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

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

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

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

Year end tax headache? Time to go digital

23rd March 2018

Company: CoInvestor
Financial advisers without a digital solution are in danger of getting left behind. Regardless of whether 2018 becomes the year of economic correction as some analysts predict, the shift to alternative assets is gathering pace as investors turn to private equity, infrastructure and property in search of better returns. An ageing demographic... read more

Why banks need to rethink their approach to ATMs and the cloud

22nd March 2018

Company: Auriga
Over the past few years it has been difficult to escape the cloud conversation in the technology space. Efficiency, cost savings and an open, flexible infrastructure are the primary reasons for investment into the cloud and banks have been driving much of this innovation. Not to mention challenger competitors using the cloud to rapidly build a... read more

Fintalk podcast | 100 day countdown to GDPR

22nd March 2018

Company: bobsguide
On 25 May 2018 the General Data Protection Regulation will come into force in the UK, affecting every business that collects data on its customers. Financial services is one of the industries most heavily affected, so are institutions on top of compliance? With 100 days remaining until its implementation date, we take a closer... read more

Entry level analytics and compliance

21st March 2018

It has become apparent that customers interact with organisations in more ways than ever before - email, social media, instant messaging and mobile are just a few in a increasingly growing list. On average, almost six different channels are used during the lifecycle of each customer relationship. With evolving technologies, these channels are bound... read more

Embracing real-time payments: Challenges and opportunities

21st March 2018

Company: Pelican
Since the introduction of ACH payments around forty years ago, the infrastructure of the US payment system has remained relatively stagnant. The last few months, however, have seen a significant shift – arguably the most major since the 1970s – with large banks accelerating the adoption of real-time payments (RTP) schemes. Indeed, an... read more

Digital onboarding: The Missing link in GDPR compliance

20th March 2018

As the May 25 2018 deadline for GDPR compliance looms, financial institutions are busily preparing to offer their customers better data protection and consent options. The market trend seems to be prioritizing and investing in front-end systems first, before turning attention to back-end systems. There are two main reasons for this; the first is... read more