Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
A Centralised & Digitised Know your Customer ecosystem is quite beneficial in the new age digital economy. It helps quickly onboard customers and avoids duplicates w.r.t submission of documents. That is not all, it helps reduce acquisition costs and improves compliance. In the long term, it also helps in making KYC truly effective and rationali...
05 October 2021 /regulation /identity Digital Identity Management
Claus Christensen CEO at Know Your Customer
Historically, the space of individual Know Your Customer (KYC) compliance has always been one step ahead in terms of industry awareness and digitisation trends compared to the connected area of corporate KYC, or “know your business” (KYB) compliance. Hence, to know what’s coming for KYB, it’s worth paying attention to what’s currently happening in...
04 October 2021 /regulation /crime RegTech
Guillaume Forget Executive Vice President at Cryptomathic GmbH
On 21st September, the Swiss-based train manufacturer, Stadler, announced that it lost a €3bn contract with the Austrian Federal Railways ÖBB due to a legally impermissible electronic signature on the purchase agreement.[1] The consequences of such a failure are serious. The costs inherent to a multi-billion public tender are counted in millions a...
04 October 2021 /regulation /identity Digital Identity Management
Retired Member
The pandemic has changed our way of life, not least in the way we work. It has shown us that one size does not fit all when it comes to balancing work and personal lives. As we come out of numerous lockdowns, we’re not seeing a return to the “old normal”. Businesses are changing their models and continuing to experiment, and we are seeing three ...
30 September 2021 /regulation
Karen Hsu CMO at Appdome
Thanks in large part to the global pandemic, consumers are increasingly turning to mobile apps to manage their finances, payments and transactions. In fact, 58% of mobile consumers report using and downloading more mobile apps and buying more products and services on them since the COVID-19 pandemic started, according to the Appdome 2021 Global M...
30 September 2021 /security /regulation Financial Services Regulation
Adam Pogorzelski CEO at Code & Pepper
The UK is a very demanding market for everybody. Including FinTech, which must operate similarly to regular banking institutions. Both legal and technological requirements are there to protect customers’ money. Applied FinTech security standards benefit customers and FinTech organizations and please regulators. What regulations should you take ca
30 September 2021 /security /regulation Information Security
Steve Dourdil Business Development at Kerv Collaborate
It seems hard to believe that it was only 10 years ago that the FSA, as it was known back then, removed the mobile phone taping exemption from the call recording rules introduced in March 2009 with COBS 11.8. The initial legislation, designed primarily to tackle market abuse, required capital markets participants to capture and retain all relevant
30 September 2021 /regulation /crime Financial Risk Management
Gustavo De La Torre Director of Business Development at n.exchange
Legislators come and go, but some things stick around, despite the best attempts to make a change. Enter center stage Sen. Elizabeth Warren and colleagues—as well as a few academics in the likes of Robert Manning—who've made headlines the last month scolding cryptocurrency and the dangers it poses to the financial system and cybersecurity. The arg...
30 September 2021 /regulation /crypto Cryptocurrency Insights
Nish Kotecha Co-Founder & Chairman at Finboot
Passports provide a licence to travel while also providing security – an established international recognition of proving identity and accompanying a ticket to ride. Passports have also come back into conversations in the last few months through vaccine passports. Covid-19 has forced the imposition of restrictions on our ability to move from one co...
29 September 2021 /regulation /sustainable Blockchain Observations
Roy Prayikulam SVP Risk & Fraud Division at INFORM GmbH
For years, financial institutions have been using automated monitoring procedures to make their processes for detecting money laundering and terrorist financing as effective and efficient as possible. However, many of the solutions used still leave much to be desired in terms of effectiveness and efficiency. Silo architectures, a lack of cross-dep...
29 September 2021 /regulation /crime Artificial Intelligence and Financial Services
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