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Category: Operational


Capital and Risk, Operational

How Open Banking Will Revolutionize Business Lending

January 11, 2022

Via: Bank Director

There has been much chatter about open banking over the last couple of years, and for a good reason. If it stays on its current growth trajectory, it could revolutionize the financial services sector worldwide, forcing changes to existing business […]


Capital and Risk, Insurance, Operational

Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks

January 6, 2022

Via: Insurance Journal

The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s Product Launchpad has been created to replace the Product Innovation Facility and enable the Lloyd’s market to keep partnering with […]


Capital and Risk, Operational, Trading

Fund Recovery from Online Trading Scams–How Does It Work?

January 6, 2022

Via: TechBullion

Successful online trading demonstrates that profit is sometimes accompanied by peril. Forex, crypto, binary options, and other trading trends are popular because people believe they can get quick returns if they are fortunate, but this trading is also risky. Even […]


Capital and Risk, Operational

From viral fun to financial fraud: How deepfake technology is threatening financial services

January 6, 2022

Via: FinTech Futures

During the height of the pandemic in 2020, UK online fraud rose by a third according to a Which? survey, while EY estimates financial crime is costing up to $3.5 trillion a year in the US. This has created an […]


Capital and Risk, Channels, Operational

Accepting Payments? Here’s How To Avoid Internal Data Conflicts

December 27, 2021

Via: TechBullion

Business owners know that data entry errors can lead to a lot of wasted time and money. But they also may not realize the extent to which those errors could be avoided by taking small precautions. For example, if you’re […]


Capital and Risk, Operational

CBI: Collaborative open finance ecosystems for a market success story

December 13, 2021

Via: FinTech Futures

Therefore, incumbent and new PSPs have started offering financial services to a variety of stakeholders, including public governments, corporate and retail customers, with the aim to maximise the opportunities stemming from advanced technologies. These include, among the others, application programming […]


Capital and Risk, Operational

Regulator Warns Banks That Ransomware Attacks Are Rising

December 7, 2021

Via: Insurance Journal

A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The Office of the Comptroller […]


Capital and Risk, Operational

Federal Regulators Adopt New Computer-Security Incident Notification Requirements for Banks and Service Providers

December 2, 2021

Via: JD Supra

In response to increasingly frequent and sophisticated cybersecurity attacks on banks and bank service providers, the federal prudential banking regulators—the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal […]


Capital and Risk, Operational

What is the next stage of open banking and how do we get there?

December 1, 2021

Via: FinTech Futures

As open banking evolves, it creates more opportunities for those whose job it is to develop propositions and the customer experience. Technology managers will have a lot more to consider too, and the most successful organisations will be those able […]


Capital and Risk, Operational

5 Reasons Why Ransomware Costs are Getting Higher

November 17, 2021

Via: TechBullion

The ransomware epidemic has been ongoing for many years now, with no end in sight. The ransomware cost is getting higher and higher for both companies and individuals alike. Here are five reasons why the ransomware cost is getting higher: […]