Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
The development of Artificial Intelligence and Data Protection domains are largely dependent on the economic and societal needs. While Artificial Intelligence develops better customer services by wrangling trillions of BigData and learning from it, data protection is poised to build trust in people to share data with Organizations. A recent surve...
09 August 2020 /regulation /retail Artificial Intelligence and Financial Services
Rishi Chauhan Strategy Director at Haydon & Company Limited
The Second Payment Services Directive (PSD2) and Open Banking regulations in the UK required financial institutions, on their customers’ request, to share their customer’s payment account data with third party providers such as fintechs. Open Finance is an industry led initiative looking to increase the scope of financial data sharing beyond paym...
07 August 2020 /regulation /retail Fintech
Barley Laing UK Managing Director at Melissa
The world was already speeding into the digital age before Covid-19. However, the pandemic has supercharged the process prompting financial services companies to improve engagement with their customers across all digital channels. The reason - consumers are increasingly worried about visiting high street branches in the current climate and recognis...
07 August 2020 /regulation /identity Digital Identity Management
Shirish Netke President at Amberoon
The Paycheck Protection Program (PPP) offers a case study in government activism. It’s vital: At a time when the economy is reeling from a global pandemic, PPP is designed to support a variety of businesses, non-profits, self-employed individuals, tribal organizations and more. It’s massive: $669 billion to be disbursed in a very short period of t...
06 August 2020 /regulation /covid-19 Banking Regulations
Matt Smith CEO at SteelEye
As the Covid-19 pandemic continues, global regulators are warning financial services firms that they may need to enhance their trade surveillance activities to ensure they detect potential financial crime and insider trading. During lockdown, the UK Financial Conduct Authority (FCA) voiced concerns about managing insider trading conduct risks with ...
06 August 2020 /regulation /crime Financial Services Regulation
Konstantin Rabin Head of Marketing at Kontomatik
Illegal financial activities are some of the most common issues the governments of different countries have to face and that is why there are more and more new ways and methods of dealing with this issue used by authorities in order to combat this form of illicit activity. Russia is none of the exceptions and is a hub of financial scams. And now t...
06 August 2020 /payments /regulation Financial Inclusion
Retired Member
As global supply chains become increasingly complex, it is more important than ever to incorporate location risk into your vendor risk assessment process. From the outset, it is critical to define risk appetite and risk treatment strategy based on location when considering third-party portfolios. Depending on the nature of service, such considerati...
06 August 2020 /security /regulation
Kirston Winters MD, MarkitSERV at IHS Markit
In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to EuroSTR (a.k.a. €STR) for all Euro OTC interest rate products. We understand that all compensation payments have now settled. The question market watch...
06 August 2020 /regulation /markets Financial Services Regulation
Matthew Ruoss CEO at Scorpeo UK
ESG screens are common among asset managers today, in response to growing client demand for investments that align with their values. Much of the buzz has focused on the ‘E’ and ‘S’ of ESG, as managers dumping fossil fuels and other ‘vice’ stocks have grabbed headlines. And while early studies are pointing towards the potential outperformance of ES...
05 August 2020 /regulation /wealth Capital Markets Technology
Based on the Bank of England governor Andrew Bailey's comments, there will soon be a decision whether to create a central bank digital currency (CBDC) for the UK. A state-issued digital pound has multiple potential effects on the UK economy. First, between 2006 and 2018, cash usage decreased from 63% to 28%, while debit card payments increased fr...
05 August 2020 /regulation /crypto Cryptocurrency Insights
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