Risk Management Systems Insights

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Will disintermediation happen through the blockchain?

13th April 2018

Company: bobsguide
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
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New technology is reshaping how identities are verified online

12th April 2018

Company: Trulioo
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
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Getting ready for the Shareholder Rights Directive

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
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FIA: DLT could have impact on derivatives space

10th April 2018

Company: FIA
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
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Financial controls - how transparent is your control landscape?

10th April 2018

Company: AutoRek
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
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How banks should monitor suspicious shipping activity

9th April 2018

Company: Accuity
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
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Zhang: Extraordinary global conditions are driving fintech developments

9th April 2018

Company: bobsguide
“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
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Banks are not the answer: How blockchain can bank the unbanked

28th March 2018

Company: Veridium
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
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MiFID II vs GDPR: Striking a balance between KYC and data privacy

27th March 2018

Company: Fenergo
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
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Why working in silos is a killer when battling financial crimes

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