4442 Results from /regulation
Sanjeev Nargotra Senior Consultant at Tata Consultancy Services
No board room agenda today is complete without a mention of Data centricity, yet no one has yet been able to put a finger on what exactly data centricity is all about. Most of the organizations, even those that are in the business for the past 100 years, are suddenly woken up to the idea of data centricity. Focus on data has not been a recent phen...
23 August 2022 /regulation /cloud Data Management and Governance
Amir Nooriala CCO at Callsign
Current economic headwinds and the pandemic placed real burdens on the finances of many, but appetites for convenience and consumer goods haven’t waned. This has led to younger consumers wanting to buy now and pay later for goods, an attractive option when it comes to financing purchases at times of economic hardship. BNPL has emerged as one of t...
23 August 2022 /payments /regulation BNPL
Steve Wilcockson Technical Product Marketing at Quantexa
Think carefully, someone could be watching! Busy Regulators! Regulators have been busy. Organizations such as SMBC Nikko, JP Morgan, Atlantic Trading, Natwest, and Robinhood have all recently incurred one or more significant fines, reputational damage and criminal prosecution – courtesy of the power and tenacity of regulators. A particular reg...
23 August 2022 /regulation /crime Financial Risk Management
René Schoenauer Director of EMEA Product Marketing at Guidewire Software
News of the FCA’s Consumer Duty regulations sparked some lurid headlines about heads of financial services firms being heavily fined for failing on customer service. Setting aside the hyperbole, the new rules do put pressure on insurers, banks, and others to take customer centricity even more seriously. Unlike banking, customer interaction with an...
22 August 2022 /regulation /cloud Digital Insurance Trends
Alex Richter Head of PassFort at PassFort
As technology evolves, more and more children are gaining ready access to the internet, with Ofcom’s latest research estimating that 55% of children now have their own smartphone. Meanwhile, the market for digital financial services is expanding and many young people are now receiving pocket money via online pre-paid cards like Go Henry or Nimbl. ...
22 August 2022 /regulation Financial Risk Management
Indra Chourasia Industry Advisor at Tata Consultancy Services (TCS)
After the frightening market distress triggered from crash of Terra Luna - engulfing prominent players like Three Arrows Capital and Celsius in recent months, the crypto ecosystem is still finding a way. At the same time, the recent turmoil in crypto-asset markets has underlined increased risks from intense volatility and structural vulnerabilitie...
21 August 2022 /regulation /crypto Cryptocurrency Insights
Nick Green Director at Purple Patch Broking Ltd
In 2022’s disrupted market, supply chain collaboration is more important than ever. However, the majority of Fintechs lack the tools, visibility and organisational structures to enable effective collaboration in bureau supply chain management. Yet collaboration is key. In fact, McKinsey identifies collaboration and coordination across the supply...
18 August 2022 /regulation /retail Fintech
Oana Avramescu Global Insurance Solution Lead at SAS
Sweeping regulatory changes are happening worldwide in risk management. With the imperative to standardize finance for the stability of the global economy – crucial in the wake of COVID-19 and growing climate risks – regulators are intent on creating greater transparency in the financial services industry. There are many examples of this regulato...
17 August 2022 /regulation Financial Services Regulation
Akhil Rao Director at Nth Exception
Standards are a cornerstone of the financial industry. For over 40 years the SWIFT MT standard has enabled industry automation, reducing the cost and risk of cross-border business, and enabling the development of the correspondent banking system on which world trade depends. Today, around 28 million MT messages are exchanged on the SWIFT network e...
16 August 2022 /payments /regulation SWIFT Matters
Toine Van Beusekom Strategy Director at Icon Solutions
The shift to a ‘marketplace’ model, rise of fintech companies and arrival of new players in the payments value chain have had a profound impact on market dynamics within the financial services sector. In response, banks must reconsider how payments infrastructure fits within their long-term strategy. The rapid transformation of the payments indust...
16 August 2022 /payments /regulation Banking Architecture
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