ComplianceRSS

Correspondent banking: it takes two to tango

Caption 4

The global correspondent banking network is under pressure in several countries as some financial institutions close relationships. While financial inclusion continues to climb the agenda of regulatory authorities and financial institutions pledge their support, the de-risking taking place in correspondent banking threatens to scupper inclusion.

E-Book: In-Memory Computing for Financial Services – Part 1

In-Memory Computing for Financial Services eBook: Part One

Turbocharge high-frequency trading, fraud prevention and real-time regulatory compliance with in-memory computing.

Sibos 2017: treasurers look to tech to untangle knots

Sibos 2017

Untangling the “knots” at global treasuries, especially with regard to bank maintenance issues around know your customer (KYC) and other compliance activities, was the theme of a corporate treasury session yesterday (18 October) at Sibos.

Open banking: nothing personal

Open banking

Financial authorities globally are promoting open banking. While it represents a shift in the mindset of traditional banks, Heather McKenzie, editor of Daily News at Sibos, finds they may be up to the challenge.

Compliance: back to basics

Cybersecurity

Ensuring security on Swift’s network doesn’t have to be rocket science. Getting the basics right will help individual institutions and Swift’s community.

De-risking in trade finance: time to act

Trade finance

As financial authorities express concern about de-risking in correspondent banking, a similar phenomenon is emerging in trade finance, driven by the high costs of KYC compliance.

BIAN unveils API-ready release to boost cloud banking ambitions

Banking API is now a reality Image source: Serpstat

The Banking Industry Architecture Network (BIAN), a not-for-profit fintech industry body, has launched its latest release of its service landscape. Termed SL 6.0, the framework is designed to provide a “globally standardised and simplified” banking architecture structure, using a service-based architecture.

KYC Registry aligns with Wolfsberg DDQ

Swift's gpi now live

Swift is aligning its KYC Registry with the new Wolfsberg Due Diligence Questionnaire (DDQ) for correspondent banks. First issued in 2004, the DDQ was updated in response to regulatory pressure.

Securities markets: standing at the crossroads

At the crossroads

Financial technology has the potential to radically transform the securities industry. The fast pace of change could lead to disintermediation, according to an Iosco study.

Regtech to the rescue

Regtech to the rescue

Regulatory technology (regtech) is often cited as the answer to the rising cost of compliance, risk and reporting duties at banks. Will it help financial institutions escape IT silos and enhance control over data?

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