4231 Results from /regulation
Riten Gohil Director & Co-Founder at Sphonic
Is Identity Broken? Identity is broken, or many will have you believe so, in reality it sort of works allowing hundreds of millions of consumers and businesses around the world to activate and access services around the world. Clearly more needs to be done, and the industry is burgeoning with new solutions, approaches, strategies and movements to ...
11 January 2021 /regulation /identity Finextra site news
Alistair Catto Managing Director at Beyond
Recent analysis conducted by LexisNexis highlighted that many financial institutions are struggling to complete their implementation plans for the Fifth Anti-Money Laundering Directive (5AMLD). Even more troubling was that many of those surveyed were not even aware of its key purpose. So what activities should banks be focusing on to ensure their ...
11 January 2021 /regulation /crime Banking Regulations
Luke Hinchliffe Head of Marketing at Arachnys Information Services
The onboarding process for opening corporate accounts at banks is littered with friction points. But it’s not just the customers who are suffering, it’s also the banks themselves. It is evident just how difficult the onboarding process is for banks: 90-120 days to onboard corporate banking customers (Oliver Wyman) 307 employees to work on KYC adhe...
08 January 2021 /regulation /crime
Retired Member
Electronic payments have made a huge impact on the lives of millions of Indians in the last few years with various options to make and receive payments in a timely manner. With that in mind, RBI has recently regulated for all Payment System providers, that any payments made on Indian entities for domestic payments transactions has to be stored on...
08 January 2021 /payments /regulation Fintech
Christopher Smith Director at Mail Manager Ltd
The increasing volume of data that financial firms hold is making it difficult for them to control information and ensure sensitive correspondence is managed effectively. This lack of data management control is putting financial firms at enhanced risk of data breaches, insider attacks and poor client service. For example, research from Varonis fou...
04 January 2021 /regulation Data Management and Governance
Nazar Korshivskyi Legal Counsel at Solid
GDPR. I bet you may have heard this abbreviation previously. Two years in, this European data protection regulation has become well-known for its hefty fines, new obligations and a broad geographical scope not limited to the EU. But is the GDPR applied correctly? In practice to date, there are still lots of questions and pitfalls. One of the first...
23 December 2020 /payments /regulation Data Protection Act Issues
Cyril Lalo CEO at ellipse Inc.
Risk of over €100 billion in lost sales (1) Surge of CNP fraud in other regions of the world without SCA Focus on qualifying transactions within exemption categories Since 2015 Merchants and payment card Issuers have been grappling with the impact of proposed new regulations from the European Banking Authority (“EBA”). The latest release of regu
22 December 2020 /payments /regulation Dynamic Card Security Code, CNP & eCommerce Forum
Richard Blore Chief Executive Officer, KY3P, IHS Markit at IHS Markit
Those of us who work in financial services are keenly aware that third-party risk management (TPRM) continues to be a key area of focus for global financial services regulators. Recently, we have seen consultations from the Bank of England and the International Organization of Securities Commissions (IOSCO) as well as a legislative proposal from t...
21 December 2020 /security /regulation Banking Regulations
Jane Zimmerman Principal Solution Marketer at Oracle
Money Laundering in the World of Fine Art Criminals remain relentless in their quest to stay one step ahead of the law. The connection between money laundering and the rarified world of fine art is a perfect example of their nefarious creativity. While no one knows how much money is laundered through art, art and collectible wealth held by ultra-hi...
17 December 2020 /regulation /crime Innovation in Financial Services
ISO20022, also known as the universal financial industry message scheme, is the platform proposed by the International Organization for Standardization (ISO) to develop all financial messages. It is not a suite of message standards, but a recipe to develop message standards for all domains in the financial industry. The main ingredients being synt...
17 December 2020 /payments /regulation Banking Regulations
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.