Category: Fintech

Explore the RegTech Revolution

Payments modernization: Addressing threats and assessing new opportunities

Payments modernization initiatives around the globe have long been a topic of huge interest and are at different stages of implementation in different countries. Time and again, it has proven to be a catalyst for the transformation that has fueled innovation. Canada is now completely into this modernization party, driven by the modernization agenda and…
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9th September 2019 0

What is strong customer authentication and why should you care?

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities. Things are about to change in a big way for financial services companies. On September 14, 2019, the EU’s Revised Payment Service Directive (PSD2) will be fully implemented. Parts of…
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16th August 2019 0

5 ways how to resolve the regulatory banking puzzle

Koen Vanderhoydonk from Blanco, a scaling regtech company founded in The Netherlands shares his insights on the current regulatory challenges in the financial industry and how regtech can help. Following the 2008 financial crisis, the financial sector has experienced an increase in regulation and in the disruptive use of technology in the field. Traditional banks…
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13th August 2019 0

The ethical use of data for training machine learning technology

Adoption of AI technology is accelerating at a rapid rate. Gartner has forecast that by 2020, AI will be a top-five investment priority for more than 30 % of CIOs. A McKinsey study estimates that tech companies are spending somewhere between $20bn and $30bn on AI, mostly in research and development. While the social utility…
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31st July 2019 0

ACI Worldwide announces new RegTech tools to comply with upcoming strong customer authentication rules

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU’s Revised Payment Service Directive (PSD2) snapping into action in September. The new rules will introduce regulations regarding strong customer authentication, or SCA. This means customers will have added protection when paying online. When…
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30th July 2019 0

How Wealth Managers Are Using Technology To Understand Their Clients Better

The dynamic playing out across the banking landscape—from retail to private wealth management—is one where technology-driven offerings and platforms increasingly define the brand and the personal relationships underlying the business. Services have been changing since the arrival of digital platforms and the deployment of technologies like artificial intelligence. Now it’s vital for wealth managers to…
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25th July 2019 0

Kalyera and Epiphany join forces in new partnership ahead of the September PSD2 deadline

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes. However, the two will do more than…
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23rd July 2019 0

How to build the regulator’s confidence in the cloud

When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing and if banks understand the process of managing these obstacles. Part of the answer lies in the cloud…
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22nd July 2019 0

Technology Overtakes Regulation as Key Driver of Change in Compliance

Compliance and the role of the compliance officer have changed significantly over the past decade as a result of escalating regulation, technology development, an increasing focus on culture and conduct risk, and the ever closer relationship between compliance and the business. Automation has also come to the fore as compliance departments working with rising volumes…
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3rd July 2019 0

How Regulated Industries Can Put Their Compliance On Autopilot

Corporate compliance is a hot topic these days. From the General Data Protection Regulation (GDPR)’s the big introduction in the EU last year to the daily headlines about data breaches, we’re constantly reminded of the impact and costs of noncompliance. For example, in 2017, Nissan Co. lost its ISO 9001 certificates on quality management for domestic…
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28th June 2019 0