Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Introduction: Climate risk is now categorized as one of the important elements in the strategic discussion among the Chief Risk Officers (CROs) in the banking industry. Financial regulators across...
On 16 September 2022, the White House has published draft of the regulation framework for the cryptocurrency industry. It was a result of President Biden's executive order directing the US governmenta...
If you work in financial services, chances are your organisation has some form of mobile recording solution in place. Although certain firms don’t necessarily have a regulatory requirement to record ...
Digitalization and Open Banking are two most prominent trends in banking industry in recent time. While the former was initiated by changing customer behavior, the latter was driven by regulatory and ...
With the midterm elections fast approaching, the midpoint of President Biden’s first term in the Oval Office will undoubtedly be known as the marijuana elections. Despite 19 states fully legalizing c
In talking with clients about their strategy around perpetual or event based know your customer (“KYC”) risk approaches there are two different groups: firms that have started implementing an event b...
Compliance is costly. Know Your Customer (KYC) compliance in adherence with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations can account for anywhere between 3% and 30% of...
As we enter a downturn, credit providers are confronted by a landscape that looks and feels very different from before. The real risk of global and national recessions means that net interest margins
Who should be liable for the monies being scammed out of bank accounts using faster payments? (Authorised Push Payment Fraud: APP Fraud) v Money scammed from bank accounts 2018 to 2021: £1,840 m...
It is no exaggeration that SMEs are the backbone of the economy. According to the World Bank, SMEs represent about 90% of businesses and over 50% of employment worldwide. In Southeast Asia specificall...
Recently, there was a lot of buzz around how the RBI has found four viable products for cross-border payments under its regulatory sandbox. Many of our readers and colleagues didn’t know/hadn’t heard ...
The U.S. Securities and Exchange Commission’s (SEC’s) Marketing Rule was approved in December 2020 and came into effect on May 4, 2021. From that point, Registered Investment Advisers (RIAs) have had...