Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd
In the past, buying or selling a stock meant waiting two business days for the trade to settle (T+2). This meant a two-day gap between agreeing on a price and actually receiving the stock and money. As of May 28, 2024, the US market has moved to a T+1 settlement cycle. Trades will now settle in one business day, reducing the risk involved f...
28 May 2024 /payments /regulation Post-Trade Forum
Helena Wood Director of Public Policy at Cifas
With a General Election announced for 4 July, now is the perfect time for a stock take on the progress made over the past decade in relation to tackling fraud. For the most part, this was a decade in which fraud felt like the Cinderella of the criminal justice system; a crime neglected by politicians and police alike while other crime types receiv...
28 May 2024 /regulation /crime Exposing Financial Crime
Adam Lieberman Chief AI Officer at Finastra
With the explosion of Gen AI in recent times, financial services organizations are looking to harness the technology to its fullest potential. Early forms of generative AI have been used across the industry for a decade, particularly in the form of synthetic data generation, but fear and fascination dominate boardroom conversations in equal mea
28 May 2024 /ai /regulation Artificial Intelligence and Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In Ten Revolutionary Things About AI - Part 1, we described five gamechangers about ChatGPT and other Generative Artificial Intelligence platforms. In this Part 2, we shall cover five revolutionary things about AI. 6. Weird Regulatory Proposals There are broadly two lobbies for regulating Gen AI: A) Closed Source (via Sam Altman and Vinod Khosla)...
28 May 2024 /ai /regulation
Francesco Fulcoli CCO at Flagstone
In a world where innovation meets finance, fintech companies stand at the forefront of revolutionising how we interact with money. However, with great innovation comes great responsibility, especially when it comes to compliance and Anti-Money Laundering (AML) practices. In this dynamic industry, navigating a complex web of regulatory requirements...
23 May 2024 /payments /regulation Fintech
Srinathprasanna Neelagiri Chettiyar Shanmugam Manager - Banking and Financial Services at Aspire Systems
This is the first installment in my series of blogs exploring the dynamic world of operational resilience regulatory frameworks, with a special focus on DORA (Digital Operational Resilience Act) and TLPT (Threat Led Penetration Testing). In this blog, I have shared my observations while examining how regulatory changes in the UK, EU, and US are sha...
23 May 2024 /security /regulation DORA AND TLPT
Simon Luke UK Country Manager at First AML
When you think of money laundering, you may picture an underworld of hidden criminals doing dark deeds. You may also think of the real world consequences, which can result in the exploitation of vulnerable people across the globe. Clearly, our collective goal needs to be disrupting the flow of dirty money wherever possible. With such high stakes, ...
22 May 2024 /regulation /crime Financial Services Regulation
Simon Axon Financial Services Industry Lead, EMEA & APJ at Teradata
The implications of Ben Bernanke’s review of forecasting for monetary policy making at the Bank of England go far beyond the Bank itself. His recommendations lead with a call to accelerate the modernisation of software used to manipulate data as rapidly as feasible. The Bank should certainly expand investments in creating the flexible, scalable an...
21 May 2024 /regulation Analytics in Banking
Elias Thomaidis Sales Director - Payments at Aspire Systems
Introduction In today’s fast-paced world, people expect quick and easy payment options. SEPA Instant Credit Transfer (SCT Inst) delivers just that! Launched in November 2017, SCT Inst is a real-time payment system that allows for instant transfers of Euros between accounts in the Single Euro Payments Area (SEPA). This means you can send and receiv...
20 May 2024 /payments /regulation SEPA and European Payments
Martin Bradbury Regional Director, Financial Services UK&I at Dynatrace
Financial services providers are essential for the modern world, supplying the systems critical to the flow of business. Ensuring these systems are resilient and available 24/7 is vital to upholding customer trust, driving business continuity, and maintaining regulatory compliance. The Digital Operational Resilience Act (DORA), a European Union (...
20 May 2024 /security /regulation Banking Regulations
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