Alan Blanchard Country Head UK at Apiax
The legal and reputational risks associated with providing cross-border financial services have risen sharply in recent years. Current national lockdowns and travel restrictions, alongside major regulatory upheaval, such as Brexit, are only adding to the challenges facing global banks. With bankers, wealth managers, asset managers and other financ...
04 March 2021 /regulation /wealth Financial Services Regulation
Alistair Catto Managing Director at Beyond
The challenges of the last 18 months, Brexit, the global pandemic and increasing demands for greater transparency and market control are driving change at a breath-taking pace in Financial Services. Banks are under great pressure to deliver efficiency and lower cost operations, and as a result, are taking an ‘invest to save’ approach within their ...
02 March 2021 /regulation /wholesale Banking Strategy, Digital and Transformation
Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
This is the second article from the series about the value of open banking and the rules it comes with. In the first article we have discussed the value of open banking and the benefits it brings to each market player. Today, we are going to discuss criteria that have to be respected to create perfect conditions for open banking to function in har...
25 February 2021 /regulation /retail Open Banking
Anna Kuzmina Expert at Fintech
Russia constantly faces political challenges with almost every high-profile event reflected in the attitudes of foreign companies and investors toward the Russian market. Because of sanctions, ruble volatility, and oil wars, Russia regularly falls back in the ranking of potentially interesting markets, often on a par with Cuba, North Korea, and Ir...
24 February 2021 /regulation /markets
Retired Member
A quick Google search on the global payments landscape will serve up a myriad of articles ranging from how Covid has accelerated the adoption of contactless and the rise of digital technologies, but also how financial crime is on the rise. Visa’s recent ‘Back to business study’ notes that the number one area of tech investment in 2021 will be in pa...
23 February 2021 /security /regulation Fintech
Barley Laing UK Managing Director at Melissa
Already in effect in EU member states since 3 December 2020, financial institutions must implement the Sixth Anti-Money Laundering Directive (6AMLD) by 3 June 2021. While it requires less changes than previous anti-money laundering directives, 6AMLD brings clarity to specific regulatory details to close loopholes, toughen penalties, and encourage g...
19 February 2021 /regulation /identity Banking Regulations
As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG). One tax that has gone live without much of a splash, though, is the new Spanish financia...
18 February 2021 /regulation /markets RegTech
Digitise processes across the client lifecycle for frictionless remediation As remediation gathers pace, wealth managers must further accelerate digitisation to avoid resource-intensive distractions that impact sales. By February 2020 wealth managers began realising that digitisation was a pre-requisite to thriving or even surviving the Covid-19 pa...
18 February 2021 /regulation /wealth Trends in Financial Services
RegTech is set to have a pivotal year in 2021. The pandemic has brought the advantages of using regtech very much to the fore. A particular example has been communication surveillance, given recent announcements from the UK Financial Conduct Authority (FCA) on the subject of monitoring home workers as effectively as those in an office environment....
18 February 2021 /regulation /sustainable RegTech
As companies undertake their digital transformation, the risks in terms of cybersecurity are constantly increasing. As cybersecurity can be a very technical field, one may wonder – how should reporting cyber metrics to the Board of Directors be handled? When it comes to implementing an company-wide cybersecurity strategy, security managers such as ...
17 February 2021 /security /regulation Information Security
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