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Latest /regulation expert opinions

Devin Redmond

Devin Redmond Founder and CEO at Theta Lake

Four Security and Compliance Predictions for the Fintech Industry in 2021

The past year has prompted radical shifts to the corporate world, the likes of which we’ve never seen before. With the mass closing of traditional office spaces, companies across all industries were forced to reckon with an entirely digital world – whether they were ready for it or not. This new virtual collaboration space morphed the fundamentals...

/regulation /predictions RegTech

Andreas Hobbelin

Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION

Are Nordic financial institutions really compliant with US sanctions?

To answer this, one most likely need to go deep on all financial institutions (FI), however, what if one would ask some simple questions to begin with? Lets start with the following; Are you screening your clients against US sanction lists? Most would answer Yes Are you screening your client’s counterparties against US sanction lists...

/regulation /crime Trends in Financial Services

Anna Monteiro

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Rounding out 2020 Foreign Direct Investment Regulations

Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, foreign investment regulations have continued to tighten in the more democratic nations and loosen in those less so. In November, the UK government introduced the National Security and Invest...

/regulation /markets Financial Services Regulation

Adam Holden

Adam Holden Chief Executive Officer at NorthRow

Top 5 Compliance Challenges and Trends in 2021

If we thought 2019 ‘was quite a year’ and that 2020 would bring some challenges, then how on earth do we begin to verbalise the last 9 months? Despite epidemiologists warning of a once-in-a-lifetime pandemic, the most advanced nations in the world were ill-prepared for the scale of the fall-out. The effects of which are still being felt, and will ...

/regulation /crime Big Data

Riten Gohil

Riten Gohil Director & Co-Founder at Sphonic

Why Orchestration Tech is the Future to Unlocking Identity

Is Identity Broken? Identity is broken, or many will have you believe so, in reality it sort of works allowing hundreds of millions of consumers and businesses around the world to activate and access services around the world. Clearly more needs to be done, and the industry is burgeoning with new solutions, approaches, strategies and movements to ...

/regulation /identity Finextra site news

Alistair Catto

Alistair Catto Managing Director at Beyond

Meeting the requirements of AML 5 and 6

Recent analysis conducted by LexisNexis highlighted that many financial institutions are struggling to complete their implementation plans for the Fifth Anti-Money Laundering Directive (5AMLD). Even more troubling was that many of those surveyed were not even aware of its key purpose. So what activities should banks be focusing on to ensure their ...

/regulation /crime Banking Regulations

Luke Hinchliffe

Luke Hinchliffe Head of Marketing at Arachnys Information Services

The onboarding conundrum - a poor experience for business customers and banks

The onboarding process for opening corporate accounts at banks is littered with friction points. But it’s not just the customers who are suffering, it’s also the banks themselves. It is evident just how difficult the onboarding process is for banks: 90-120 days to onboard corporate banking customers (Oliver Wyman) 307 employees to work on KYC adhe...

/regulation /crime

Retired Member

Retired Member 

RBI's regulation on storage of Payments System Data in India

Electronic payments have made a huge impact on the lives of millions of Indians in the last few years with various options to make and receive payments in a timely manner. With that in mind, RBI has recently regulated for all Payment System providers, that any payments made on Indian entities for domestic payments transactions has to be stored on...

/payments /regulation Fintech

Christopher Smith

Christopher Smith Director at Mail Manager Ltd

Compliance and control: Solve your data headache with better email and document management

The increasing volume of data that financial firms hold is making it difficult for them to control information and ensure sensitive correspondence is managed effectively. This lack of data management control is putting financial firms at enhanced risk of data breaches, insider attacks and poor client service. For example, research from Varonis fou...

/regulation Data Management and Governance

Nazar Korshivskyi

Nazar Korshivskyi Legal Counsel at Solid

Merchants & Acquirers: Data Protection Roles

GDPR. I bet you may have heard this abbreviation previously. Two years in, this European data protection regulation has become well-known for its hefty fines, new obligations and a broad geographical scope not limited to the EU. But is the GDPR applied correctly? In practice to date, there are still lots of questions and pitfalls. One of the first...

/payments /regulation Data Protection Act Issues

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