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Historically, banking has been one of the business sectors most resistant to disruption by technology. However, in recent years, financial technology (fintech) startups have been massively disrupting the way financial services are being delivered to customers. Through innovation and creativity, fintech is making inroads with incumbent financial institutions and changing banks and helping to make

CNP Expo: Know Your Panelist

Sunday, 22 May 2016

As we inch closer and closer to this year’s CNP Expo at the Loews Royal Pacific Resort in Orlando, we wanted to spotlight the experts joining us for the panel, Keeping it Real: Why KYC is so Vital! Held on Wednesday, May 25th from 10:30am to 11:15am, the discussion will touch on the challenges, opportunities

This year has been deemed the year of RegTech. Since late 2015, searches for the term “RegTech” has skyrocketed as a result of fintech firms disrupting the finance industry, causing major shifts in policies around the world. As RegTech companies continue to develop efficient and game-changing solutions that enable fintech innovation, it is also gaining

Financial institutions have been pushing back hard on FinCEN’s (the Financial Crimes Enforcement Network’s) proposal to require banks, investment banks and other financial institutions to identify beneficial owners of account holders. As time goes on the impact of FinCEN’s proposal is diminishing. Why? In general, businesses have other reasons to secure beneficial ownership information. One

What is compliance? The Merriam-Webster dictionary defines it as “the act or process of doing what you have been asked or ordered to do”. For many years, this definition has accurately described how regulatory compliance has been practiced by financial services companies. However, after the global financial crisis of 2008, regulators around the world have

Launching across Canada on May 16th is Women in IT Week (WinIT), an inaugural cross-disciplinary initiative with the mission to recognize women’s contributions and their future role in the IT sector. Special initiatives throughout the week include coding, product management and digital marketing course scholarships which aim to encourage a new generation of women to enter the tech industry. The Women in

In the extensive media coverage of fintech over the years, much has been said about how financial technology is disrupting financial services, particularly traditional banks. A report released by Citigroup in March 2016 quantified fintech’s impact on the incumbents, projecting that up to 30 percent of existing banking employees could lose their jobs by 2025

Financial technology (fintech) is already changing the way that we use our money. Whether it’s payments, investing, or banking, there is a high likelihood that your transaction has been influenced in some way by fintech, even if you are still doing business with a traditional financial institution. Fintech innovations such as mobile check deposit and

A surge of financial technology companies have entered the Canadian market in recent months and the country is attracting investors both domestically and internationally, especially from Silicon Valley. The amount of interest and investment being poured into fintech is undeniable and for those interested to learn more about how Canada is punching above its weight class