1148 Results from 2018
Retired Member
Many of us have heard about KYC (Know Your Customers) while opening bank account, Insurance Policy, Investments and Pension Schemes. Bank insist on process to know about the customer before onboarding to their systems. KYC is process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for th
17 December 2018 /security /retail Business Knowledge for IT
Marc Gratacos Founder and Managing Partner at TradeHeader
With the pressures around regulatory compliance only continuing to intensify, the critical role played in the reporting of financial transactions by product category codes has come into ever sharper focus. Product categorization involves comparing products that may be structurally very similar in 99% of their features – it is the remaining 1% that ...
17 December 2018 /regulation Financial Services Regulation
Many regulations impact the way banks and financial services firms make commitments or conduct transactions with partners and customers. This means that they must find relevant contracts, review the affected language, and then make business decisions to revise or novate the contract, renegotiate commercial terms, or terminate to avoid non-compli
17 December 2018 /ai /regulation Fintech
Vishwanath Thanalapatti Analytics at Temenos
When I started my career in banking the universe was very different. Travelling back in time it looks like a different planet altogether. ‘Logan’s Run’ created waves as did ‘The close encounter of the third kind’; Ray Bradbury’s stories transposed one to a different time and space. Customers walked into branches and the relationship managers ceme...
17 December 2018 Digital Banking, Mortgages and Savings
Romal Almazo Emerging Technology and Digital Asset, Adviser at Former Crypto and blockchain leas at CAPCO
This time last year, Bitcoin was nearing its zenith of becoming the biggest asset bubble in history. Driven by irrational investor exuberance and a fear of missing out (commonly referred to as 'FOMO'), it was possible to see 10x price increases across many cryptocurrencies. Stories abound the internet of people turning tiny investments, sometimes ...
16 December 2018 Digital Asset Class (DAC)
Uri Rivner CEO and Co-Founder at Refine Intelligence
It looks serious this time: the Trump administration says it’s ready to hit China with direct sanctions for what the US says is a sustained digital industrial espionage campaign. It’s quite unprecedented – at least as far as US policy is concerned – and is intended to apply real-world pressure on China so it stops what the Western world agrees
15 December 2018 /security Information Security
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Loud and clear - Timmerman's horizontal responsibility (see page 40) https://ec.europa.eu/info/sites/info/files/refit-platform-opinions-v26november2018_en.pdf With GDPR and MyData.org gearing up we will see a rapidly growing stream of RTE-data showing up in Life-event-driven service design. This can become a huge movement once people realize that ...
15 December 2018 /inclusion Fintech innovation and startups
In one of my previous articles, the Hollywood Principle, I introduced the concept of an event-driven architecture. This is a popular distributed asynchronous architecture pattern used to produce highly scalable applications. It is underpinned by asynchronous messaging and often implemented using the Publish and Subscribe (PubSub) pattern. The pre
14 December 2018 /devops Banking Architecture
Personal Financial Management (PFM) has evolved greatly since its birth in the early eighties. Originally developed to bring money management into what was then a widespread technological shift to the nascent personal computer age, PFM has since become a sophisticated means of managing your money. But in its current “visible” guise, PFM is not ne...
14 December 2018 /retail Trends in Financial Services
Numbers are more persuasive; visual representations gravitate bringing the ‘wow’ factor. All this is possible by the sophisticated tools of today that churn large amounts of data into nice beautiful picturesque dashboards. Some look like abstract art that would have certainly thrilled Picasso. The CxOs use these to make ‘fact based’ business deci...
14 December 2018 Data Management 101
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