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Latest /regulation expert opinions

Vladimir Pîntea

Vladimir Pîntea VP of Engineering at Trovata

eIDAS certificates renewal issues and how to overcome them

eIDAS certificates have an important role under PSD2. Their usage is mandatory for ensuring that data is kept secure and within trusted parties at all times. These certificates issued by QTSPs can be associated with passports with which TPPs identify themselves when onboarding with and accessing banks’ channels. While the eIDAS certificate is the ...

/payments /regulation Open Banking

Retired Member

Retired Member 

The Cyber Wargame Everyone Can Play

From the biggest bank to the smallest start-up, the Bank of England’s War Games will help create a safer financial sector for everyone. Here’s how you can make it work. Every time a company suffers a breach, we’re treated to the spectre of a spokesperson admitting mistakes had been made but promising lessons would be learned. The problem is, by

/regulation

Alex Reddish

Alex Reddish Managing Director at Tribe Payments

Open Banking hasn’t failed, but Open Finance might do if we don’t learn from it

Open Banking has been in the fintech headlines recently, once again being lambasted as something that hasn’t quite worked with some industry titans even labelling the initiative as a failure. Starling’s Anne Boden told MPs on the Treasury Committee “Open Banking is a lesson of us trying to make something work when halfway through the project, we ...

/payments /regulation Open Banking

Oscar Perez

Oscar Perez Manager at Be | Shaping the Future

UK payments organisations must act now to meet the March 2022 operational resilience deadline

Operational resilience has become a key focus for regulators in the UK. In March 2021, the Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) and the Bank of England (BoE) published their final policy papers on ‘Building Operational Resilience’, which gave financial institutions, including payments companies, a one-year d...

/payments /regulation Banking Regulations

Adam Pogorzelski

Adam Pogorzelski CEO at Code & Pepper

How to Use AI to Fight Financial Crime

Artificial intelligence (A.I.) is heavily used in Big Data and when it comes to the analysis of customers’ behaviour. There’s also anti-money laundering (AML) AI; it’s used to fight financial crime and guard the reputation of app providers. FinTech is about trust, after all. How exactly is it done and how can you benefit? Because cybercrime is ser...

/regulation /crime Artificial Intelligence and Financial Services

Amita Choudhary

Amita Choudhary Marketing Manager at Princeton Growth Accelerator

Finding the Right Attorney for Your Business in 5 Steps

Whether your company is being sued or you just need help dealing with licenses and permits, having a good business attorney on your side is crucial. And while it can be hard to find an attorney who’ll both be qualified to deal with the issues at hand and be a good match for your business, there are a few steps you can take to make the search proce...

/regulation Business

Peter Plochan

Peter Plochan Principal Risk Advisor at SAS

COP26: Why the climate summit matters to financial institutions, regulators and risk managers

The United Nations Climate Change Conference of the Parties (COP26) in Glasgow is just around the corner. Kicking off at the end October, the mega conference will host representatives from nearly 200 countries for two weeks, with a focus on reviewing of the Paris Agreement and each country’s carbon reduction commitments. The Paris Agreement: where...

/regulation /sustainable Going green

Garima Chaudhary

Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle

What U.K. bank CEOs can do now to close gaps in their anti-money laundering controls

Introduction The Financial Conduct Authority (FCA), the regulator of financial markets in the U.K., flexed its muscles in March of this year when it launched its first attempted prosecution for anti-money laundering (AML) failings against NatWest. A couple of months later, David Geale, the Director of Retail Banking and Payments Supervision for th...

/regulation /crime Financial Services Regulation

Debbie Hayes

Debbie Hayes Product Marketing Manager at GMO GlobalSign

The Financial Industry Needs to be Built on a Foundation of Trust

Anyone who is paying attention knows the financial industry is going through an unprecedented digital transformation which has been accelerated by the coronavirus pandemic. At the same time, cyberattacks, particularly ransomware attacks, grow in number by the day. The results of a study by the Ponemon Institute and Keeper Security in January sho...

/regulation /crime Financial Risk Management

Retired Member

Retired Member 

Why the FCA are disappointed with banks’ failure to embrace AML

NatWest has recently pleaded guilty to three counts of failing to comply with anti-money laundering (AML) legislation. The bank’s CEO Alison Rose said that the bank “failed to adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016.” This news will undoubtedly add to the disappointment expressed by i...

/regulation /crime Banking Regulations

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