Nick Green

Join the Community

21,438

Expert opinions

43,598

Total members

353

New members (last 30 days)

142

New opinions (last 30 days)

28,480

Total comments

Join Sign in

Director

Purple Patch Broking Ltd

Member since

07 Dec 2020

Location

Stratford-Upon-Avon

View Nick Green's full profile

Nick's opinions

Breaking down The Economic Crime and Corporate Transparency Act

The Economic Crime and Corporate Transparency Act (ECCTA) introduces key changes to Companies House, aiming to enhance the accuracy and reliability of business information. Designed to enhance transparency and combat economic crime, here’s how it will help: Reforms to Companies House: The ECCTA mandates that companies must have an ‘appropriate ad...

23 July 2024 /retail /crime Banking

Optimism returns to Fintech: How firms can support growth with the right data

The fintech industry has faced major hurdles due to economic ups and downs and changing regulations. This has forced fintechs to rethink their rapid growth plans. Unbridled expansion is no longer viable. Now, fintechs must prioritise sustainable and profitable growth over the long term. As a major contributor to the economy, the UK fintech sector ...

20 June 2024 /retail /crime Fintech

Untangling the maze of fraud prevention solutions in financial services

Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build. The challenge is: There’s no silver bullet solution. Given the diversity of fraudulent activ...

23 May 2024 /retail /crime Banking

Preventing APP fraud: Essential strategies for banks

APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up 22% in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has ...

21 May 2024 /retail /crime Banking

Financial crime assessment with perpetual KYC oversight

Economic crime costs have escalated to an estimated £290* billion annually. Compounding this issue, billions are believed to be laundered through the UK finance system every week. And that’s why there’s a renewed focus on Know Your Customer (KYC)—specifically continuously monitoring it. Knowing your customers is crucial for financial institutions ...

25 April 2024 /retail /crime Financial Risk Management

FCA and BoE data sharing changes: the impact on lenders

With the BoE and FCA’s renewed focus on improving data collection and sharing within the credit information market, the industry has rightly raised questions. What impact will these changes have on lenders? Do they really support market growth for the good of all? And what do lenders need to do to prepare? To find out more, for this article, we spo...

23 April 2024 /regulation /retail Banking

Monitoring financial crime services: Avoiding excessive bureau fees

Financial crime damages the trust and stability that the economy relies on. As criminals use more advanced technology, there's a bigger need for smart and quick action—extending far beyond regulatory adherence. And that’s where the bureaux come in. Bureaux play a key role—using powerful tools to analyse data and spot risks before crime occurs. The...

21 March 2024 /retail /crime Banking and Lending Solutions

Financial crime prevention: Credit provider's cutting-edge approaches

Credit providers understand the critical challenge with the rise of complex financial crimes, from cyber theft to money laundering. Criminals are using advanced technologies—the same ones that make digital banking possible—to break through security defences. In response, credit providers are forced to constantly modernise their approach to crime pr...

19 March 2024 /regulation /retail Banking

Reducing risk and spend during times of unpredictable inflation

Andrew Bailey is under pressure. While there’s been progress in getting UK inflation down, it’s too early to declare victory, just yet. If they cut interest rates too soon and too rapidly—they risk a resurgence of price pressures. If they wait too long—they could do unnecessary damage to the economy, consumer affordability, and labour market. At t...

15 February 2024 /regulation /retail Banking

FCA's latest Consumer Duty warning: A call for smarter credit data management

The FCA recently unveiled new consumer protection guidelines that signal a major shift in credit data management. These rules require financial services firms not only to meet formal compliance standards but also to proactively consider customer interests and welfare. In addition, the FCA simultaneously signaled that crowdfunding and peer-to-peer ...

13 February 2024 /regulation /retail Banking