Tag: financial industry

Explore the RegTech Revolution

European Supervisory Authorities calls for improved clarity on cross-border activities

The Joint Committee of the European Supervisory Authorities (ESAs) calls for more clarity on activities carried out through digital means, in the new report. In a new report on the cross-border supervision of retail financial services, the ESAs has identified the main issues national competent authorities (NCAs) face with supervising financial institutions that provide cross-border…
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11th July 2019 0

Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips). While payment messages cross the Swift network in real-time, the settlement and receipt of funds in the beneficiary account can lag by several days when entering national domestic…
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5th July 2019 0

Banking regulations and fintech compliance: A two-fold approach to risk management

Financial technology, or fintech, companies are revolutionizing the services offered by financial institutions. However, innovation isn’t without risk. We break down the risks and how to approach your risk management program for all parties. Fintech companies are on the rise and rapidly replacing traditional banking functions with smart technology. Banks and credit unions are collaborating…
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9th May 2019 0

Mercury Payment Solutions and Arion Bank Select Fiserv Anti-Money Laundering Technology

(NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than 1,200 organizations worldwide that rely…
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2nd May 2019 0

Wiring financial organisations for regulatory success

Regulatory compliance is a time and resource-consuming burden for every financial institution – since the global financial crisis, regulatory requirements have increased exponentially. Regulators are increasingly demanding more detailed information, and firms now have to demonstrate greater levels of responsiveness, accuracy and monitoring of their data, transactions, governance and policies. More complex regulatory requirements mean…
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1st April 2019 0