Tag Archives: digitalization

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.

Opportunities for compliance in times of the corona crisis

Tobias Bumm/ May 18, 2020/ Uncategorized

The corona virus has brought about abrupt and drastic changes in our daily lives. The crisis posed several challenges for compliance managers regarding data protection and compliance policies. However, the current situation also offers the opportunity to put existing processes to the test and to advance digitization. And thus to create an efficient compliance management system that creates space for strategic tasks in the long term.

Digital Transformation and Compliance

Tobias Bumm/ October 15, 2019/ Uncategorized

While digitization is progressing, financial institutions are facing difficult tasks. Data is the new precious asset. New technologies must be implemented fast while the daily business runs on the existing system. But challenges are one of the best ways to spark innovation. Interdisciplinary teams have already been formed to embrace this transformation.

Christmas comes but once a year – Gifts versus Compliance

Matthias Dennig/ December 17, 2018/ Uncategorized

Christmas time is the time to give, also for businesses. But is Santa welcomed? While we can look forward to gifts from family and friends carefree, or – if things are not as expected – only with short disappointment till the big annual exchange – presents from business partners may come with legal consequences. Those who give or accept too

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