4231 Results from /regulation
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
Just coming up for some air, having had a busy first half to 2021 and realizing that my update on foreign direct investment is long overdue. Let’s not waste any time because there’s plenty to report since my end of year 2020 roundup. Early in the year, Germany issued a consultation to amend its FDI regime and made the following effective 1 May 20...
14 July 2021 /regulation /markets Financial Services Regulation
Retired Member
ESG disclosure is rising higher up the priority list for shareholders, customers, politicians, and regulators. Even so, many businesses continue to underestimate its importance, as well as the impact it could have on their operations. More ESG regulations are on their way and firms would do well to pay attention… Naming and shaming Multiple st
13 July 2021 /regulation
John Bertrand MD at Tec 8 Limited
Sending money to non-enabled CoP bank accounts could have an adverse effect on your bank balance. A well-advised approach before paying someone with any bank that is not using Confirmation of Payee (CoP) should use a credit card. Bank accounts are only covered by a voluntary reimbursement code signed by 12 banks. These banks on average reimbursed ...
13 July 2021 /payments /regulation Banking Strategy, Digital and Transformation
Matt Beattie Managing Director at Beyond
Many organisations continue to wrestle with the challenge of delivering a fast and efficient client onboarding (& review) approach while ensuring compliance with the various KYC/AML rules. Ultimately, the goal for every Financial Institution is to optimise this balance and gain the associated competitive advantage, with the added benefit of a ...
12 July 2021 /regulation /crime Banking Strategy, Digital and Transformation
Insurance companies have been relying on the same legacy technology for many years now, but it is increasingly clear that what has kept their businesses running smoothly for so long will not be up to the daunting challenges of the future. For one thing there are new compliance and regulatory hurdles ahead that need computational and analytical cap...
09 July 2021 /regulation Fintech
Dmitry Dolgorukov CEO at GiniMachine
First, there was open banking — a considerable step forward in democratizing the financial services industry. With third-party access to banking via application programming interfaces (APIs), consumers were able to connect with a broader range of financial products and take greater control over their financial future. Now, the wave of open techno...
08 July 2021 /regulation /predictions Open Banking
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
In February 2021, I asked the Swedish company registry (#Bolagsverket) about some statistics regarding beneficial ownership, this is the response: Approx.: - 70.000 companies have registered that they don't have a beneficial owner. - 13.500 companies with a beneficial owner that is a non-resident and or not registered with a Swedish national ID. ...
07 July 2021 /regulation /crime Banking Regulations
King Leung Global Head of Financial Services and FinTech at InvestHK
Traditional banks, insurers, and financial service providers in Hong Kong are jumping on board with fintech adoption, with a Hong Kong Monetary Authority (HKMA) study showing 86 per cent of incumbents are currently adopting fintech technologies. These financial institutions have succeeded to varying degrees in digitalising their businesses. Yet, m...
07 July 2021 /regulation /inclusion Banking Regulations
Barley Laing UK Managing Director at Melissa
With more people engaging and transacting with organisations online during the pandemic, there has been a corresponding rise in fraudulent activity. In the banking industry the Office for National Statistics (ONS) found a 68 per cent increase in remote banking fraud in 2020. Furthermore, research from UK Finance reveals that £479 million was lost...
02 July 2021 /regulation /identity Digital Identity Management
Shagun Varshney Senior Product Manager at Signifyd
Risk professionals and retail leaders for months have been fixated on the new strong customer authentication (SCA) requirements that arrived with PSD2 — and rightfully so. The new payments regulation, set for enforcement in the UK in March 2022, is a once-in-a-generation change with the potential to massively disrupt an enterprise or to push an ent...
01 July 2021 /payments /regulation Digital Sales
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