4231 Results from /regulation
Retired Member
A quick Google search on the global payments landscape will serve up a myriad of articles ranging from how Covid has accelerated the adoption of contactless and the rise of digital technologies, but also how financial crime is on the rise. Visa’s recent ‘Back to business study’ notes that the number one area of tech investment in 2021 will be in pa...
23 February 2021 /security /regulation Fintech
Barley Laing UK Managing Director at Melissa
Already in effect in EU member states since 3 December 2020, financial institutions must implement the Sixth Anti-Money Laundering Directive (6AMLD) by 3 June 2021. While it requires less changes than previous anti-money laundering directives, 6AMLD brings clarity to specific regulatory details to close loopholes, toughen penalties, and encourage g...
19 February 2021 /regulation /identity Banking Regulations
As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG). One tax that has gone live without much of a splash, though, is the new Spanish financia...
18 February 2021 /regulation /markets RegTech
Digitise processes across the client lifecycle for frictionless remediation As remediation gathers pace, wealth managers must further accelerate digitisation to avoid resource-intensive distractions that impact sales. By February 2020 wealth managers began realising that digitisation was a pre-requisite to thriving or even surviving the Covid-19 pa...
18 February 2021 /regulation /wealth Trends in Financial Services
RegTech is set to have a pivotal year in 2021. The pandemic has brought the advantages of using regtech very much to the fore. A particular example has been communication surveillance, given recent announcements from the UK Financial Conduct Authority (FCA) on the subject of monitoring home workers as effectively as those in an office environment....
18 February 2021 /regulation /sustainable RegTech
As companies undertake their digital transformation, the risks in terms of cybersecurity are constantly increasing. As cybersecurity can be a very technical field, one may wonder – how should reporting cyber metrics to the Board of Directors be handled? When it comes to implementing an company-wide cybersecurity strategy, security managers such as ...
17 February 2021 /security /regulation Information Security
Luke Hinchliffe Head of Marketing at Arachnys Information Services
Anyone working in a compliance role in financial services will appreciate the critical part that software plays in effective onboarding, due diligence and anti-money laundering investigations. As banks strive towards decreasing customer onboarding times, achieving perpetual KYC and enabling more efficient AML checks, they are realizing the potenti...
16 February 2021 /regulation /crime Financial Transformation
Josh Rix Director at Woodhurst Consulting
Some machine learning tools are incredibly complex. So complex that they are considered to be “black box” systems. On the one hand, they are determining more and more accurate outputs to increasingly difficult problems. But on the other, the inner workings of these solutions can’t easily be understood by a human, and the rationale for the decision...
15 February 2021 /regulation /startups Artificial Intelligence and Financial Services
Payson Johnton CEO and Co-Founder at Crowdz
As businesses across the nation continue to swim against COVID-19’s economic tsunami, we’re beginning to see a new trend emerge from companies who have fared well (or thrived): social impact financing. This new wave of corporate social responsibility (CSR) is a simple way to drive tangible support outcomes for struggling businesses, rather than re...
12 February 2021 /regulation /inclusion Inclusive FinTech
Operational resilience, the ability to protect critical operations and core business lines from any hazard, needs to be right at the top of the agenda across the financial services ecosystem. Its importance has been significantly reinforced by the year we have just had. The pandemic brought about massive disruption across the industry, affecting h...
12 February 2021 /regulation /covid-19 Fintech
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.