Posts Tagged ‘Financial Institutions’
Why 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 MoreTechnology vendors eye FX client onboarding opportunity
Regulatory technology vendors are relishing the prospect of helping banks minimize FX client onboarding errors, but in a world where legacy systems remain commonplace, regtech is not always an easy sell. Anti-money laundering (AML) and know-your-customer (KYC) regulations require financial institutions to carry out due diligence on their customers. Verifying the identity of these customers…
Read MoreWhy banks still won’t take advantage of fintech skills
Fintechs have the technology and expertise to transform core banking systems for incumbent institutions, so why aren’t banks taking advantage? We’ve heard it all before: incumbent banks need to transform their legacy systems, whether to meet the shifting regulatory landscape or purely just to remain competitive. But while many fintech firms have developed the software…
Read MoreFintech Startups Tackling Regulations
The world of fintech continues to expand each and every year and in the process has forever changed the way in which we interact with financial firms. This revolution has turned many industry segments on their head including payments, lending and crowdfunding, data and analytics, investing, digital currencies and many more. One of the less…
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