Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over 300 billion U.S. dollars. According to the latest estimates, this ...
24 May 2024 /identity /crime Digital Identity Management
Retired Member
Navigating the world of cryptocurrency can be like exploring a new continent, full of promise yet with tons of hidden challenges. I remember a business owner who eagerly adopted Bitcoin as a payment method, only to encounter significant operational hurdles. From volatile price fluctuations to complex regulatory landscapes, the path was full of obs...
24 May 2024 /payments /inclusion Business
Adam Hughes CEO at Amount
As financial institutions look forward to setting their strategies for 2024, many are now working under the assumption that the elevated interest rate environment will be the new normal for the foreseeable future. For the small business banking sector, things at first glance may seem particularly grim. A survey of senior loan officers by the Federa...
23 May 2024 Banking and Lending Solutions
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
In a world where innovation meets finance, fintech companies stand at the forefront of revolutionising how we interact with money. However, with great innovation comes great responsibility, especially when it comes to compliance and Anti-Money Laundering (AML) practices. In this dynamic industry, navigating a complex web of regulatory requirements...
23 May 2024 /payments /regulation Fintech
Kyle Masterson Head of SHIFT at SHIFT Open Finance Community
London - 22 May 2024 - SHIFT Open Finance, the leading invite-only fintech community in the UK, in partnership with Woodhurst, a digital transformation consultancy, proudly announces the launch of the “Ignite” programme. Ignite is an exclusive incubator programme designed to transform disruptive fintech ideas into reality with financial support, ...
23 May 2024 /retail /startups Fintech innovation and startups
Srinathprasanna Neelagiri Chettiyar Shanmugam Manager - Banking and Financial Services at Aspire Systems
This is the first installment in my series of blogs exploring the dynamic world of operational resilience regulatory frameworks, with a special focus on DORA (Digital Operational Resilience Act) and TLPT (Threat Led Penetration Testing). In this blog, I have shared my observations while examining how regulatory changes in the UK, EU, and US are sha...
23 May 2024 /security /regulation DORA AND TLPT
Siobhan Byron EVP, Universal Banking at Finastra
Given the transformative role that finance plays in peoples’ lives, advanced banking products and services should be accessible to all. Financial services should be delivered when and where customers need it, at a price point that is attractive to customers and profitable to financial institutions of all types, including banks, credit unions and b...
23 May 2024 Digital Bank Transformation
Nick Green Director at Purple Patch Broking Ltd
Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build. The challenge is: There’s no silver bullet solution. Given the diversity of fraudulent activ...
23 May 2024 /retail /crime Banking
Chris George Vice President Product at CI&T
Recent news that Barclays is buying the bulk of Tesco’s banking business, and that Sainsbury’s Bank is open to takeover offers, has thrown retail banking’s competition with legacy banks back under the spotlight. Over the last decade or so in the UK, we’ve seen the rise of retail banks and neobanks, like Monzo and Revolut, have a bigger impact th...
23 May 2024 /retail Banking Strategy, Digital and Transformation
Abhishek Bhasin Head of Product at Uplinq Financial Technologies
99% of all the US businesses are small businesses. These 33 million plus businesses employ more than 61 million Americans. They are hotbeds of innovation and growth engines of the economy. US SBA data shows that almost two-thirds of net new jobs over the last 25 years have been created by small businesses, approximately 13 million jobs. Even durin...
22 May 2024 /ai /inclusion Banking and Lending Solutions
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