Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today's instant digital economy, this is ex...
08 September 2023 /identity /crime Digital Identity Management
Ivan Heard Global Head of Fraud Solutions at Quantexa
If you want to understand why something has gone wrong in a financial organization, the best person to start with is most typically the Chief Risk Officer (CRO). A CRO plays a critical role as an organization’s guardian angel to foster and prioritise a risk-aware culture that promotes resilience and adaptability alongside safeguarding long-term bus...
08 August 2023 /regulation /identity Fintech
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Our sacred trust infrastructure mission the incoming autumn will be to: 1. Make it crystal clear to all organisations (especially the in the public and SMEsectors) and most citizens how immensely services at home and at work, productivity, risk management, privacy and the EU single market can be enhanced when all parties (and many things) will ge...
07 August 2023 /inclusion /identity Innovation in Financial Services
Liudas Kanapienis CEO at Ondato
Besides the technical challenges they face protecting their customers from digital risks, telcos also have a big job on their hands when it comes to maintaining regulatory compliance.l AML (Anti-Money Laundering) and KYC/KYB (Know Your Customer/Know Your Business) regulations are having a significant impact on telcos across various jurisdictions. ...
07 August 2023 /regulation /identity Biometrics
Hrefna Sigfinnsdottir CEO Creditinfo Iceland at Creditinfo Group
KYC – Know Your Customer – is about understanding who your customer is and if they are who they claim to be. However, as simple as this sounds, the process and information required to reach that judgement can be complex. Traditionally, KYC has been an indispensable tool for the credit and lending industry, helping lenders perform risk assessment on...
31 July 2023 /identity /crime Banking and Lending Solutions
Nick Mothershaw Chief Identity Strategist at Open Identity Exchange (OIX)
Our research last year revealed that at least six million people in the UK are ‘ID Challenged’. This means that they struggle to prove who they are in order to access the products and services they are entitled to – in both the private and public sectors. Digital ID is rapidly being rolled out by all sectors as the primary way to access those serv...
27 July 2023 /inclusion /identity Digital Identity Management
Retired Member
In the UK, fraud has become a significant concern, to the point where it has been reclassified as a threat to national security, elevating its status to that of terrorism. This highlights the importance of addressing fraud and its associated risks. Among the individuals most susceptible to fraud are politically exposed persons (PEPs) due to their ...
20 July 2023 /regulation /identity Banking Strategy, Digital and Transformation
Adam Preis Global Strategist at Ping Identity
FinTech and banking applications are accessed every day by millions of consumers around the world, and passwords remain the primary method of authenticating users into the service. Yet, they are inherently vulnerable and create risks for every financial organisation that exists. So, how do we mitigate that risk without compromising on experience, ...
17 July 2023 /security /identity Banking
Barley Laing UK Managing Director at Melissa
Speeding up business processes and tasks is something evolving software-as-a-service (SaaS) has been instrumental in delivering. Today, as SaaS reaches maturity, it offers great value to those in financial services to improve the way they operate. Efficient, cost effective and easy to deploy Due to SaaS tools being able to be accessed instantly thr...
14 July 2023 /regulation /identity Banking Strategy, Digital and Transformation
Grant MacDonald Director of Financial Crime at Experian
The growing complexity of the financial sector is creating new opportunities for money launderers. As a result, it is essential that financial institutions are equipped with the appropriate knowledge and resources when it comes to identifying financial crime. Money laundering poses a lasting threat to the global financial system, enabling criminals...
20 June 2023 /identity /crime Banking
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.