Your Super (YFYS) reforms, which came into ...
23 November 2021 /regulation /wealth Financial Services Regulation
Dhiraj Sharma Senior Consultant at TCS
Promises of lower costs, increased scalability, capability to build innovative future digital offerings at rapid pace, enable better customer experiences across the channels and keep up the pace with ever growing customers demands are some of the key driving factors luring a growing number of financial services firms into the digital transformatio...
23 November 2021 /regulation /cloud Cloud Banking out of the Box
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