Category: Regulatory & Compliance
Brexit brings early changes to UK banking
To the rest of the world, Brexit has looked something like a celebrity divorce. There are colourful characters, innocent victims and big financial consequences. However, for the payments and banking businesses in the UK, this...
From remediation to disruption: reimagining watchlist screening with modern technologies
In the post titled Time to Reimagine Watchlist Screening, we discussed how legacy technology and approach used in watchlist screening produce suboptimal outcomes, generate too many false alerts, and result in case backlogs and growing...
Time to reimagine watchlist screening
Growing challenges in watchlist screening Recent revelations through major document leaks such as the FINCEN Files, Panama Papers, and Paradise Papers, as well as several instances of regulatory fines and consent orders on financial institutions,...
In the Fight against Financial Crime, Compliance and Fraud Join Forces
In a recent ACAMS* roundtable session titled Yesterday, Today and Tomorrow: The Path to AML and Fraud Fusion, three experts from Bottomline discussed the rising juxtaposition of compliance and fraud and risk management to show...
Navigating the Era of Cybercrime as a Service
Just as banks are digitally transforming their operations, criminals have digitally transformed the way they rob banks. No longer does a crook walk into a bank branch with the hope of getting away with thousands....
To Glimpse the Future of Payments, Look at APAC Today
Asia Pacific (APAC) is playing a key role in the exciting journey to digitization, especially in the consumer payment space. This dynamic region spans huge distances, with many countries and multiple currencies. Asia Pacific has...
The Future of Global Payments and Banking: What Are the Experts Saying?
Bottomline Technologies recently released its second annual look into the future of global payments and banking. The eBook, sponsored by Visa and the Fintech Power 50, is a treasure trove of insights and predictions from...
Open Banking in the U.S.: Ready for Business? Part 1
Part 1: What is Open Banking? Conversations about open banking abound today, but comparatively few about open banking in the U.S. and the impact it will have. Primarily regulation-driven open banking initiatives in the U.K.,...
Open Banking in the U.S.: Ready for Business? Part 2
Part 2: What Challenges Will Be Faced? So what difficulties will open banking in the U.S. pose for financial institutions and beyond? Challenges include a relatively complex regulatory environment, with both state and Federal-level components;...
The Securities Settlement Process – What Does the Future Hold?
Change Is Just Around the Corner With so much movement in the securities settlement process landscape and new regulations on the horizon, it can be hard for Asset and Wealth managers to keep up. Especially...