980 Results from /wholesale
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...
02 December 2019 /wholesale /inclusion Financial Risk Management
Eli Taranto Head of Global Business Development at EQIBank
Offshore banking has always carried an air of subversion about it, but following the release of the Panama Papers in 2016 the industry was catapulted into an entirely new and highly critical light. Since that stark revelation of hidden earnings and tax evasion, a shocking $1.2 billion in back taxes and penalties have been collected by governments ...
25 September 2019 /regulation /wholesale Banking Regulations
Retired Member
With the phenomenal growth in innovative fintech tools this year, financial marketers are expected to meet and fulfill every customer need and want. They are increasingly faced with the task of engaging with customers and prospects in more meaningful ways. For optimizing and enriching the customer experience, financial institutions are widely adop...
12 July 2019 /wholesale Banking Strategy, Digital and Transformation
1. Collection of data in its original form Frequent modifications on the original source data makes it difficult for marketers to pre-determine the use of data for their marketing strategies. So it is important to store customer data in its original form to ensure that the data can be useful in the future. A Customer Data Platform designed for fin...
26 June 2019 /wholesale Unified Communications in Financial Services
18 June 2019 /wholesale Fintech
The European Commission is required to review MiFID 2 by March 2020. The German Finance Ministry kicked things off at the beginning of this year by inviting comments from the industry. Attending the recent FIA Compliance and Regulation Forum, I noted that many of the regulators and market participants seem to prefer targeted adjustments over a la...
26 April 2019 /regulation /wholesale MiFID
What does it mean to extend the bank? Traditionally, banks have manufactured, distributed and managed all of their own products and services. The concept of extend describes how this traditional model is changing as the value chain becomes unbundled, the bank ecosystem expands, and other parties become involved in these activities either in collab...
17 April 2019 /wholesale
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
Banks struggle to balance two imperatives: to open their systems to external partners and clients via application programming interfaces (APIs) and to control the user interaction. In order to maintain the direct and captive relationship with their corporate clients, banks are building their own API-based catalogs with high walls separating them f...
21 March 2019 /wholesale API
Expanding roles in wholesale banking have created a push for improvements in service of large-scale corporate customers. From the current states of function, wholesale banking will undergo a restructuring of product developments, a new approach to customer interaction and the employment of digitized practices to increase efficiency. Trends predict...
11 March 2019 /wholesale Banking Strategy, Digital and Transformation
The saying goes, “If it ain’t broke, don’t fix it.” However, in the culture of today’s business market, the saying should be adapted to say, “If the existing risk management program is working, still see if there are areas for improvement with an independent assessment.” The reason is that enterprise risk management (ERM) programs are structured p...
30 January 2019 /regulation /wholesale Banking Strategy, Digital and Transformation
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