Breaking News
Basel III Regulation- Comment
Comment from Abhijit Deb, UK Head Banking & Financial Services, Cognizant
“The current regular meeting of the G20 countries which is due to formally endorse Basel III is effectively dealing with a ‘fait accompli’, as any financial institution impacted has been preparing at scale for some time to ensure they are compliant. However, some have voiced concern over how sufficient the standards are to prevent another financial crisis.
“Ultimately, no single regulation will completely remove risk from capital, liquidity or other financial management. Instead, banks and regulators must consider the overall coherence of regulations against potential risks and ensure there remains a consideration of how financial institutions operate, as well as the broader market environment. By adopting this approach, institutions can look beyond basic ‘box ticking’ exercises at the reporting level, which are too often not applied at the initial transaction or banking/trading book level. This ‘operational lineage’ principle, across multiple risk and regulatory dimensions should be the key area of focus for well-managed banks and financial institutions, after considering how, when, where and how much to transform operations to meet current and future regulatory requirements.”
- Why So Many Fintech AI Projects Are Failing (And How to Fix Them) Read more
- Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs Read more
- Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution Read more
- Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership Read more
- Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC Read more
Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors
Charm Security and Give an Hour Unite AI and Mental Health Expertise to Fight Scams
Charm Security and Give an Hour have partnered to address the financial and psychological harms of scams and financial crime
Why So Many Fintech AI Projects Are Failing (And How to Fix Them)
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors