Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy
This article is part of a series about the value of open banking and the rules it comes with. Open banking fundamentally changes the landscape of the modern financial sector, stimulating all types of companies to release new services and making traditional banking products simpler, and more convenient, while removing additional costs. Open banking ...
08 September 2020 /regulation /retail Open Banking
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
In this time of digitalisation, with more employees, suppliers and third parties opting for virtual meetings and transactions - IT, security and cyber teams have become hyper-vigilant about protection of sensitive and regulated information. It’s a challenge. In previous posts on Risk Quantification, and how 2020 is changing the way we 'Do Risk a...
04 September 2020 /regulation /covid-19 Financial Risk Management
Paul Hampton Security Expert at Thales
The financial industry is one of, if not the most regulated industries in the world. As such, while innovation may appear to be on a smooth road in other sectors, to many the financial world can be viewed as a little slow to the party. However, while the industry can be cautious and rightly so given the role it has in society, innovation is by no ...
03 September 2020 /security /regulation Blockchain in Banking and Financial Services
Claus Christensen CEO at Know Your Customer
Paper processes used to take days. Digital journeys usually take minutes. Mobile app processes should take seconds. Since mobile technology has entered everyday life, our standards for what constitutes a seamless business interaction has shifted sensibly. In financial services, the introduction of internet and mobile banking has revolutionised o...
03 September 2020 /regulation /wholesale Banking Strategy, Digital and Transformation
Retired Member
As summer of 2020 is coming to an end, the DeFi movement is peaking. With ETH up over 70% in July, the total value locked in leading decentralized finance protocols surpassed $7 billion, making it impossible for both crypto and traditional finance industry not to pay attention. As access to the new internet for developers is simplified through too...
01 September 2020 /regulation /crypto Cryptocurrency Insights
John Cant Managing Director at MPI Europe Ltd
I have been doing some informal polling on impact of the EU's latest proposed changes to the existing MiFID II Research regime across various forums in the last few days. As you probably know, these changes would create a narrowly defined exception authorising the joint payment for execution services and research on small-cap (defined as up to a m...
01 September 2020 /regulation /wholesale MiFID
You are the CRO. Responsible for measuring risk impacts due to not only the pandemic, but multiple uncertainties ranging from disrupted supply chains, economic impacts to historic wildfires and hurricanes. How you and your teams do risk and resilience management is transforming today and will evolve tomorrow and every day into the future as we adap...
27 August 2020 /regulation /covid-19 Financial Risk Management
Adam Holden Chief Executive Officer at NorthRow
As a first step towards introducing the Economic Crime Levy, as announced by the Chancellor in his March budget, the Government has issued a consultation document designed to get feedback on how the levy should be introduced, what it should cover and who should pay for it. Although there appears to be a general acceptance that the levy is a good i...
24 August 2020 /regulation /crime Financial Risk Management
Ivy Schmerken Editorial Director at FlexTrade Systems
Fixed-income traders reflecting on the bond liquidity crisis and volatile markets caused by the global pandemic in March and April are pushing ahead with more automation to solve the liquidity and data-quality issues they faced. Citing the value of aggregation tools to bring in direct pricing streams, portfolio trading, and all-to-all trading proto...
21 August 2020 /regulation /markets Capital Markets Technology
John Cragg Chief Executive Officer at MYHSM
If you are going to build a data centre to handle activities such as card issuance and payment transaction processing, then that data centre will need to meet the requirements of one or more Payment Card Industry (PCI) security standards. PCI DSS PCI Data Security Standard (DSS) is applicable to data centres that process or handle cardholder data...
19 August 2020 /security /regulation Fintech
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