Ivy Schmerken Editorial Director at FlexTrade Systems
No one could have predicted that Wall Street’s top compliance project would go into production during a pandemic. The securities industry is submitting data to the Consolidated Audit Trail, a long-delayed database for tracking the lifecycle of orders and transactions for U.S. listed and over-the counter equites and options in one place. Even thou...
13 October 2020 /regulation /markets Big Data
Adam Krug CLM Ambassador at Pegasystems
How a Unified Case Management System Can Improve AML Practices In September this year, the ‘FinCEN Files’ – thousands of documents detailing $2 trillion (£1.55tn) of potentially corrupt transactions that were overlooked by the US financial system – were leaked. The data revealed how some of the world's biggest banks have permitted criminals to ...
13 October 2020 /regulation /crime
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
In a battle for significance, no other public facing business document can match the annual financial report. It is the document that a public corporation must, by law, publish to describe its operations and financial condition, and to chronicle its activities over the past twelve months. Shareholders, investors and the wider financial ecosystem m...
12 October 2020 /regulation /identity
Retired Member
Regulation – if developed appropriately – can be the catalyst that propels nascent technologies into the mainstream, especially in the complex world of financial services. And the European Commission (EC) has just confirmed its place at the forefront of fostering fintech innovation, writes Isabelle Corbett, Head of Regulatory Affairs at R3. Last...
08 October 2020 /regulation /crypto
Information barriers have always been a challenge for organisations to manage, monitor and control. As a result, many firm have historically banned home working and previously only enabled access to files, folders, and other information on-site. Along comes the Covid-19 pandemic, and suddenly all rules needed to be readministered to facilitate the...
07 October 2020 /regulation
Adam Holden Chief Executive Officer at NorthRow
Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your...
05 October 2020 /regulation Financial Risk Management
Jeremy Light Co-founder at Fourdotzero
1230 words, 4:50 min read An Orwellian Dystopia As more and more payments become digital, a key question for payment systems architects is how to preserve the privacy of their users. Without privacy, payments systems risk becoming surveillance systems for government agencies and for corporations. In turn these can be extended into control systems ...
29 September 2020 /payments /regulation The Payments Business
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
Moving from simple risk management to real resilience is a critical new capability that organisations are striving to attain. Teams seek to quickly mature resilience as we reopen our businesses, countries and economies in the post-COVID-19 world. Organisations that do this well and become ‘anti-fragile’ will thrive – those that do not will find th...
28 September 2020 /regulation /covid-19 Operational Risk Management
Saloni Ramakrishna Author; Senior Director at Oracle
Is it relevant to talk of profitability during Covid times some might ask? It is and HOW!! Healthy banks are sine qua non to support pandemic induced distressed economy & customers whether it is retail, commercial/ SME or corporates in affected industries. Connecting the dots across my previous three blogs, the big picture is that banks thems...
28 September 2020 /regulation /covid-19 Banking Strategy, Digital and Transformation
Assessing vendor risk is a key topic for many enterprises, seeking fit for purpose solutions to get the job done. Over 60% of data breaches coming from vendor portfolios combined with mounting regulatory requirements and data privacy fines are all significant imperatives to get it right. Just like aligning chess pieces -- applying the right tools
24 September 2020 /security /regulation Fintech
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