Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.
There’s no time to rest for financial services. The unstoppable wave of innovation and change that the industry is riding is showing no signs of abating, thanks to new challenges and opportunities.
#PSD2FinishLine recently started trending on Twitter. As the country slowly grows in excitement throughout the month of November, with the C-word on ... read more
Market uncertainty, a lack of necessary infrastructure and enforced regulatory standards means that the revised European Payment Services Directive (PSD2) may not be actively enforced until mid-2019, ACI Worldwide executives told GTNews at Money 20/20.
New Thomson Reuters research into Know Your Customer (KYC) related challenges impacting financial institutions (FIs) and their corporate clients reveals that many of the issues raised by the company's 2016 survey remain.
On the third day of the annual Money 20/20 conference in Las Vegas the power of blockchain and the deregulation of the US payments industry were hot topics.
Despite the data protection regulation being implemented in 2018, 69% of IT decision makers don’t have the backing of their board to achieve GDPR compliance, according to Calligo.
Tomorrow’s treasurer will undoubtedly need to be tech savvy – as will every senior finance professional. Importantly, they will also have to have the ability to re-imagine their KYC, regulatory and compliance ecosystem if they are to keep up with the evolving regulatory environment and have access to the liquidity and services they require when and where they want them.
Data will become the "centre of gravity" for the new banking business model under PSD2, providing consumers are willing to share their data, argues Dick Oskam, head of transaction services, ING Wholesale Banking.