1068 Results from 2020
Niall Twomey Chief Technical Officer at Fenergo
The global financial services sector continues to be rocked by a series of regulatory fines and money-laundering scandals, totaling more than US$36 billion in fines over the past decade. In the first of a new series, I explore the key KYC challenges facing financial institutions across the world and the increasing adoption of digital KYC and e-KYC ...
31 January 2020 /regulation /crime Banking Strategy, Digital and Transformation
Gaurav Sharma Sr. Industry Principal at Infosys
While historically, banks have been guilty of slacking when it comes to technological evolution, digital disruption has woken them to a harsh reality. If banks don’t get to where their customers are, new-age competition and those leading the way will do so, and in the process mop the marketplace with the erstwhile giants. It is this race for survi...
31 January 2020 /cloud Banking Strategy, Digital and Transformation
Steve Morgan Banking Industry Market Lead at Pegasystems
Open Banking has fundamentally changed the game for all of us in the banking and financial services sector. With shifts involving customer data, naturally there have been concerns as organisations transform, from how they can get a sufficient return, to the need for security, to the need to adhere to the new regulations. However, Open Banking has ...
31 January 2020 Open Banking
Retired Member
According to UK Finance, over two-thirds of British adults now use online banking, and 48% use mobile banking. This means financial institutions are under pressure to implement the latest identity verification technologies to protect the abundance of sensitive data, whilst delivering a seamless user experience. Current authentication methods are s...
30 January 2020 /security /regulation
Anyone who has spent more than a day in the space acknowledges the urgent need for more clarity on a host of issues related to digital assets, which is to say that regulating markets for digital assets is going to be one of the main priorities in the years to come. The EU's Fifth Money Laundering Directive (5MLD) came into effect on Jan 10 in para...
30 January 2020 /regulation Financial Services Regulation
Robert Siciliano Security Analyst at Safr.me
You have likely heard of the dangers of using unsecure public Wi-Fi, so you know that hackers are out there snooping. It is pretty easy to hack into a laptop or mobile device that is on a public Wi-Fi connection with no protection. Hackers can read your emails, steal passwords, and even hijack your website log ins. Let’s imagine that you are in a...
30 January 2020 /security
Debbie Green VP of Applications at Oracle
The value of a business-focused ERP implementation is often underestimated, and more often than not this is due to a lack of understanding of what this investment means for streamlining businesses processes. Typically, this education process falls to the organisation’s CIO – and whilst the CIO does need to take primary responsibility, finance can ...
30 January 2020 /cloud Finance 2.0
Konstantin Rabin Head of Marketing at Kontomatik
Trading is a complicated process that requires time, attention and resources. While the gains that come from it is what convinces so many people to dedicate a huge part of their lives to trading, as the industry had gotten bigger and stronger the technology is being used a lot more not only simplify the process for the investors but also to save t...
30 January 2020 /inclusion Financial Inclusion
Thomas Pintelon Head of Strategy at Capilever
After the late-2000s (2007-2008) banking crisis, trust of consumers in the banking sector reached an all-time low. While bankers were perceived as a trusted and respected personal advisor a few decades ago, this image has significantly deteriorated, with a steep drop following the financial crisis. Recent years banks have regained some of the trus...
29 January 2020 Financial Risk Management
Henry Iversen Chief Commercial Officer and Co-Founder at Boost.ai
Co-authored with Ramtin Matin, Lead Technological Strategist, SpareBank 1 SR-Bank Artificial intelligence is one of the key components behind the digital revolution in the banking and finance sector. From fraud protection to customer service, there is a seismic shift in how these companies are using technology—
29 January 2020 /ai /wealth Artificial Intelligence and Financial Services
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