Category: banking industry

Explore the RegTech Revolution

Regtech is Ready for a Breakthrough in Latin America

Craig Dempsey is the CEO and Co-Founder of Biz Latin Hub, a firm that helps both local and foreign companies establish and operate their businesses successfully in Latin America through a full suite of back-office services. Before becoming a business owner and entrepreneur, Craig served as an Australian military officer. He is a professional mechanical engineer…
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24th January 2020 0

HSBC launches real-time payments for business clients

HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike.  HSBC’s Treasury APIs embed payment capabilities into other workflows. According to the bank, this allows treasurers to make payments from their own workstations without logging into a…
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23rd January 2020 0

How to build a culture of compliance

Regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively mitigate their exposure to risk. With scrutiny around regulatory compliance increasing, regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively respond to, and mitigate, their exposure to risk; with substantial…
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16th January 2020 0

Mastercard turns to AR to visualize loyalty benefits

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At Mastercard, we’re using our technology and solutions to deliver multisensory…
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14th January 2020 0

US blockchain firm Securrency secures $17m funding

Fintech and regtech infrastructure firm Securrency has picked up Series A funding of $17.65 million for its blockchain-fuelled ambitions. WisdomTree Investments led the round. Other participants include the Abu Dhabi Investment Office through its Ventures Fund, Japanese financial services company, Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments,…
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8th January 2020 0

13 Changes Coming To The Banking Industry

Very few industries have a long history and stability the banking industry has enjoyed. Banks depend on the firm trust of their customers, and as a result, change usually takes a long time. However, in recent years, members of the banking sector have realized that evolution is necessary if they are to remain relevant in…
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7th January 2020 0

Temenos adds wealth management apps to Temenos Infinity for Retail Banking

Temenos adds wealth management apps to Temenos Infinity for Retail Banking, broadening services to increase retail banks’ competitiveness Robo-Advisor and Goal-Based Investing bring a fast-to-market, personalized, digital wealth experience to retail banking customers GENEVA, Switzerland – December 18, 2019 – Temenos (SIX: TEMN), the banking software company, has strengthened its cloud-native, cloud-agnostic Temenos Infinity for…
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19th December 2019 0

Security in the supply chain – a post-GDPR approach

A year and a half after the introduction of the EU’s General Data Protection Regulation, Fieldfisher’s James Walsh reviews the fundamentals of supply chain security. Not that long ago, businesses were rushing to put in place contractual terms with their processors to comply with the General Data Protection Regulation’s (GDPR’s) requirements for the appointment of…
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18th December 2019 0

EU Agrees Steps Toward Tighter Money-Laundering Supervision

European Union finance ministers on Thursday backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks. The EU last year experienced its largest money-laundering scandal when it emerged that 200 billion euros ($220 billion) in suspicious payments were made between 2007…
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13th December 2019 0

BIS wants central banks at center of digital cash revolution

Central banks must embrace the revolution underway in digital money to ensure they remain at the heart of the global payments system, according to the head of the Bank of International Settlements. Agustin Carstens’s argument is that while the private sector “excels at customer-facing activity,” central banks provide the basis for trust, ensure liquidity and…
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12th December 2019 0