Marketing / PR Insights

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“There will be more of a distinction made between banks and non-banks”

14th July 2020

Company: bobsguide
When auditors KPMG discovered a €1.9bn black hole in the accounts of German payments giant Wirecard last month, shockwaves were sent across the financial world. The ongoing scandal has raised questions for many, not least accounting firm Ernst & Young, whose previous audit had failed to uncover the anomaly, and former Wirecard CEO Markus... read more
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Asset managers to increase regulatory outsourcing

23rd June 2020

Company: bobsguide
Regulatory hurdles remain the greatest challenge for asset managers, who will look to outsource compliance burdens as the pandemic eases according to research.   The study, conducted by Northern Trust in the first quarter of this year, found that 50 percent of asset managers cite the regulatory environment as their top challenge when... read more
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Firms embrace virtual business solutions

16th June 2020

While the lockdown has normalised business via web conferencing tools, financial services are being curtailed as institutions are unable to transfer sensitive customer information along ordinary channels.  “In today’s times, making it easy to engage, collaborate and transact business is more than just firing up a conference.... read more
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‘Data to cash’ as a service: Time to invest in open banking

10th June 2020

Company: bobsguide
By Andries Smit, CEO and founder of Upside There are 11.95m+ households in the UK with less than £1,500 in savings. Since early March, the catastrophic impact of the coronavirus has only highlighted further the treacherous situation the country is facing regarding personal savings. For the financial world, this offers a unique opportunity... read more
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Security requirements push customers away from banks

9th June 2020

Company: iProov
Regulations and requirements aimed at making retail banks more secure are driving customers away, according to Aarti Samani, SVP of product and marketing at iProov. A report by IPSOS Mori showed that on average, two-thirds of customers are unsatisfied with their bank in the UK, something that Samani blames on the cumbersome security experience,... read more
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FCA stokes confusion surrounding safeguarding practices

4th June 2020

Company: bobsguide
The UK’s Financial Conduct Authority (FCA) is unclear on guidance to safeguard customers’ funds, says Bob Lyddon, chairman of the Association of UK Payment Institutions (AUKPI). His comments follow an announcement by the FCA on May 22 to propose guidance on safeguarding customers’ funds in wake of coronavirus. The consultation... read more
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IRS solicits contractors to crack down on crypto tax evasion

19th May 2020

Company: bobsguide
The IRS is evolving its efforts to crack down on crypto tax non-compliance, recruiting independent contractors obtain cryptocurrency transactions data. On May 12, software provider CryptoTrader.Tax released an email it received from the IRS, in which the government body said it was “placing a few single-case contracts as pilots with a goal... read more
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Government bureaucracy could be blown away by biometric security solutions

19th May 2020

Company: iProov
Biometric authentication solutions could open a gateway for governments to drive efficiency and reduce bureaucracy, says Aarti Samani, SVP of product and marketing at iProov. The process utilises the unique biometric of an individual to verify that they are who they claim to be and are therefore authorised to access products and services. As... read more
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Podcast: CBILS and SME lending in a crisis with OakNorth

28th April 2020

Company: bobsguide
Since the announcement of the UK’s Coronavirus Business Interruption Scheme (CBILS) for SMEs on March 23, businesses, lenders and the government have all had to adapt to a changing landscape. Through CBILS, firms receive 80 percent of the loan from the government, but the remaining portion must come from a lender. This means lenders still... read more