Banks must educate consumers about fraud says Aite

Banks need to do more to educate consumers about the ways in which they may be exposing themselves to fraud risks, according to a new report by Aite Group using data from ACI Worldwide, which notes that one in four consumers has been victimised by card fraud in the past five years.

MiFID II faces a tough road ahead

Despite last month’s European Parliament vote, MiFID II will continue to be dogged by contentious issues and political infighting between member states ahead of the European elections on 22 May, senior financial industry observers have told Banking Technology.

Market pressures force tech rethink on reconciliation

Global regulatory pressure and the shift to real-time processing are causing banks and major financial institutions to rethink how they handle reconciliation, according to a new report by financial research house Aite.

Extraterritoriality and volumes make future uncertain for CCPs

The number of central clearing counterparties is likely to rise in the near future as new entrants put Latin America, Africa and Australia on the map for OTC derivatives clearing, but with more regulatory intervention expected and unpredictable customer flows, the new venues face an uncertain future

Broker back-ends still outpaced by trading technology

Too many brokers are still using outdated methods such as email and telephone to confirm trade matches, undermining the advantages gleaned from high-performance trading technology, according to a new study by financial research firm Aite Group.