How is year two of GDPR going to differ from the first?
Keeping an eye out for what people are getting fined for will be a large part of year two of GDPR compliance, according to Renata Hoes, Chief Compliance Officer and Data Protection Officer at Generali Investments Luxembourg.
Aqubix: Using the risk-based approach to your advantage
Taking a risk-based approach during the due diligence process is often perceived as purely cost. It’s also something that will always be asked for by regulators, and costs are continuing to increase whenever there are new clients.
Specific exemptions in data sharing restrictions for AML would help combat occurrence rates
Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.
Has Open Banking realised its potential or is this just the beginning?
Open Banking has got off to a good start, but it’s time for it to capitalise on the full benefits it can give consumers and the market, according to Justin Fitzpatrick, CEO at DueDil.
Theta Lake’s 5 step guide for video communication compliance in financial services
Communication monitoring and compliance platform Theta Lake has offered its five-step guide for financial services looking to improve their compliance with recordings.
Integrating biometrics is becoming more crucial for firms, with regulators driving adoption
Regulators have been critical for the adoption of improved verification technology such as biometrics, according to Ashim Banerjee, CEO at IDMission.
Financial institutions need to find balance in cybersecurity of new technology but also legacy...
Interrelating both legacy security systems and new ones are posing the biggest threat to online protections of financial services, according to Alex Doll, founder and managing general partner at Ten Eleven Ventures.
What makes a RegTech appealing to an investor?
When investing into RegTechs, it is essential to find companies with technological expertise but also in-depth understandings of financial institutions’ processes and complexity, according to Astrid Freier CEO and co-founder Reg Tech Berlin.
‘SM&CR is more than just good governance’ – how tighter accountability is impacting firms
Financial institutions initially underestimated SM&CR but are beginning to realise its profound impact and the level of change it requires, according to Carl Redfern, co-founder and compliance director at Redland.
A suspicious transaction database is needed to help battle money laundering and fraud
A centralised database for suspicious transactions would be the best way to help financial institutions improve the fight against money laundering and fraud, according to Pedro Pinto Coelho, CEO at Banco BNI Europa.
