1148 Results from 2018
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
I covered two Blockchain flight delay insurance products in AXA Fizzy - The New Kid On The Blockchain and Atlas Etherisc – Another New Kid On The Blockchain. In this post, I’ll address the “Why Blockchain?” question. Here’s a quick recap of the background to this question from the first post: ===== ...the techie in me started wondering what stopp...
07 February 2018
Vaibhav Grover Senior Director at Sutherland
What is 'responsible lending' all about? In Australia, Australian Securities and Investments Commission (ASIC) has issued regulatory guidelines that makes it mandatory for the lenders to assess and make sure that a credit facility extended to a customer is 'not unsuitable' for them and customer is able to 'service' the credit extended by the lende...
07 February 2018 /regulation /retail Banking Regulations
Hakan Eroglu Advisor at BIS Innovation Hub (all opinions are my own)
The European Union’s revised Payment Services Directive (PSD2) has paved the way for a new era of Open Banking globally. As a result, it will have huge impacts on business models, security mechanisms and innovation in banking. In my recent conversations with banks, a question that has arisen consistently is how security and innovation can go hand-i...
06 February 2018 /security Open Banking
Retired Member
Financial thefts such as embezzlement & others are supposedly the most usual forms of staff fraud. No matter how credible your workforce is, your organization is never out of the chances of embezzlement or employee fraud. As per the report from Association of Certified Fraud Examiners- A typical company loses 5 percent of yearly revenue for f...
06 February 2018 /security Financial Risk Management
Over the past few months; most of us have been trying to make sense of the actual state of affairs that will occur due to Brexit. We have used our regulatory know how to dissect the legal parts, look at the state of affairs in the market and the various reports from official and un-official sources. The obvious conclusion to draw is that aside fro...
06 February 2018 /regulation
Those of us who have been in the industry for a while will remember what became known as the "Battle of the Bund" back in the early 1990s.The quick version is that newly formed DTB (now Eurex) managed, in just a few months, to repatriate trading in the benchmark Bund futures contract from London based incumbent, LIFFE. It did this by dep...
06 February 2018
Steve D'Souza Business Development at Iress
The world of financial planning and wealth management has been heavily impacted by technology. The advent of mobile devices and cloud computing has ushered a more scientific and mathematical approach to financial planning. This is now within the reach of not only large firms, but also smaller independent advisors. This is also now within the reach...
06 February 2018 /ai
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
Data Governance Policies Need To Be Updated MiFID II is a new exhaustive financial regulation being implemented in Europe as of January 3rd. However, the sweeping legislation won’t only impact European banks. Even U.S. financial institutions are grappling with the changes as they race to implement the necessary changes globally. Also, current U.S. ...
05 February 2018 /regulation Financial Risk Management
Victor Martin CMO at SquareRoot
The environment in the financial service industry is complicated, and this makes business in this industry not so customer-friendly. However, FinTech has been introduced for more than five years now and promises a vast scope for improving customer experience. The FinTech space has a large room for improvement in the traditional FinServe (Financial...
05 February 2018 Fintech innovation and startups
Giles Sergant Director at Consultant
You'd be forgiven for thinking this long awaited and highly revered era of 21st Century 'Open banking' that's just been ushered into the UK with a spirited shove-in-the-back by its Competition & Markets Authority (CMA) hasn't exactly captured the public's interest. Open Banking is the central plank of the second most significant payments dire...
02 February 2018 /payments Open Banking
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