Category: data protection

Explore the RegTech Revolution

Temenos Looks To Replace Old Legacy Banking Systems

Although mainframe bank legacy systems have persisted far longer than most people thought likely a few years ago, that may be changing at last as some vendors develop phased replacement. “Banks aren’t going to jump to pull out that complete heart all at once, “ said Jay Mossman, CEO of Temenos  North America. “We offer…
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13th February 2019 0

Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations

Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. The Bank of Spain’s notice, issued Feb. 10, followed an official blog post published two days earlier, which had outlined the institution’s stance on cryptocurrencies, their characteristics, and their legal status in Spain and the wider European…
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12th February 2019 0

The swift climb of regtech: How technology is transforming regulatory compliance

Having emerged from obscurity to be the new buzzword, here’s what you must know about regtech. Worldwide, financial services in all forms are subject to extensive regulatory supervision for the protection of a large number of stakeholders. Regulatory compliance – characterised by long and tedious processes and costs – has largely been considered a “necessary…
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6th February 2019 0

European Regulators Call for Common EU-Wide Regulatory Approach for ICOs

The European Securities and Markets Authority (ESMA) has published its advice to the European Union (EU) institutions on crypto-assets and initial coin offerings (ICOs) regulation, calling for a common EU-wide regulatory approach. In its advice paper, ESMA notes that some member states have or are considering introducing crypto-assets related rules at the national level. Though…
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1st February 2019 0

Security Is a Priority as We Digitally Evolve

Security and data protection should be our number one priority. As companies worldwide are adopting technologies like big data, cloud, AI-enabled IoT (Internet of Things) and mobility, security becomes a top priority. But the digital era calls for a different approach to security. The current focus on securing network perimeters needs to shift to safeguarding…
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22nd January 2019 0