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Getting to grips with payment rails

All businesses, no matter their scope or specialty, handle payments. The ability to do so is essential to the smooth running of any organisation, however, as basic as this concept may sound, the underlying infrastructure of payments can be difficult to grasp. To the consumer, not much thought is given to the exact payment systems that facilitate th...

/payments /startups

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Retired Member 

Biometric payment cards: Benefits, misconceptions, and future adoption

Adoption of biometric payment cards is increasing across the globe, and there are many reasons for this. Let’s start with regulatory compliance and enhanced security. The recently imposed Strong Customer Authentication (SCA) under the Second Payment Services Directive (PSD2) requires banks to perform more checks to confirm the identity of a consum...

/security /payments Biometrics

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Retired Member 

Developing a successful multi-cloud strategy for banks

The cost-efficiency potential of the cloud is attracting banks and financial services companies to ditch their legacy platforms and modernise their systems with cloud technologies. This would have been unthinkable even a few years ago, but we’re seeing the beginning of a new era for the industry as traditional institutions face stiff competition f...

/cloud Banking Strategy, Digital and Transformation

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The battle against financial terrorism demands every tool in the box

Meeting the requirements of ever-evolving anti-money laundering (AML) and counter terrorist financing (CTF) laws, regulations and guidance is no mean feat. The sheer depth and breadth of requirements from such as wide range of bodies, can be daunting for even the most seasoned industry experts. The first place they might look in relation to AML ...

/regulation /crime

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Banking on Ad Fraud Prevention and Growing High-Street Accounts

Over the past few years, the banking and financial services landscape has transformed massively. Where once the large conglomerates and legacy banks dominated the industry, the rise of ‘Challenger Banks’, modern banks that compete directly with traditional institutions, has created a revolution in financial services. With so many providers now com...

/security /devops Marketing in Financial Services

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Breaking down the UX v UI divide

In the first part of this blog, I looked at the blurring of lines between UX and UI design, and the consequences of this. In part 2, here is a deeper dive into how to engage the two types of designer. So how do you tell the difference between a UX designer who’ll be able to do the job you need doing as opposed to the UI designer that’ll do the jo...

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Insurance-linked investments are opening up new opportunities for diversification

The current volatile economic environment, with the war in Ukraine, interest rate uncertainty, and the lingering effects of COVID, has enforced the need for investors to diversify their portfolios with uncorrelated assets. Insurance-linked investments, once dominated by catastrophe coverage, actually have a variety of options that, while lesser-kn...

/startups /markets Alternative Investments

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Are you sure you know the difference between UX and UI design?

There’s been a lot of blurring of lines, confusion of definitions and land-grabbing going on in UX and UI, design and architecture, and it’s creating problems for people who really don’t need more than the ones they’re currently trying to solve. It all comes down to a very simple issue – UI designers don’t get paid as much. Oh, comparatively they d...

Retired Member

Retired Member 

Women in Compliance: tips on how to successfully scale up a compliance team

I have recently posted about our conversations with Stephanie Feldt, Chief Compliance Officer & General Counsel at Trading.com and Shelley Schachter-Cahm, Chief Compliance Officer at CEX.io. Today, I’ll tell you more about our chat with Livia Benisty, Global Head of Business AML at Banking Circle. Livia has a wealth of experience in the Finan...

/regulation /people Women in FinTech

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Four Key Challenges and Strategic Considerations of ISO 20022 on Banks

The global adoption of ISO 20022 open message standard is the most far reaching widely underestimated development in the global payments industry to date. ISO 20022 goes someway to address inherent problems of a multitude of payments messaging formats and interoperability issues. The implementation of ISO 20022 however comes with significant oper...

/payments

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