Insights

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Scope of FCA’s cryptoasset AML regime unclear

11th December 2019

Company: bobsguide
The UK's Financial Conduct Authority (FCA) is unsure as to whether international firms conducting cryptoasset activity in the UK will be subject to the country's new anti-money laundering (AML) regulation. National regulators have until January 10 next year to incorporate requirements under the fifth anti-money laundering directive... read more
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Treasurers’ priorities today will shape the banks of tomorrow

11th December 2019

Company: Finastra
The IDC Global Corporate Treasury Survey 2019 conducted by IDC in partnership with Finastra provides a unique snapshot of corporate treasurers’ current and future priorities. Looking across the findings, one of the most striking is that 47 percent of the respondents can see opportunities for banks to enhance their offerings and deliver... read more
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Ripple “growing quickly” but may wait to review transaction data publications

10th December 2019

Company: bobsguide
Ripple may review its policy around publishing transaction data but not until it experiences more growth according to Marcus Treacher, senior vice president of customer success of the blockchain-based payments software firm. “We’re a very young network, it’s growing very quickly. When you get to a point when you’ve got a... read more
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How AI can combat the growing menace of trade-based money laundering

9th December 2019

Company: Pelican
The menace of trade-based money laundering (TBML) is an increasing, yet often under-reported, financial and reputational risk to banks and a growing concern to governments and regulators. Transnational crime is worth up to $2.2trn each year and much of it is facilitated by various forms of trade-based money laundering. A PWC report stated that... read more
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Cash management for multinationals and global banks

9th December 2019

Managing cash across multiple banks usually involves numerous tokens to access proprietary and isolated bank portals, or for the more complex treasury operation, different file or SWIFT based links to each bank. As a consequence, information is not always consolidated for ease of reporting and intuitive cash management. Lengthy waits for... read more
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The new radicals: a better approach to wealth technology

9th December 2019

The wealth industry has never found it easy to implement systems and adapt to new technologies. One reason for this is that there is a cultural divide between people who work in IT and people who manage money. That gap is reducing but nevertheless it remains. Compounding the issue, the technology landscape is now changing faster than ever and... read more
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Report: FIs warned to prepare for quantum threats

6th December 2019

Company: bobsguide
Once considered too futuristic to pose a real risk, quantum computers will soon become a reality – and financial institutions (FI) are not yet prepared to deal with potential threats to cybersecurity. The industry remains split on how soon the day will come when the vision of the next high-tech assaults become a reality. Financial service... read more
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Enough is enough: the onslaught of FS regulatory demands won’t cease, so capital markets participants need a new approach

5th December 2019

After more than a decade of intensifying regulatory scrutiny, and calls for greater transparency across financial markets, it is striking that so many capital markets participants are still mired in compliance-related IT and data complexity without an end in sight. Ultimately, this is because they have not solved some fundamental trade data... read more
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FIA Tech’s Davis: Futures industry must prioritise tag 1031 codes

4th December 2019

Company: bobsguide
Brokers, exchanges, and clearing houses must make implementation of the Future Industry Association (FIA)’s execution source codes a priority to reduce friction in brokerage settlement according to the head of strategy for FIA Tech. “In the absence of the tag, the clearing broker has no idea how the trade was executed... read more