Cyril Lalo CEO at ellipse Inc.
Risk of over €100 billion in lost sales (1) Surge of CNP fraud in other regions of the world without SCA Focus on qualifying transactions within exemption categories Since 2015 Merchants and payment card Issuers have been grappling with the impact of proposed new regulations from the European Banking Authority (“EBA”). The latest release of regu
22 December 2020 /payments /regulation Dynamic Card Security Code, CNP & eCommerce Forum
Richard Blore Chief Executive Officer, KY3P, IHS Markit at IHS Markit
Those of us who work in financial services are keenly aware that third-party risk management (TPRM) continues to be a key area of focus for global financial services regulators. Recently, we have seen consultations from the Bank of England and the International Organization of Securities Commissions (IOSCO) as well as a legislative proposal from t...
21 December 2020 /security /regulation Banking Regulations
Jane Zimmerman Principal Solution Marketer at Oracle
Money Laundering in the World of Fine Art Criminals remain relentless in their quest to stay one step ahead of the law. The connection between money laundering and the rarified world of fine art is a perfect example of their nefarious creativity. While no one knows how much money is laundered through art, art and collectible wealth held by ultra-hi...
17 December 2020 /regulation /crime Innovation in Financial Services
Retired Member
ISO20022, also known as the universal financial industry message scheme, is the platform proposed by the International Organization for Standardization (ISO) to develop all financial messages. It is not a suite of message standards, but a recipe to develop message standards for all domains in the financial industry. The main ingredients being synt...
17 December 2020 /payments /regulation Banking Regulations
Payson Johnton CEO and Co-Founder at Crowdz
Integrated, tech-based risk assessment capabilities provide an ethical and sustainable infrastructure to ensure financial responsibility, and allow small-to-medium businesses to access vital recovery financing despite a challenging and turbulent economic landscape. The world and its economies are in the midst of the fastest transformation ever ex...
14 December 2020 /regulation /covid-19 Inclusive FinTech
Matt Neill Managing Director at Beyond
The continued pressure to increase efficiencies within KYC and reduce the cost of compliance has resulted in ‘KYC automation’ becoming a hot topic for the industry. Clients often ask us what their priorities should be, who can help them with the process and what the best practices are for implementation. Here are the 7 key principles I normally sh...
14 December 2020 /regulation /crime Financial Risk Management
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
MetricStream’s Yo McDonald discusses how businesses can identify biases when evaluating risks, how it affects processes, and the steps businesses should take to mitigate bias. Evidently, risk evaluation is fundamental in business to protect the organisation, its workers and to guarantee long-term success. To ensure an organisation’s risk evaluation...
14 December 2020 /security /regulation Operational Risk Management
Today’s AI-driven KYC platforms help banks, fintechs, insurers and more onboard customers and catch fraud at a higher rate—with less dropoff—than ever before. Through the sequential use of proprietary AI algorithms, these platforms maximize accuracy while trimming minutes off ID processing times—without sacrificing security. Advanced image process...
11 December 2020 /regulation /identity Artificial Intelligence and Financial Services
Ivy Schmerken Editorial Director at FlexTrade Systems
With so many traders working from home, the pandemic is said to have accelerated the shift to electronic trading in U.S. Treasury bonds. Now industry leaders are debating the future of trading protocols in the world’s largest and most liquid market. On a recent industry webinar, bond experts said that supporting multiple trading protocols is key t...
11 December 2020 /regulation /markets Capital Markets Technology
Yaroslav Kuflinski AI/ML Observer at Iflexion
Conventionally, banks and other financial institutions start their automation journeys with robotic process automation. While certainly beneficial, RPA has proven to be limited in its automation capacity. Essentially, RPA is only applicable to tasks that don’t require any cognitive input. Intelligent process automation, on the other hand, is capa...
11 December 2020 /payments /regulation Artificial Intelligence and Financial Services
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