Articles

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Editor’s picks: the financial industry’s response to GDPR

2nd April 2018

Company: bobsguide
In which department does GDPR sit? How will GDPR affect me? What happens if I’m breached? What are the fines? No, really, what are the fines? Thus reads the internet history of any number of data protection officers in the financial industry. May 25th, implementation day, is 56 days away. As part of our ritual (and sadistic) reminders,... read more
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Who will change first – banks or their customers?

29th March 2018

The customer is often considered king, but it’s debatable how many organisations embrace this perspective. Of course some are better than others, and the most successful enterprises constantly adapt to meet evolving customer expectations. Those that have followed this key business rule have come to redefine and raise the standard of customer... read more
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How Brexit will shape the payments landscape

29th March 2018

Company: bobsguide
Brexit stunned financial markets. As regulators in Paris were in the midst of establishing the largest set of rules to define European markets ever - in the second Markets in Financial Services Directive (Mifid II) - the UK’s determination to leave the European Union caused uproar across the continent, raising a multitude of questions for... read more
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Banks are not the answer: How blockchain can bank the unbanked

28th March 2018

Company: Veridium
With the number of mobile phone users in the world expected to pass five billion by 2019, one would think that, regardless of geography or economic status, every adult would be granted the same services, applications and opportunities. Yet, one major service that is not universal is access to affordable, quality banking. But what may come as a... read more
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Cash flow forecasting – more than just safeguarding liquidity

28th March 2018

“We don’t need cash flow forecasting” – statements like this are frequently heard at companies with significant cash reserves. They often highlight concerns about major internal expenses as capturing the relevant data can tie up significant resources. Modern cash flow forecasting, however, is about far more than... read more
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Why blockchain won’t save payments…yet

27th March 2018

Company: Hyperwallet
It seems like we can’t go a single news cycle without a dozen or so articles outlining the catastrophic plunge or meteoric rise of any one of the hundreds of cryptocurrencies now flooding the market. While it’s great to see innovation in the financial arena, I can't help but wonder: should the payments sector really be a place where... read more
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MiFID II vs GDPR: Striking a balance between KYC and data privacy

27th March 2018

Company: Fenergo
Already this year, financial institutions have overcome one major regulatory hurdle in the form of the Markets in Infrastructure Directive (MiFID) II. However, the May 2018 General Data Protection Regulation (GDPR) hurdle is looming ahead, threatening to present banks around the world with conflicting and challenging data collection and protection... read more
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Why working in silos is a killer when battling financial crimes

26th March 2018

The term ‘financial crimes’ often brings to mind issues such as fraud, lottery scams or credit card skimming, but today there are far-reaching crimes that many fail to consider. This includes money laundering, human and drug trafficking, the financing of terrorism, and the bribery of public officials, all of which are much broader... read more
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How ISO 20022 is driving the Canadian payments migration

26th March 2018

Payments infrastructures worldwide are facing intense pressure as the pace of change in the payments ecosystem continues to accelerate. End users demand faster payments and service providers want to be able to offer new services that differentiate them, while at the same time regulatory demands are increasing. In Canada, as in many other... read more
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The evolution of correspondent banking | Editor’s picks

23rd March 2018

Company: bobsguide
For many years correspondent banking was something of a forgotten element in financial services. The main reason for this was inertia in the market; banks were perfectly content with their correspondent banking relationships and the utility of the SWIFT network, which evolved little for decades. All that has changed in the past decade, and the... read more