What are banks anticipating from FinTech

Updated 27.08.2020
What are banks anticipating from FinTech
European Banking Authority has finished this February quite efficiently with issuing the revised Guidelines on outsourcing arrangements that all financial institutions, including banks, must follow. This is again underlining the importance of embracing innovations and FinTech in the financial market, where the technology is used to improve cost efficiency and achieve economies of scale. Here […]

Inadequate KYC controls which resulted in huge fines

Updated 27.08.2020
Inadequate KYC controls which resulted in huge fines
An ever-increasing amount of banks across the world are finding themselves in the middle of scandals connected with illegal financial operations, that have had to be prevented by the Know Your Customer procedure. This had not left the Chief Legal Officer of BASIS ID — Arina Tsekanina indifferent as she has prepared the list of TOP3 largest scandals known as […]
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