Corporate Leaders

If legacy systems are to become redundant, broader industry platforms need to be available to help the small and medium sized banks evolve, otherwise, they will struggle, according to a panel at the Global RegTech Summit.

FinTech Global recently spoke to multiple industry players to get their insights on whether financial institutions are keeping up with modern sanction/PEPs lists monitoring requirements. The first part can be read here. In this second half, FinTech Global asked the industry leaders to outline some of the best practices they have seen in the market and how to stay on top of the lists.

The health and life insurance market has many challenges and trends in common with the wider insurance industry. However, it also faces its own unique hurdles, what are these and what can insurers do about them?

Although more women are entering the FinTech industry, their representation in leadership positions is lacking. Female executives in the industry provide their thoughts on how much of the blame lies with society, and what those hoping to break glass ceilings can do about it.

AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.

Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.

Wealth managers typically focus on older people, as that is where the money is. However, young investors hold the wealth of tomorrow and capturing them early will stop them going elsewhere.

Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.

Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.

No other RegTech sector has attracted as much investment as cybersecurity companies – and it doesn’t seem like that’s going to change anytime soon.