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
Retired Member
Introduction If the customer lifecycle is a performance, the onboarding process is the opener. If the opener doesn’t catch your attention, you don’t want to stay for the show. For many financial institutions, however, onboarding is not a showstopper. It’s fragmented, with too many customer touchpoints. According to a recent study, the result is fr...
22 November 2021 /regulation /crime Innovation in Financial Services
How the financial sector is learning lessons from forests to counter cybercrime. When a tree in a forest comes under attack – such as from an animal eating its leaves – it releases hormones and pheromones alerting others to the danger. These can trigger changes in the composition of sap in surrounding trees to make it less appealing to the predato...
16 November 2021 /security /regulation
Nick Green Director at Purple Patch Broking Ltd
The UK Treasury recently published a consultation on how it will regulate BNPL, potentially making the UK the first major credit market to regulate these booming, innovative products. The FCA said the sector quadrupled to £2.7bn last year during the pandemic - to about 1% of the UK’s entire credit market - with more than 5 million active users. Th...
16 November 2021 /regulation /retail BNPL
John Bertrand MD at Tec 8 Limited
APP fraud is rocketing, up 70 per cent in six months, and likely to be a multi billion business shortly. No one is surprise to learn that the Bank of England, Pay.UK and UK Finance (The Collaboration) have joined forces in defining a new data model to mitigate Authorised Push Payment Fraud and reduce friction in the payment process, e.g. misdirec...
16 November 2021 /payments /regulation Transaction Fraud Systems and Analysis
Barley Laing UK Managing Director at Melissa
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers highlight the importance of having access to politically exposed persons (PEPs) data as part of their anti-money laundering (AML) checks. In the UK, ba...
10 November 2021 /regulation /identity Banking Regulations
Transaction monitoring is a fundamental part of detecting and preventing your business from being used to facilitate financial crime and terrorism financing. Regulators are increasing their scrutiny on Anti-Money Laundering (AML) control frameworks and the fines issued for failings are increasing year on year. Transaction monitoring is a fundament...
09 November 2021 /regulation /crime Exposing Financial Crime
Steve Morgan Banking Industry Market Lead at Pegasystems
ISO 20022 is coming. The new global messaging standard for payments systems is generally agreed to be a good thing for the banking industry – the Bank of England’s consultation on the plans showed respondents were “largely supportive”. Indeed, as the UK’s central bank notes, ISO 20022 is designed to create a globally consistent financial messagin...
09 November 2021 /payments /regulation The Payments Business
Kevin Eley VP of Sales, UK and Europe at LogRhythm
Revenue and profit growth is a welcome outcome for CEO’s — it’s an indicator that business is healthy. But growth can pose a challenge for CISOs for two reasons. Firstly, growth invariably increases the risk exposure of the organisation (as growth is often correlated with acquisitions, increased headcount or geo expansion). Secondly, larger busi
08 November 2021 /security /regulation Fintech
Nish Kotecha Co-Founder & Chairman at Finboot
You don’t need me to tell you of the laser focus on sustainability in Boardrooms across the world, not least at COP26 currently happening in Glasgow where the good and the great are meeting to agree action to mitigate climate change. Under ever intensifying pressure from interest groups, investors and customers, companies and brands have been furio...
05 November 2021 /regulation /sustainable Blockchain Observations
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