Tag: banking

Explore the RegTech Revolution

What the hell is a blockchain phone—and do I need one?

The first wave of crypto-focused smartphones from big players like Samsung is a small step toward a decentralized web. The crypto world is full of buzzwords, but if you can peel away the marketing fluff, you sometimes find innovation beneath the surface. You are often also reminded just how early it is in the history…
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19th March 2019 0

iSign International works with SoftPoint to create ‘unhackable digital wallet’

US-based cybersecurity solution developer iSign International has partnered with SoftPoint to build a secure, ‘unhackable’ digital wallet. By working together to create qkerPAY, the companies are hoping to give consumers and businesses a secure platform for online and offline payments. The new solution claims to be unhackable and this is achieved by utilising iSign’s six-factor…
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13th March 2019 0

The rise of ‘GiantTech’ poses a giant test for regulators

It’s almost become a distant memory, the near collapse of the financial system. Regulators were overwhelmed by increasing technical complexity, competitive product innovation run amok and global financial institutions that leap-frogged sovereign regulatory boundaries. Regulators, with no global framework to conduct oversight and decades of laissez faire regulation, had neither the tools nor the manpower…
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12th March 2019 0

How can banks build a genuine, effective digital culture?

The huge global increase in connectivity, prompted by the launch of mobile devices, has affected banks just as much as retailers. As a result, financial institutions have had no choice but to put digital at the front and centre of their strategies – using technology to enhance the customer journey at every touch point, personalising…
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11th March 2019 0

CubeLogic acquires Energy and Commodity Surveillance provider FERDEC

Transaction surveillance capabilities to be fully integrated within the RiskCubed risk management suite of solutions Thursday 7th March 2019 – London and Berlin. CubeLogic, the leader in business intelligence (BI) enabled risk management solutions, announces the completion of a significant acquisition of Berlin based FERDEC. FERDEC provide market leading transaction surveillance solutions for Energy and…
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7th March 2019 0

Data breaches reported by UK financial services increases by 480%

The amount of data breaches reported by UK financial services to the Financial Conduct Authority (FCA) increased by 480 per cent last year, a study from RPC claims. Figures increased to 145 in 2018 up from 25 in 2017, of which, the retail banking space seeing the largest percentage growth in breaches. In 2017, there…
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5th March 2019 0

Visa and Mastercard could raise interchange fees

According to a report from the WSJ, Visa and Mastercard are considering raising interchange fees on card transactions in the U.S. Visa and Mastercard generate most of their revenue from these small processing fees, and it could have implications for merchants and fintech startups. When you pay with a credit or debit card, merchants pay…
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4th March 2019 0

New ECB guidelines extend active monitoring to intraday liquidity – but are banks ready?

November 2018 saw the publication of the ECB’s final guides on banks’ internal capital and liquidity management. The non-legally binding guidelines, which came into effect on 1 January 2019, focus on financial institutions’ internal capital and liquidity adequacy assessment processes (ICAAPS and ILAAPS). The new guidelines make clear the ECB’s desire for banks to strengthen…
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27th February 2019 0

Don’t just check that box. What if regulatory compliance actually enhanced business innovation and performance

“For companies, regulatory compliance does not mean just checking a box to keep the dogs at bay. It can mean achieving performance benchmarks that move the company forward,” says Ronald Lear, the CMMI Institute’s Director of IP Development. Organisations of all sizes are coming to grips with an increasingly troubling paradox. On one side, regulators…
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26th February 2019 0

Transforming the Service Desk: Adding AI to the Team

As the workplace becomes increasingly digital, enterprise IT departments are adding a new member to the team: AI technology. Digital transformation has greatly enhanced enterprise productivity. Cloud solutions have replaced outdated, on-premises systems and bulky, physical assets are disappearing from desks. But the increasing number of digital users also produces mass amounts of service requests.…
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25th February 2019 0