Category: impact

Explore the RegTech Revolution

Banking software company Temenos acquires Logical Glue for £12m

By scooping up London-based Logical Glue, Temenos is strengthening the legal compliance of its banking platform. Launched in 2012, Logical Glue uses artificial intelligence (AI) to inform better decisions through huge data sets. This is particularly useful for banks as global regulators are increasingly mandating that customers have the right to know how automated decisions…
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19th July 2019 0

Fintech game is now global

Historically, financial services was a local player’s game. Just look at the top 5 banks in Canada, US, UK, Canada, France and China in the chart below, ranked by total assets. There is nearly no overlap. US UK Canada France China JP Morgan Chase HSBC Royal Bank of Canada BNP Paribas Industrial and Commercial Bank…
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4th 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

Top 5 ways GDPR has impacted digital banking

In its first year of operations, GDPR has created a more challenging regulatory landscape. However, it also presents new opportunities for the digital banking sector Having reached the one-year anniversary of the implementation of the General Data Protection Regulation (GDPR), we can now begin to assess how the past 12 months have marked a transition…
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27th June 2019 0

Identity custodians needed in digital era

Digital identity systems will fail if they do not take humans into account, warns identity innovator, suggesting that a ‘digital guardian’ could help overcome most of these challenges Most people would like to have a single, verified and validated digital identity that can be used to access all services, according to John Erik Setsaas, vice-president…
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25th June 2019 0

Tip of the ice-berg for tech regulation: automated facial recognition technology

The judgment of the High Court is awaited in relation to a judicial review claim brought by Ed Bridges against the Chief Constable of South Wales, alleging that the police force’s use of automated facial recognition technology (‘AFR’) breached his human rights and data protection legislation. The case represents a microcosm of the debate on…
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19th June 2019 0

Compliance embraces tech to drive competitive advantage

Emerging technologies are revolutionising legacy systems and taking the brunt of the heavy lifting for compliance teams Once viewed as a straitjacket by many financial services firms, compliance is undergoing a metamorphosis driven by new technology. Compliance departments, galvanised by customers and amplified by technology, are changing for the benefit of everyone. Driven by regulation…
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14th June 2019 0

Protecting Data Flow in Shifting Privacy Regulations

In the face of political uncertainty, organizations are challenged every day to keep the personal data they hold safe across their entire ecosystem. They must be sure that their partners, suppliers and other third parties are also keeping the organization’s data safe. As well, the growth of technologies such as machine learning and artificial intelligence…
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11th June 2019 0

IDEX Biometrics partners with Tongxin Microelectronics to create biometric card

IDEX Biometrics fingerprint identification and authentication solution builder, is collaborating with Tongxin Microelectronics (TMC) to create a biometric card. TMC, a China-based smart card builder, will work with IDEX to build a biometric smart card solution for end-customer implementation. The card will be a dual-interface solution which combines the biometric sensor of IDEX with the…
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10th June 2019 0

The future is digital. So, how will it change the business world?

We live in a world consumed by smartphones, new technology and intelligence, which is critical to our connected lives, one in which people can talk, search, interact and buy in real time. We’ve come to expect the same frictionless experience we have online and on our phones in the real world. Paying virtually, either by…
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22nd May 2019 0