Risk Management Systems Insights
13th April 2018
This editor's picks is all about real use cases of blockchain in the financial industry, in preparation for our live podcast on Monday 16th at 10:30am "How long until blockchain makes a telling contribution to financial services?".
Together with IBM, Barclays and exciting newcomers, Synswap, we'll dash away Monday... read more
12th April 2018
There’s more to a transaction than the simple exchange of goods or services for money. Each is a relationship – an engagement that involves the sharing and exchanging of trust, value, and in some cases, data. That’s part of the reason why it’s so vital to verify customer identities at the onset of a relationship.
Much of... read more
11th April 2018
The clock has started ticking on individual member countries’ translation of the revised Shareholder Rights Directive (SRD). The first tranche of measures, as adopted by the European Council (EC), are set to be implemented into national law by member states by June 2019. That may seem like plenty of time to prepare, but be forewarned: The... read more
10th April 2018
The Futures Industry Association (FIA) – the industry body representing organisations active in the trading and clearing of listed derivatives and over-the-counter (OTC) derivatives – says members are looking into how blockchain and distributed ledger technology (DLT) can be used to their advantage.
Greg Wood, senior vice president... read more
10th April 2018
In the last few months there have a been a number of well-known companies that have unfortunately hit the headlines for the wrong reasons - Carillion, Toys-R-Us, New Look, and more recently House of Fraser. As outsiders looking in, it’s easy to pass comment on how these companies managed to get to the position of being on the brink of... read more
9th April 2018
A number of news stories in 2017 detailed the radical methods being employed to evade sanctions controls, for example, through the transfer of commodities from ship-to-ship in international waters to avoid a vessel entering a sanctioned territory. This trend appears to have continued into 2018, with a recent case emerging in which a ship-to-ship... read more
9th April 2018
“We are living in extraordinary times: when trade wars, unwindling of globalisation and volatility across markets has become the norm,” says Yvonne Zhang, now CEO and co-founder of tech outfit Aquifer Institute.
Zhang says shifting global conditions, as well as the ever-increasing search for arbitrage within financial markets, have... read more
28th March 2018
With the number of mobile phone users in the world expected to pass five billion by 2019, one would think that, regardless of geography or economic status, every adult would be granted the same services, applications and opportunities.
Yet, one major service that is not universal is access to affordable, quality banking. But what may come as a... read more
27th March 2018
Already this year, financial institutions have overcome one major regulatory hurdle in the form of the Markets in Infrastructure Directive (MiFID) II. However, the May 2018 General Data Protection Regulation (GDPR) hurdle is looming ahead, threatening to present banks around the world with conflicting and challenging data collection and protection... read more
26th March 2018
The term ‘financial crimes’ often brings to mind issues such as fraud, lottery scams or credit card skimming, but today there are far-reaching crimes that many fail to consider. This includes money laundering, human and drug trafficking, the financing of terrorism, and the bribery of public officials, all of which are much broader... read more