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Jul 22, 2024 | 
finextra.com | Bo Harald |Nickii Mallia |Harsh Daiya |Ketharaman Swaminathan
The next 8 months will see significant changes to the regulatory reporting framework for financial institutions globally. Rewrites of the Japanese Financial Services Agency (JFSA) reporting regulation and the European Market Infrastructure Regulation (EMIR)
refit have recently been introduced, with the EMIR equivalent from the UK’s Financial Conduct Authority (FCA) set for the end of September.
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Jul 18, 2024 | 
finextra.com | Fiaz Sindhu |Sergiy Fitsak |Alex Kreger |Ketharaman Swaminathan
Rising interest rates create challenges for community bankers in terms of retaining lowcost core deposits – which are critical to profitable lending. Providing treasury management services is one prudent and practical approach to retain and grow commercial
deposits of small and medium business customers. The success of this strategy is predicated on offering these business customers robust services that not only lock in deposits, but also create a sustainable stream of fee income.
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Jul 18, 2024 | 
finextra.com | Nickii Mallia |Harsh Daiya |Ketharaman Swaminathan |Pallavi Kapale
Data - and lately especially verified data - has for many years been a top priority in national and EU priorities. What the EU Trust Infrastructure's already de-facto EUDI-interoperable wallets mean in terms of benefits for all parties (with small investments)
should be properly evaluated in all member state digital strategies - and then lead to clear priorities both in the public and private sectors.
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Jul 17, 2024 | 
finextra.com | Nickii Mallia |Harsh Daiya |Ketharaman Swaminathan |Pallavi Kapale
IT Infrastructure Visibility Is Crucial for DORA Compliance
Excerpt:
As DORA’s compliance deadline creeps closer, ensuring IT infrastructure resilience has never been as critical. This article highlights the importance of monitoring and observability to understand IT system behaviours and stay ahead of potential issues to
avoid costly downtime. Discover the key to IT resilience and how to achieve it at scale in this essential guide covering:
How Resilient are IT Data Centres?
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Jul 17, 2024 | 
finextra.com | Harsh Daiya |Ketharaman Swaminathan |Pallavi Kapale
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In the rapidly evolving financial landscape, implementing a robust KYC/AML platform is paramount for financial institutions.
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Jun 6, 2024 | 
finextra.com | Vipin Sharma |Helena Wood |Adam Lieberman |Ketharaman Swaminathan
It has been estimated by MITSloan that the cumulative cost of inaccurate data is 15 to 25 per cent of revenue for most organisations. This is because poor quality data wastes resources, undermines everyday operations and communications – particularly personalised
customer communications.
It causes inefficiencies in both time and money in the creation and delivery of communications that often aren’t relevant or might not even reach the intended customer.
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Jun 4, 2024 | 
finextra.com | Boris Bialek |Mayuri Jain |Adam Lieberman |Ketharaman Swaminathan
The popularity of ChatGPT stems from its ability to generate human-like text based on input, making it a valuable tool for various applications such as chatbots, customer service, language translation, and more. But what makes Chat GPT so irresistible?
ChatGPT is not your ordinary chatbot. It goes beyond simplistic trigger or keyword-based responses and engages in sophisticated, human-like interactions.
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Jun 2, 2024 | 
finextra.com | Boris Bialek |Mayuri Jain |Adam Lieberman |Ketharaman Swaminathan
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Rural and small community banks are where large numbers of people and small businesses find access to lending and wealth creation.
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May 31, 2024 | 
finextra.com | Boris Bialek |Mayuri Jain |Adam Lieberman |Ketharaman Swaminathan
The primary intention behind artificial intelligence (AI) generated spam on social media appears to be financial gain through deceptive means. Facebook algorithms are suggesting users to visit, view and like pages that are 100% artificially intelligent generated
photos of people, places, and things that are simply not real.
The content includes too good to be true pictures of everyday people, their projects that are to most of us “extraordinary” in their nature.
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May 30, 2024 | 
finextra.com | Mayuri Jain |Adam Lieberman |Ketharaman Swaminathan |Ahmad Almoosa
Real-time payments do exactly what the name implies. They refer to transactions that clear and settle (almost) instantaneously. This type of payment is characterised by settlement finality, instant confirmation, and immediately available funds. For businesses
with transactions that span countries – or continents – this is invaluable in fostering smarter financial management.
But how does the tech behind this process work? And why is it worth the investment for financial institutions?
