Tag Archives: banking compliance

P2P Payments: A Balancing Act Between Ease-of-use And Compliance

Tobias Bumm/ September 28, 2020/ Uncategorized

Peer-to-Peer (P2P) payments are increasingly popular for their simplicity, speed, and global reach. Unfortunately, this also attracts financial crime. But often the responsibilities to fight crime is vaguely split between banks and payment intermediaries. However, both parties are under constant pressure to improve. Not just to keep up with the criminals, but also to keep up with regulators. Overall, the use of P2P payments will most likely increase in the future and therefore trust is crucial for its success.

AI And The Revolution Of The Bank And Customer Relationship

Frank Erdle/ November 18, 2019/ Uncategorized

Digital assistants with Artificial Intelligence (AI) are on the rise in the financial sector.
One in three customers have no concerns using voice commands in banking. How a cutting-edge AI algorithm can lead to better control of sales management and higher business goals.

RegTech – the way to more compliance efficiency

Tamara Tanaskovic/ April 24, 2019/ Uncategorized

At the risk of making it sound simple, RegTech is largely what its name implies: Regulatory Technology. That means the use of new technologies to facilitate compliance with regulatory requirements. In other words, RegTech aims to provide easy-to-integrate and cost-effective compliance solutions. Banks are currently facing the big challenge of coping with the flood of new regulatory requirements, which has

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International Compliance – Obligation or Opportunity?

Matthias Dennig/ March 21, 2019/ Uncategorized

International Compliance In many countries the number of compliance laws and regulations has multiplied over the last decade. This has led to major discussions and a rapid development of the compliance sector. The pressure is high, but it goes without saying, that all national laws and guidelines must be complied with. For international business, things get even more complicated. While

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Regulation of Cryptocurrency – Global Team Work.

Karsten Treiber/ December 4, 2018/ Uncategorized

Cryptocurrencies are developed, motivated by the financial crisis in 2008, to be independent of financial institutions or nations and are traded directly between users by peer-to-peer transaction authentication. In recent years the popularity and the use of cryptocurrencies is steadily increasing and so is the pressure for regulations. This challenges traditional methods of banking compliance. The anonymity, liquidity, and borderless

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