Retired Member
The EU’s new Sustainable Finance Disclosure Regulation (SFDR) regulations are here, and they signal future change for the rest of the world. The Sustainable Finance Disclosure Regulation, considered by the European Commission as the basis of their action plan on sustainable finance, came into effect on 10th March 2021. Aiming to trigger behavio...
10 May 2021 /regulation
Remote or hybrid working is the new norm, but it can be a bit of a nightmare for compliance officers. As the UK emerges from lockdown many businesses are going back to work. However, this is not a complete return to normal. Business has changed. It is going “hybrid” with many people expecting to work from home at least part of the time. According...
05 May 2021 /regulation
Justin Bercich
The first 100 days of the new US Administration are upon us, and while focus of the news cycle has been targeted on the response to COVID-19, there has been signficiant progress in the fight against money laundering. The start of 2021 saw the enactment of the Anti Money Laundering Act – the first major piece of AML legislation passed since 2004. Ex...
30 April 2021 /regulation /crime Artificial Intelligence and Financial Services
Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
Open banking comes with a lot of expectations and promises, such as democratisation of Access to Account (X2A), increased competition between banks and fintechs, and provision of better control to end-customers over their financial data and payments. To facilitate the adoption of open banking, several API standards incentives were created includin...
28 April 2021 /regulation /retail Banking Regulations
Austin Talley Founder and CEO at Everyware
When it comes to making important decisions that streamline the services you provide to customers, security is often the first measure that requires special attention. Text messaging as a communications and payment solution is rapidly being adopted across every industry – from restaurants and pharmacies to nonprofits, utility providers and beyond ...
27 April 2021 /security /regulation
In the finance world, everything’s gone digital. If you’re still trying to verify customers’ identity by asking where they lived ten years ago, or making them jump through manual hoops like sending small “test” transactions to verify a linked account, you’re falling behind. How you verify identifications and authenticate customers has a big impact...
27 April 2021 /regulation /identity Banking Strategy, Digital and Transformation
Brittany Garland Executive Director at IHS Markit
What is the next generation technology for onboarding clients at custodians? A migration has begun from portals to onboarding platforms, but some custodians are still mired in a world of email communication, writes Brittany Garland, Executive Director in Operational Risk & Regulatory Compliance at IHS Markit. The article explains that, after y...
26 April 2021 /regulation Banking Strategy, Digital and Transformation
A €3 million fine is the latest in a number of anti-money laundering fines for ING, but what can they and the rest of the sector learn? At the beginning of March, ING was fined €3 Million for failures in anti-money laundering regulation. It’s the latest major AML case involving European regulators and confirms this will continue to be one of th
26 April 2021 /regulation
John Bertrand MD at Tec 8 Limited
The effects of fraud are not merely financial. As with other crimes against the person, victims suffer deep emotional distress – people have been known to commit suicide. The victim-blaming approach taken by banks is often a bigger contributary factor to their trauma than the actual financial loss causes people deep trauma. In the new world of op...
22 April 2021 /payments /regulation Fintech
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
As the world is moving towards digitalization, cyber-security threats are becoming more sophisticated than ever. There has been increasing number of attempts in recent times where hackers have been targeting organizations by capitalizing on vulnerabilities that their third-party vendors and suppliers are exposed to. Securing client data that inc
19 April 2021 /security /regulation Information Security
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.