4231 Results from /regulation
Adam Holden Chief Executive Officer at NorthRow
Many firms have taken the trouble to digitally transform their onboarding, but are wasting eye-watering sums of money and man-hours on inefficient processes when it comes to ongoing monitoring. And yet KYC monitoring is vital to ensure compliance with Money Laundering directives so where does it all go wrong and what can firms do to implement chan...
11 February 2021 /regulation /crime RegTech
Ido Nir Head of Financial Crime Solutions, APAC at Oracle Financial Services
How risky are Politically Exposed Persons for your financial institution? Financial institutions are required to consider and appropriately manage Politically Exposed Persons (PEPs) and their close associates as higher risk customers. They are required to impose strict measures when establishing new business relationships with PEPs and to ensure c...
10 February 2021 /regulation /crime Sustainable compliance
Matt Beattie Managing Director at Beyond
As financial institutions move to integrate, automate and streamline their systems (all in the face of a toughening regulatory environment), process flows and the underlying data points are coming under increasing scrutiny. As such, customer and operational remediations continue to be a common occurrence. Despite this many remediation efforts have...
09 February 2021 /regulation /wholesale Banking Regulations
Retired Member
In my last blog, I shared some thoughts on how different forms of AI could not only help improve the customer experience, but also ensure that the bank remains in compliance with various industry regulations. As promised, the focus of this blog will be on how AI can both help ensure/monitor regulatory compliance, as well as some of the regulatory...
03 February 2021 /regulation /cloud Artificial Intelligence and Financial Services
Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle
The United Nations Office of Drug Crime estimates that $800 billion to $2 trillion, or 2-5% of global GDP, is laundered globally every year. What is driving this massive amount of money laundering? After drug trafficking, human trafficking is the second top motive for money laundering. Forced labor generates over $150 billion per year by robbing ...
02 February 2021 /regulation /crime Innovation in Financial Services
Eric Solis CEO and Founder at MovoCash
Across industries, disruptive technologies like artificial intelligence (AI), machine learning (ML) and blockchain are driving a cashless payment ecosystem forward to offer faster and more secure financial transactions. With FinTech at the forefront of this recent innovation, here are my five predictions on the horizon for the banking industry and...
02 February 2021 /regulation /predictions Digital Banking Trends
Serkan Arslan Sales and Business Development Director, CAMS at Fineksus
What does Trade-based Money Laundering (TBML) mean? Trade-based Money Laundering (TBML) is defined as the use of trade activities and transactions to transfer illicit cash of big quantities into legitimized or -in some cases- less suspicious commodities in order to avoid financial transparency regulations. There are different techniques of using T...
01 February 2021 /regulation /crime RegTech
Andrew Stevens Global banking and financial services specialist at Quadient
Last week, the Information Commissioner’s Office announced it has issued fines totalling nearly half a million pounds to four companies making nuisance calls to numbers registered with the Telephone Preference Service (TPS). It is against the law to make marketing calls to numbers that have been registered with the TPS for more than 28 days, unle...
01 February 2021 /regulation /people Customer Service 2015-2019-2025
Tim Page Global Head of Sales at Planixs
The last 12 months have seen the biggest shift for treasurers to assess their current working practices as a number of compelling factors have come together to drive change. In today’s climate, treasury professionals require greater insight and control into understanding their present and forecasted liquidity position. Many retail banks have been ...
27 January 2021 /regulation /retail Treasury Management
Drug Trafficking Is Widespread Drug trafficking is a global problem—and despite decades of research, regulations, and enforcement, it remains a $400 billion global business. Government ministries and agencies around the world continuously monitor and research illicit drug markets to gain a more comprehensive understanding of this nefarious industr...
26 January 2021 /regulation /crime Innovation in Financial Services
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.