ComplianceRSS

MiFID II compliance: the essential confluence of regulation, compliance and artificial intelligence

James Foley, Resilient

With the July 2017 publication of its MiFID II Policy Statement, the Financial Conduct Authority (FCA) has signaled the final countdown to the most sweeping changes of governance, protection and transparency for a generation.

Banks, are you a passive data donor or a proactive data seeker?

Louise Beaumont, SapientRazorfish

With the arrival of new regulations, there are two main options for banks: they can choose to become either “data donors” or “data seekers”. These two positions imply opposite approaches to the new banking market that is in prospect, and sharply contrasting mentalities.

Webinar: Lessons learned from the first year of CRS reporting obligations

Webinar

Financial institutions face unprecedented data management and compliance challenges as they continue to grapple with multiplying CRS and FATCA (AEOI) related global tax transparency regulations. A year on from our first FATCA and CRS survey, Thomson Reuters and Banking Technology joined forces to survey the industry – to assess the challenges faced by financial institutions […]

How the new EU payments regulation will help prevent fraud

PSD2

Scott McInnes, partner at international law firm Bird & Bird, discusses how the Second Payments Services Directive (PSD2) will affect companies and what requirements industry players need to know.

Why I believe the US State Department is wrong about mobile money in Africa

Dare Okoudjou, MFS Africa

The US Department of State recently released a report that identified mobile money services as particularly susceptible to money laundering in Africa. It cites services like M-PESA and M-Shwari as “services [that] remain vulnerable to money laundering activities”.

SimCorp bags three wins in asset and investment management space

Simcorp signs large deal with SEB

SimCorp is smiling as it’s secured three sweet wins in the asset and investment management space with C WorldWide Asset Management, Novo Holdings and FIIG Securities. Denmark-based C WorldWide Asset Management (formerly Carnegie Asset Management) has extended its Dimension licence agreement to include Data Warehouse Manager and will be replacing its current reporting solution with SimCorp Coric’s […]

Cybersecurity progress will require speaking the right language

Brian Stapleton, BRG

Elizabeth Denham, the UK’s information commissioner, made an astute point when she recently called for senior bank executives to get the same cybersecurity training as front-line staff, following the global WannaCry ransomware attack. But implementing the kind of comprehensive cyber defence strategy which includes such training will require a monumental culture shift at the top.

Plaintiff appeals UK Competition Appeal Tribunal decision in £14bn suit

Mastercard

Former financial ombudsman Walter Merricks is appealing the UK’s Competition Appeal Tribunal’s decision not to certify his claim in a proposed £14 billion ($18.2 billion) class action lawsuit against Mastercard over interchange.

UK has a go at new data protection laws and it’s not a bad effort

Is there fintech life outside London? Yes, there is. And it is vibrant!

The UK has unveiled details for its new Data Protection Bill, and while it is largely in line with European Union rules, there is also some substance to it (for once).

New state-controlled clearing house to process all payment providers’ transactions in China

china-square-flag

Ant Financial, Tencent and 42 other payments and financial services firms in China have agreed to route their payments transactions through a new clearing house, controlled by Chinese government.

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