1068 Results from 2020
Ray Brash CEO/CoFounder/Investor/CFO/Payment Expert at SESANTIPAY ADVISORY
During his 1962 State of the Union Address, John F. Kennedy declared: “The best time to repair the roof is when the sun is shining”. While the original philosophy behind the sentiment wasn’t intended for organisations, per se, it’s an apt quote when reflecting on fintechs in light of COVID-19. We are all aware that the pandemic has shut down our n...
09 June 2020 /payments /covid-19 Fintech
Adam Krug CLM Ambassador at Pegasystems
2019 saw the FCA dishing out the highest level of fines ever, totalling nearly £400m in a twelve-month period. This included hefty penalties relating to anti-money laundering failings. However, in the FCA’s 2019 thematic review the organisation did provide its recommendations for how banks can better their AML processes, stating, “For an effectiv
09 June 2020 /regulation /crime Financial Services Regulation
Hans Tesselaar Executive Director at BIAN
The famous basketball player, Michael Jordan once said: "Talent wins games, but teamwork and intelligence win championships." In team sports, collaboration and teamwork play a deciding role in success or failure. When it comes to banking, however, it seems to be that collaboration will be its downfall. Retail banks compete against one an...
09 June 2020 /retail /wholesale Banking Architecture
Mike Laven CEO at Currencycloud
As many parents of adult children do, I recently offered to help my son manage his mortgage application. And, while I was of course delighted to see everything go through in the end, part of me wished I hadn’t got involved. The bank’s processes were ugly and cumbersome, with seemingly endless paperwork, various mobile portals and old-world ways of...
09 June 2020 /payments /covid-19 Payments strategies 2015-2020-2030
Chris Principe CEO at APB, Inc.
Bond-Fires of the Vanities, The US Government plan to save the Bond Market, Many of you may remember the 1987 Tom Wolfe book that became the 1990 movie “Bonfires of the Vanities”. The story is about a Wall Street hotshot who watches as his high-flying lifestyle goes down in flames. The origin goes back to Florence, Italy, 1497, when the spiritua...
08 June 2020 /wealth /crypto The Payments Business
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
Late 2018 into early 2019, there was increasing attention put on foreign direct investment in sensitive sectors by several major jurisdictions. At that time, the driver for this focus was a volatile political landscape stemming from the breakdown of trade between the US and China, as well as uncertainty of the US’ involvement in NATO and Russia’s ...
08 June 2020 /regulation /markets Financial Services Regulation
Retired Member
Over the last few months, we have been presented with more e-commerce and online offerings than ever before. From online shopping to virtual gym classes, the pandemic has accelerated the move towards a fully digital world. Unfortunately, this growing digital presence leads to a rise in cyber-attacks, too, and more specifically, fraud. Even before ...
08 June 2020 /identity /crime Digital Identity Management
The economic impact of the coronavirus pandemic has cast a bright spotlight on the inefficiencies in the way many firms do business, forcing them to adopt new operating models to stay relevant, productive and, ultimately, afloat. Companies will always seek to minimise risks, especially in an ever-evolving environment of increased volatility, uncert...
08 June 2020 /markets /covid-19 Blockchain Observations
Konrad Litwin Global General Manager - Testing at Perforce Software
Using advanced mathematical modelling for calculating, predicting and evaluating risk is nothing new. Financial institutions of all kinds have long been using numerical libraries, whether home-grown or from a third party, containing mathematical, statistical and — increasingly — machine learning algorithms. However, the increasing complexity, mark...
08 June 2020 Analytics in Banking
Steve Morgan Banking Industry Market Lead at Pegasystems
The response of the UK government, like many others, has been opening up government backed loan support for businesses. As of the first week of June, over £31bn has been borrowed, although the Coronavirus Business Interruption Loan Scheme (CBILS) has an approval rate of only around 50%. The government’s alternative scheme prepared for smaller bu...
08 June 2020 /people /covid-19 Operational Risk Management
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