1148 Results from 2018
Retired Member
The inexorable advance of new technologies; artificial intelligence (AI), machine learning (ML), big data and cloud computing are transforming financial institutions and markets. Machine learning in particular, is rapidly gaining traction in the world of model risk management, where the increased number of models to be managed, requires a consolid...
21 June 2018 /ai /regulation
Ambrish Parmar Digital Leader, Strategist, at Thought leader and Start-up Advisor
Time to read: 5 minutes for a different prespective It is 2025, the mainstream proliferation of Artificial Intelligence (‘AI’), Internet of Things (‘IoT’), Robotics and Virtual Reality (‘VR’) is complete. High street bank branches have been confined to history, and have been replaced by hairdressers, nail bars and pet stores. Bizarrely, whilst we ...
20 June 2018 /retail Banking Strategy, Digital and Transformation
At the FCA’s recent asset management conference, the regulator revealed that it will be undertaking a ‘diagnostic’ review of a range of organisations on the topic of research and inducements. With more than $1bn being spent on dealing commissions, the regulator indicated that it wants to be sure that such a vast sum is being spent wisely, and not...
20 June 2018
Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited
Background AnaCredit (analytical credit dataset) is a three-stage project that was launched by the European Central Bank (ECB). In April 2014, ECB had announced the establishment of a central credit register that would be updated with granular credit (individual loan level), counterparty, and credit risk/exposure data of all of the credit institut...
20 June 2018 /regulation Banking Regulations
Ørjan Bagn Head of Service Design at DNB
Just last week I was part of launching DNB ID, an app making it possible to safely and securely identify people regardless of nationality, using a phone, passport and face. I work in DNB (Norway’s largest financial institution) where we each year have over 80.000 passport based identifications. This could be related to customer on-boarding, transa...
20 June 2018 /regulation Digital Banking Trends
Time to read: 5 minutes to gain a different prespective A decade after the financial crisis the banking landscape has altered dramatically. There are now signs of real recovery following a period of intense competition, significant digital disruption and an unprecedented wave of regulation and conduct risk sanctions. Institutions are returning pro...
Time to read: 5 minutes The rise of the algorithm | governed by the algorithm Last week the UK Regulators’ (FSA and PRA) jointly issued a significant individual penalty and organisational special requirements sanction against a UK universal bank for conduct violations*. Having occupied senior leadership roles on a number of UK conduct risk/past bu...
20 June 2018 /ai /retail Banking Strategy, Digital and Transformation
Stuart Lacey Founder at Trunomi
Digital marketers are struggling to get value for money from their spend. Consumers, increasingly put off by ads that interfere with their online experience, are opting in ever larger numbers for ad blocking, or exercising their new rights under GDPR to turn off marketing. So while algorithms are able to make digital marketing more and more targ...
19 June 2018 /regulation Data Protection Act Issues
Jared Ronski Co-founder at MerchACT
In 2017, U.S. online retail experienced the largest year to year growth since 2011, and ecommerce represented 13 percent of total retail sales. Clearly, consumers like shopping online, and that trend is only expected to grow. And if you’re a startup, it’s absolutely vital your payment experience is user-friendly: 75 percent of startups fail, and t...
19 June 2018 /payments /startups Payments strategies 2015-2020-2030
In wake of the Cambridge Analytica scandal, the real price of ‘free’ tech platforms has been exposed. Access often comes at the cost of handing over reams of your personal data. GDPR, data protection regulation that triggered the inbox-cluttering privacy emails in May, should help protect consumers by requiring companies make clear what personal
19 June 2018 Fintech
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