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Wednesday, May 25, 2022
European Union banks will face higher hurdles in dealing with clients from countries including Saudi Arabia as the bloc moves to tighten controls on illicit financial flows. Panama and the U.S. Virgin Islands will also be put alongside Iran and North Korea on a new EU roll call of 23 […]
I predict we’ll look back on 2019 as the breakthrough year when the U.S. financial agencies moved, each and all, to begin the digital modernization of regulation and compliance. Regulatory change is slow by nature — by design, really, because getting things wrong can do so much damage. It’s also […]
The place of technology has transformed in our lifetime, moving from the mainframe to the palm of our hands. Once it meant efficiency, but now it’s enabling our lives, and whole economies, to change. In the 1970s, my mother was a COBOL programmer, working for Hammersmith Council. There were sandbags […]
Half of consumers in Hong Kong are happy to let third-parties access their financial data so they can access more personalised banking services and higher returns, according to a study from Accenture. Accenture, a financial solution developer, conducted an online survey of 2,010 Hong Kong consumers late last year, with […]
In the year 2018, we saw more improvements for blockchain. Blockchain has been the talk of the town for the last few years. The year 2017 was a groundbreaking year, considering that the price of Bitcoin reached nearly $20k. This indirectly helped make blockchain reach more people, and in the […]
The financial services contracts regime aims to ensure that firms can still fulfill their contractual obligations in the UK for a limited period of time, even if they are outside the temporary permissions regime. The UK Financial Conduct Authority (FCA) has earlier today published further proposals to prepare its regulations […]
NEW DELHI: Digital assistants, social media and third-party channels are expected to be the primary channels for banking by 2022, apart from mobile and online, a report said on Wednesday. “After existing digital channels (mobile and online), digital assistants, social media and third-party channels are expected to be the primary […]
UK banking customer satisfaction levels have increased over the past decade and significantly so in the last five years. The banking sector has undergone rapid changes since the 2008 financial crisis and now Brexit poses a similar uncertainty. It’s essential for banks and building societies to ensure strong customer experiences […]