Credit Card 101

What Does a Payment Gateway Do? Credit card processing and security can be overwhelming. A secure gateway can help simplify the process and protect customers' credit card data from breaches.

Paper Checks Still Dominate B2B Payments

A recent Mercator Advisory Group report takes a look at the usage of paper checks and how they still dominate in the b2b payments industry.

Wire Transfers and ACHs

A recent Mercator Advisory Group look at 3 types of wire transfers and two types of ACH operations.

Finextra & IBM: The social impact of AI

Michael Conway, IBM, speaks at NextGen Banking London about how the industry is responding to the application of AI, whether there are any ethical concerns we need to consider going forward, where the greatest need to use AI is and what social impact it will have in the future.

 

5 ways blockchain can change the cross-border payments landscape

'Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries and fees. Every step along the path of a cross-border transaction requires time and money, with the average cost of remittances sitting at 7%, according to a 2018 World Bank report. The industry has reacted through the creation of new faster payment initiatives, aimed at reducing delays in payments and standardising intermediary fees. Others have turned to distributed ledger technology (DLT) and blockchain as potential cure-alls for cross-border pain points.'

Read the rest of Alex Hamilton's insighful article HERE.

Basel III Update

The Basel Committee has just published its sixteenth progress report on adoption of the Basel regulatory framework

In it, the committee sets out the adoption status of Basel III standards for each Basel Committee on Banking Supervision (BCBS) member jurisdiction as at the end-March 2019.

This is an update to the Committee’s previous progress reports, which have been published on a semiannual basis since October 2011. In 2012, the Committee started the Regulatory Consistency Assessment Programme (RCAP) to monitor progress in introducing domestic regulations, assessing their consistency and analysis in regulatory outcomes. As part of this program, the Committee periodically monitors the adoption of Basel standards. The monitoring initially focused on the Basel risk-based capital requirements, and has since expanded to cover all Basel standards. These include the finalised Basel III post-crisis reforms published by the Committee in December 2017, which will take effect from 1 January 2022 and which will be phased in over five years.

As of the end-March 2019, all 27 member jurisdictions have risk-based capital rules, Liquidity Coverage Ratio (LCR) regulations and capital conservation buffers in force.

Twenty-six member jurisdictions also have final rules in force for the countercyclical capital buffer and the domestic systemically important bank (D-SIB) requirement.

With regard to the global systemically important bank (G-SIB) requirements published in 2013, all members that are home jurisdictions to G-SIBs have final rules in force. The leverage ratio based on the existing (2014) exposure definition has been partly or fully implemented in 26 member jurisdictions.

Moreover, 26 member jurisdictions have issued draft or final rules for the Net Stable Funding Ratio (NSFR), and 21 member jurisdictions have issued final rules for the revised securitisation framework. Also, 26 member jurisdictions have issued draft or final rules for the standardised approach for measuring counterparty credit risk exposures (SA-CCR), and 24 member jurisdictions have issued draft or final rules for the capital requirements for bank exposures to central counterparties (CCPs).

You can access the full report, with detailed statuses for each member jurisdiction HERE.

Online training course - ERM (Enterprise Risk Management) - Comparing COSO to ISO

This course is all about Enterprise Risk Management (ERM) standards. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve its objectives.

In this course, we look at and compare two of the most popular risk management standards - the Committee of Sponsoring Organizations (COSO) framework and the International Organization for Standardization (ISO) 31000.

This course has full CPE accreditation.

GET A 10% DISCOUNT ON THIS COURSE!
Use Coupon code CITADEL10 when registering to claim the discount.

For Details & Registrations CLICK HERE