Shagun Varshney Senior Product Manager at Signifyd
It’s clear to see that the increased need for online shopping is here to stay, and as we enter the busy Christmas season, things are only going to get busier for retailers. And as orders increase, so does the risk for fraudulent activity. Whilst fraud does have a detrimental impact on the retailers bottom line, it is not actually the fraud itself t...
18 October 2021 /payments /regulation
Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC
Cyber security Awareness Month continues in its 18th year to raise awareness of the importance of cyber security and to ensure that everyone has the resources they need to be safer online. For consumers it is vital that they are aware of the dangers posed by hacker attacks and ransomare on their accounts. Threats to banks, investment firms and in...
18 October 2021 /regulation /crime Data Management and Governance
Pavlo Farb Security Engineer at Cossack Labs
In fintech, user’s data protection is among the top priorities requested by regulations, but surprisingly they are mapped onto real-world risks. As a data security engineer, I can say that while it might look like much work to comply with GDPR, CCPA, PCI DSS, FFIEC, etc., these regulations exist not to add problems but to prevent them and protect ...
18 October 2021 /security /regulation Fintech
Luigi Wewege President at Caye International Bank
One of the downsides of the Internet is the dissemination of misinformation. That has led some to believe that US citizens cannot open and maintain offshore bank accounts, investment accounts, and other types of financial resources. That’s not the case. While some things have changed over the years, the truth is that US citizens are free to open ac...
17 October 2021 /regulation /inclusion Financial Services Regulation
Matt Sanders Director of Security at LogRhythm
Banks and other businesses in the financial services industry are prime targets for cyberattacks with the plethora of sensitive information contained in customers’ files, especially as more of the world transitioned to online banking and alternative/contactless forms of payment during the pandemic. Now, a new wave of embedded finance, Banking as a...
14 October 2021 /security /regulation Information Security
Steve Goddard FME at Featurespace
In March, a bakery owner in South West England received a curious SMS from her bike courier. The baker, whose canelés are famous in her city, supplies pastries to nearby cafes and other bakeries. She relies on couriers to get fresh pastries to those businesses early in the morning, and the bakery and the courier service have a years-old partnersh...
13 October 2021 /regulation /crime Financial Risk Management
Retired Member
All Scale Ups eventually face the same challenges as they outgrow their Start Up status. How to continue acting nimbly and doing what they do best, whilst simultaneously retaining their growth curve and building trusted positions in their ecosystem? According to Willem Mosterd and Josje Fiolet, becoming and remaining a successful Scale Up relies o...
08 October 2021 /payments /regulation Sustainable compliance
Ximena Aleman Co-CEO at Prometeo
Many different verticals in the fintech landscape can benefit from open banking APIs – remittances, growth payments, and crypto. But the love story between open banking and startups is just beginning. Among the many benefits, open banking can scale startup processes and operations for onboarding, accounting, identity validation, and payments (by ...
06 October 2021 /regulation /inclusion Open Banking
As GDPR fines start to mount up, the UK is planning to tweak the legislation. What could these changes mean for businesses in the UK? Once again, UK regulators are taking advantage of Brexit to modify a key piece of EU legislation. This time the focus is on GDPR. A consultation launched by the government aims to iron out uncertainties and promote g...
06 October 2021 /regulation
The FinCEN Files revealed money laundering to be a systemic problem, but the Pandora Papers and the recent resignation by the Financial Action Taskforce (FATF) chief, David Lewis, suggest a much more broken system, where regulators are barely tipping the iceberg in the fight against financial crime. The Papers also reveal a much higher power at pl...
05 October 2021 /regulation /crime Banking Regulations
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