4482 Results from /regulation
Retired Member
Black Swan events happen rarely, BUT it gives a tremendous opportunity to reinvent to create brighter futures – only if the business is proactive to handle. One way FIs can prepare is by digitaltransformation leveraging AI, Machine Learning, and Cloud to mitigate risk and address regulatory requirements while enhancing decision-making capabilitie
02 May 2023 /regulation /predictions Analytics in Banking
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
I first heard the meme "Banks privatize profits and socialize losses" soon after some banks were bailed out during the Great Financial Crisis of 2007-8 in USA. The narrative was, when banks do well, they distribute their profits to their employees and shareholders whereas when they do badly, they palm off their losses to taxpayers who res...
02 May 2023 /regulation /retail
Eli Talmor CEO at ID-Bound
Let me introduce a few topics before we dive deep into the problem. About hosted crypto wallets A hosted wallet, or custodial wallet, is a type of cryptocurrency wallet in which a third-party service provider manages the private keys instead of the wallet owner. During blockchain transactions, a hosted wallet enables the owner to
25 April 2023 /regulation /crypto Blockchain in Banking and Financial Services
Vladimir Lounegov CEO at Mbanq
As the dust begins to settle after SVB's collapse, a picture emerges showing that venture-backed startups have a clear appetite for BaaS-driven fintechs as an alternative for deposits. I would like to preface this article with the observation that the collapse of Silicon Valley Bank (SVB) was a significant loss to the entire fintech ecosystem. SVB...
24 April 2023 /regulation /markets Banking
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Why the LEI and BIC are a Perfect Fit for a Truly Global Identification Scheme Challenges in the cross-border payments market include high costs, low speed, limited access, and insufficient transparency. In October 2020, the G20 endorsed a roadmap to enhance cross-border payments. The roadmap was developed by the Financial Stability Board (FSB) in...
21 April 2023 /payments /regulation Data Management and Governance
Harriet Christie Chief Operating Officer at Mirrorweb
As digitalization continues to permeate everyday life, data archiving has become increasingly vital for a variety of reasons. With the emergence of ChatGPT, an artificial intelligence-powered chatbot, the landscape has again shifted dramatically. But what are the implications of this breakthrough, and how will it impact digital archiving? What is C...
21 April 2023 /regulation /cloud Data Management and Governance
Christina Anibal Director at UHY
The uncertainty we’re experiencing today is unlikely to ease anytime soon. While there’s value in exploring near-term outlooks, the much bigger question in our view is what to do with persistent uncertainty. We’ve entered a new geopolitical era, a new economic era, and we’re in the midst of a technological revolution. The biggest winners in the ne...
20 April 2023 /regulation
Vasile Valcov Chief Commercial Officer at Salt Edge
As technology evolves and is more present in our lives, consumers are beginning to ask why banking services cannot be as intuitive as managing their music playlists. Higher consumer expectations combined with the currently fast-changing environment brought by open banking make banks jump into new innovative waters. In the past, banks’ open bankin...
20 April 2023 /regulation /retail Banking Strategy, Digital and Transformation
Nick Green Director at Purple Patch Broking Ltd
In today's financial landscape, fintechs, banks and other lenders need to make sound credit decisions in order to stay afloat. And one of the most important factors in making accurate credit decisions is having high-quality data. But if your data is incomplete, outdated, or not compliant, you won’t be able to use it to make the right risk decisions...
20 April 2023 /regulation /retail Financial Services Regulation
Although the UK was a pioneer with the Faster Payments Scheme (FPS) in 2008, we cannot afford to be complacent in adopting real-time payments compared to other economies in the G7 and beyond. And with the UK’s New Payments Architecture (NPA) on its way, it will start impacting direct FPS participants in the next 12 months. Vendor selection and tes...
19 April 2023 /payments /regulation
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