Regulation
How to Select the Right KYC Onboarding Solution
It wouldn’t be an exaggeration to say there are hundreds of KYC onboarding solutions in the market. Literally hundreds. From algorithmic forgery detectors to specialists who corroborate one’s identity via a video call using nothing more than their eyes; from tailored-to-the-client to off-the-shelf solutions; from the very cheap to the extremely expensive; the market offers…
Read MoreThe ‘Data Finder’ and the ‘Workflow’ – What to Look for in a KYC/AML Solution?
There are a lot of companies out there offering KYC/AML solutions but they aren’t all offering the same thing. In fact, KYC/AML solutions generally fall into two distinct categories – ‘the data finder’ KYC/AML solution and ‘the workflow’ KYC/AML solution. And then Muinmos came along and we added a category all of our own ‘the…
Read MoreThe Suitability and Appropriateness of Boardgames
What is the Suitable and Appropriate Weight of a Boardgame? Suitability and appropriateness doesn’t apply just to buying financial products. Let’s take boardgames as an example. If you’re a boardgame enthusiast like me, you probably know boardgamegeek.com. And you probably spend quite a lot of time there. Especially before buying a new boardgame online. My…
Read MoreUsing Automated Technology to Create a More Robust Risk Infrastructure
Ask the Expert: SAJID ZAMAN, OPERATIONS ASSOCIATE & US ONBOARDING LEAD AT XPANSIV Sajid Zaman has over a decade of experience in client onboarding from global financial institutions including JP Morgan, Deutsche Bank, Scotia Bank and Santander. He has a strong track record in leading client onboarding teams, managing the client onboarding function and helping…
Read MoreYour KYC/AML Platform Plays A Key Role In Winning The Customer Experience Battle
Financial institutions no longer onboard clients; clients onboard THEM – so if you don’t have the smoothest of onboarding processes, supported by the most user-friendly and efficient KYC/AML platform and onboarding tools, you are in danger of alienating clients from the outset. You only get one chance to make a first impression – so make…
Read MoreInterview with Muinmos CEO, Remonda Kirketerp-Moller: Tightening Regulation Increases Need for RegTech Solutions
RegTech is the management of regulatory processes within the financial industry through technology. The main functions of RegTech include regulatory monitoring, reporting and compliance. Today, Fazzaco invites Remonda Kirketerp-Moller, Founder & CEO of RegTech firm, Muinmos to share her views on RegTech solutions and the influence of tightening regulation from ESMA, ASIC and other regulators…
Read MoreUK FCA Issues a Statement on Regulatory Permissions
We are very excited and pleased to see the UK FCA issuing a statement on Regulatory Permissions and asking firms (and other regulated firms from outside the UK) to regularly review their regulatory permissions. I wrote an article about this very issue in the RegTech Book titled Passporting in the EU – Is an Opportunity also a Problem.…
Read MoreHow UK and Third Country Financial Institutions Relying on the Reverse Solicitation Regime under MiFID II Can Service Clients in EU Member States
Are you a UK or Third Country financial institution relying on the Reverse Solicitation Regime under MiFID II (i.e. at the client’s own exclusive initiative) to continue to lawfully service some clients in the EU Member States? Are you aware that some of the EU Member States have expressly disallowed reverse solicitation as a method…
Read MoreWhat will Brexit mean for UK FinTech?
The UK is home to one of the world’s most thriving FinTech and RegTech communities, but Brexit has raised concerns about whether the future of the ecosystem is at risk. Brexit is still happening. With the contentious US presidential election having just been settled and the coronavirus pandemic still raging, the UK’s exodus from the…
Read MoreWhy Brexit will continue to be a big challenge for financial services firms
Despite being more than three years in the making, the UK’s divorce from the EU is still a cause of great uncertainty for financial services firms. The negotiations have currently come to a stalemate as most European nations are busy dealing with the coronavirus outbreak. Not only has the pandemic put the negotiations on hold, but so…
Read More