How European Banks Are Using RegTech Solutions

Large US and European banks are spending $20 billion a year on technology to help them comply with newly evolving regulations such as MiFID and PSD2. With regulatory environments becoming increasingly complex, 300+ million pages of regulatory documents will be published by 2020 & 600+ legislative initiatives need to be...

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RegTech – The Greatest Opportunity in FinTech

Banks globally are now spending in excess of $270 billion per year on compliance and regulatory obligations, having 10–15% of their staff dedicated to compliance on average. Compliance costs for FIs amount to substantial parts of total expenses, with a negative correlation between the size of the institution and the...

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Retail Banking

Daily Review: Integrations, Pan-European Consolidations & Meaningful Partnerships – The Visa Lesson

Partnerships are not just a fast track to success in FinTech. Banks have also come to realize the tangible benefits of partnerships. Studies suggest that 87% of banks that have partnered with third-party financial service providers (FinTech companies) have been able to cut costs. Additionally, 54% of partnerships increased revenue,...

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A Tech-Stitch to Compliance – The RegTech Story

Ever since the global financial crisis in 2008, banks and financial institutions have been subjected to a constantly increasing level of regulatory scrutiny – rough estimates suggest that there has been 500% increase in regulatory changes in the developed markets. The cost of compliance continues to increase, and so do...

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Henry Kravis: 40 Years of Innovation in Finance

Henry Kravis was a trailblazer in the financial services industry when he co-founded Kohlberg Kravis Roberts(KKR) in 1976, building what is today one of the most successful global investment firms in the world. In one of the Talks at GS, Kravis opens up about the founding of KKR, his unique...

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Authentication & Security

Innovative Ways to Onboard a New Customer: How European FIs Are Building Delightful Banking Experiences

A study of 22 banks (institutions + digital-only) across APAC, Europe, and the Middle East analyzing digital onboarding methods & eKYC techniques for opening bank accounts found that OTPs and selfies were the most prevalent modern identity verification methods for digital onboarding among those banks. Banks are leveraging modern technologies...

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