4238 Results from /regulation
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
Simon Gilbert Founder at Elmore
Think of an athlete attempting to beat a ‘personal best’, or someone scaling a mountain. Both are individual challenges. In the business world, we’re now used to hearing about another type of challenge, or more accurately, ‘challengers’. Namely, disruptive start-ups who are turning traditional business models on their heads and taking on industry ...
27 September 2021 /regulation /crime FintechInsuranceMatters
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
As expected, it’s been a slow third quarter for changes to foreign direct investment (FDI). Following on from my last update, we’ll start in the AsiaPac region and move westward. Australia has been evaluating the reforms to foreign direct investment that commenced in beginning of the year. The Treasury is evaluating whether these reforms have stru...
24 September 2021 /regulation /markets Financial Services Regulation
Robert Prigge CEO at Jumio
In recent years, anti-money laundering (AML) has become an increasingly sophisticated criminal activity. It’s estimated that between 2% and 5% of global GDP is laundered each year, and identity theft has now become one of the top money laundering trends. It’s therefore not surprising that AML rules have been required to keep up. In a race to stop ...
24 September 2021 /regulation /identity
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
Portability is a key capability for fintech’s in future, as it enables the customer to switch over / transfer his account, from one Financial provider to another. This can be for various reasons, like he is unhappy with existing provider, or wants to switch, because he is getting better pricing, features etc. Portability also enables business cont...
24 September 2021 /regulation /identity Standards Forum
Retired Member
Midsized financial institutions must pay close attention to anti-money laundering Midsized financial institutions (with $1 billion - $10 billion in assets) play an essential role in our financial system, especially in the U.S. where banks with less than $10 billion in assets represent 14% of the market and 97% of the total number of banks. Unfortu...
22 September 2021 /regulation /crime Trends in Financial Services
Mark Alcaide Senior Managing Director, Consulting at Foreside
Amid broader digital transformation trends, many service providers have re-imagined their value proposition to take advantage of new technologies. The compliance consulting space is no different. The prevailing question, however, is at what point does the focus on technology begin to crowd out the human elements in the value chain and, more import...
22 September 2021 /regulation
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