financial-institutions
Top StoriesUBS Faces Big Penalty Over Credit Suisse’s Archegos Failings -Ft
BankingWorkload Automation and Orchestration to Eliminate the Risks of Homegrown Scripts for Financial Institutions
Top StoriesInsurers Flee Climate Alliance After ESG Backlash in the U.S
Top StoriesRipple Buys Crypto Custody Firm Metaco for $250 Million
Gleif and OpenCorporates Expand Partnership to Increase Legal Entity Transparency in Global Markets
Date: April 20, 2023
LEI-mapping capability enhanced as LEI data links to corresponding records in OpenCorporates database 18 April 2023 – Basel – The Global Legal Entity Identifier Foundation (GLEIF) has announced that LEIs have been linked with corresponding records in OpenCorporates’ global database of legal-entity data, thanks to an expansion of a long-standing partnership between the two organizations....
Risky Business: Fatf Short Lists Identify Global Anti-Money Laundering Deficiencies
Date: April 18, 2023
Three times a year, the Financial Action Task Force (FATF) identifies and documents countries with strong AML controls relating to the FATF 40 recommendations and those without. Those countries with sufficient cause for concern that they have insufficient controls but are committed to improving their controls are added to the FATF watch list, referred to...
Sovereign Debtors, Creditors Agree on Steps to Jumpstart Debt Restructurings
Date: April 13, 2023
Sovereign debtors, creditors agree on steps to jumpstart debt restructurings By Andrea Shalal WASHINGTON (Reuters) – Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data sharing and clearer timetables. The World Bank, International Monetary Fund and India, current president of...
Optimising Payments – and the Transition to ISO20022
Date: March 13, 2023
Payment models are changing radically, creating both challenges and opportunities for financial institutions. New digital-only banks have accelerated innovation, while the pace of global change has created a new competitive landscape. UK financial institutions also face the additional pressures created by the need to migrate to new technology platforms to support ISO20022 based real-time and...
Fraudsters Targeting Mid-Sized Financial Institutions – Framl Technology Counters Attacks
Date: March 1, 2023
By Eric Tran-Le, VP & Head of Premier, NICE Actimize As global financial institutions continue to armor themselves again increased fraud, fraudsters and their associated emerging fraud types continue to move from financial institution to financial institution, with mid-sized FIs on the receiving end of an onslaught of new scams and other fraudulent attacks –...
Ffiec: Why U.S. Financial Institutions Need to Take Steps to Understand Their APIs
Date: February 24, 2023
By Richard Bird, Chief Security Officer, Traceable AI Recent guidance from the Federal Financial Institutions Examination Council (FFIEC) has caught many financial institutions by surprise. As an interagency body of the U.S. government, the FFIEC prescribes uniform principles, standards, and report forms for the federal examination of financial institutions. It also speaks with one voice...