Regtech helps finance industry meet compliance pressures

The finance industry is being stifled by legacy infrastructure and bureaucracy, leading to rapidly rising interest in the power of regtech solutions, according to industry analysts. This year has been a watershed when it comes to the legislative burden, with the arrival of the EU’s General Data Protection Regulation, the Second Payment Services Directive (PSD2) and numerous other pieces of disruptive legislation. With substantial fines for non-compliance, the finance industry faces rapidly rising costs unless new ways can be found to efficiently meet legal obligations while also minimising risk.

Regtech helps finance industry meet compliance pressures

Jun 05, 2018

The finance industry is being stifled by legacy infrastructure and bureaucracy, leading to rapidly rising interest in the power of regtech solutions, according to industry analysts. This year has been a watershed when it comes to the legislative burden, with the arrival of the EU’s General Data Protection Regulation, the Second Payment Services Directive (PSD2) and numerous other pieces of disruptive legislation. With substantial fines for non-compliance, the finance industry faces rapidly rising costs unless new ways can be found to efficiently meet legal obligations while also minimising risk.

How robotic process automation can empower CIOs

Proactive business leaders in the asset finance sector should assess the impact of robotic process automation (RPA) and its potential to revolutionise traditionally manual processes. RPA involves the use of software to replace business tasks that are repeatable, effectively mimicking the employee, who can then be deployed on tasks that provide more value to a business. Roles suitable for RPA might include gathering data from different sources or producing reports; replacing manual work with automated processes helps to manage business process complexity, increase efficiencies, and dramatically reduce costs.

How robotic process automation can empower CIOs

May 15, 2018

Proactive business leaders in the asset finance sector should assess the impact of robotic process automation (RPA) and its potential to revolutionise traditionally manual processes. RPA involves the use of software to replace business tasks that are repeatable, effectively mimicking the employee, who can then be deployed on tasks that provide more value to a business. Roles suitable for RPA might include gathering data from different sources or producing reports; replacing manual work with automated processes helps to manage business process complexity, increase efficiencies, and dramatically reduce costs.

Lloyds Banking Group CEO António Horta-Osório outlines four key trends in financial services

Lloyds Banking Group CEO António Horta-Osório has delivered his vision for the future of banking, saying the industry must be open to new ways of working, in partnership with fintech companies and other new players. Partnerships are the only way to “grasp the opportunity” of the digital revolution currently reshaping the market, he said in a recent speech. He said: “To truly reap the benefits of such innovation, we need to tap into the huge potential of the fintech sector. Partnerships between established banks and fintech providers will be of central importance. We know that these relationships can deliver true value.”

Lloyds Banking Group CEO António Horta-Osório outlines four key trends in financial services

May 08, 2018

Lloyds Banking Group CEO António Horta-Osório has delivered his vision for the future of banking, saying the industry must be open to new ways of working, in partnership with fintech companies and other new players. Partnerships are the only way to “grasp the opportunity” of the digital revolution currently reshaping the market, he said in a recent speech. He said: “To truly reap the benefits of such innovation, we need to tap into the huge potential of the fintech sector. Partnerships between established banks and fintech providers will be of central importance. We know that these relationships can deliver true value.”

AF50 Banners UK 2018

Boards need battleplan to combat cyber-attacks

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.

Boards need battleplan to combat cyber-attacks

Oct 20, 2017

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.