PSD2 open banking; What does it all mean and where is it going?
PSD2 open banking is now less than three months from the first key milestone; Financial Institutions (FIs) must be live for external testing on March 14th, 2019.
Compliance Compendium: GDPR, that’s fine!
The year anniversary for GDPR is coming up in May, but so far, fines have not been anywhere near as much as was expected, Compliance Compendium chief business development officer Gareth Gadd explains why fines have been small so far, and why that's soon to change.
To beat financial crime, organisations can no longer afford to not share data
Financial criminals are winning, so organisations need to be more vigilant and work together to combat it, according to Anthony Quinn, founder and CEO at Artic Intelligence.
Selfie-based identification solutions are not compliant with KYC AML
Technological solutions to verify the identity of natural persons by taking pictures of IDs or passports and recording a few frames or user’s face do not comply with the legal regulations
Compliance leaders percieve the RegTech challenge as a ‘massive headache’
The wave of new regulations being deployed is being seen as “just layers of costs on top of the business” by some compliance leaders, according to Axioma managing director and head of risk solutions Ian Lumb.
Banks need to be prepared to fail to keep up with change
Banks need to take more risks and be prepared to implement something that might fail, according to a panel at the Global RegTech Summit 2018.
How can RegTechs ease the adoption by financial institutions?
RegTechs should focus on going for smaller branches and countries to prove their technology works, which in turn will make it easier to scale up, according to a panel at the Global RegTech Summit 2018.
How can a machine readable regulatory environment transform and change the financial landscape?
The biggest challenge in the financial services industry is the sheer number of regulations and the speed at which regulatory complexity is increasing according to Ralf Huber, co-founder of Apiax.
RegTech is coming ‘out of the cold’ to ease the pressure on compliance teams
The regulatory environment is creating the perfect storm for RegTech to ‘come out of the cold’ and help solve real challenges according to Anthony...
KYC eyes Series A funding, decides against ICO to ‘stay above board’
KYC is looking to raise capital through a Series A funding in Q1 2018, with ICOs being ‘a recipe for disaster’ according to CEO Claus Christensen.
