Category: management

Explore the RegTech Revolution

Welcome to the Google Bank – Your Everyday Banking from Google, NOT a Bank.

Google is the latest tech company trying to get a stronger footprint into financial services. The project is codenamed Cache, and the Alphabet subsidiary is expected to launch a checking account sometime next year. The accounts will be managed by Citibank, and a small credit union at Stanford University. According to Google, Citibank will handle the financial plumbing. In this regard, is…
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9th December 2019 0

Revolut launches GBP Direct Debits, providing another key service to customers

Revolut has today launched GBP Direct Debits for all EEA customers with local UK account details, the latest feature added to its global financial retail and business platforms, as it continues to scale and build towards becoming a global bank. The new functionality will utilise Modulr’s Direct Debits Mandate service, adding another essential feature that…
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29th November 2019 0

Regtech can help mitigate risk in the property sector

If estate agents want to defeat criminal activity, they must be willing to incorporate more specialised regulatory technology (regtech) into their processes. Regtech that features advanced ‘augmented intelligence’ solutions can significantly ease the legislative burden for businesses. These solutions use hundreds of terms in multiple languages to perform real-time searches on the surface and deep…
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27th November 2019 0

HSBC picks MuleSoft’s open-banking solutions in push to comply with PSD2 rules

Big lender HSBC has taken another step towards re-imagining its offering for the 21st century by leveraging MuleSoft’s application-building platform. The new partnership will see HSBC use the Anypoint Platform to build a digital banking platform with APIs that create better solutions for customers. Thanks to the partnership with the Salesforce company, HSBC has been…
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26th November 2019 0

ESMA and the FCA respond to yet another Brexit delay

Brexit has been delayed again, with the EU granting the UK another three-month extension to sort out its divorce from the other member states. The EU granted the extension until January 31 on Monday this week. Donald Tusk, the EU council president, warned that this delay “may be the last one”. Now, both British and…
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1st November 2019 0

Payments Regulation – Restriction or Growth Opportunity?

The platform economy and cryptocurrency spaces are booming global industries. But as a result of regulatory changes, they’re not easy spaces to penetrate. PSD2 was introduced in January 2018, dictating that non-regulated businesses who held customer funds were no longer acting compliantly. Prior to this, businesses had been able to hold funds citing the Commercial…
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29th October 2019 0

Innovative Technology That Works for Compliance

Most organizations think their compliance training efforts reduce regulatory fines; however, a 2016 survey found only 66 percent of organizations measure the effectiveness of their compliance training. Considering the cost of compliance violations, you would think more organizations would want definitive performance improvement data. So, why not measure? Often, it’s simply a lack of infrastructure.…
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24th October 2019 0

7 Tech Trends to Watch Out for In 2020

This current year has already ushered in a tidal wave of tech innovations, from the rise of social robots and personal assistants to Amazon Prime’s one-day delivery gamble and the proliferation of voice search. The latter alone became a $1.8B retail segment in the US in 2017 and is predicted to rise to around $40B by 2022. Amazon Prime’s…
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22nd October 2019 0

UK Contactless Payments Grow

New data from U.K. Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. In July of this year, cardholders in the U.K. made 1.5 billion transactions with their debit cards, which is a jump of 8.9 percent from the previous year.…
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18th October 2019 0

AISPs: The Future of Money Management

Business models and tech aside, Open Banking companies look set to change the way we handle our cash Since the European Union introduced the second Payment Services Directive – or PSD2 – in January of last year, there’s been an explosion in the number of new financial technology companies entering the market. In the UK,…
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23rd September 2019 0