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Gain financial regulation qualification online

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Gain financial regulation qualification online  

Warwick Business School in partnership with the Bank of England are delighted to offer two online specialist Postgraduate Awards, which are perfect for anyone working in financial regulation to evidence their professional development.

  • 财务行为,领导力&道德–从2021年2月开始
    You will debate and cover questions such as how do financiers judge ethical questions in financial markets? What are the implications for regulators and for clients?
  • Financial Regulation&Supervision – Starting in June 2021
    您将通过研究金融监管的工具,收益和实际应用等主题来全面了解金融监管。

Studied online over a period seventeen weeks, you will gain a detailed knowledge of the subject, learn industry best practice and gain a qualification to evidence your understanding.

更广泛的全球中央银行&财务法规认证提供三个开始日期和四个认证级别。

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Invest in your career

通过下载手册,了解有关这些奖项以及沃里克商学院与英格兰银行合作提供的资格水平的更多信息 here.

This is a sponsored feature

Finance

COVID-19:处理有关退回贷款计划的欺诈性申请

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COVID-19:处理欺诈性的退还贷款计划申请5

By Ed Lloyd, EVP Global Head of Sales, Encompass

The COVID-19 pandemic is still having a devastating impact on businesses and the economy in the UK, and access to funds, loans and financial schemes remains a top priority for business. In many cases, this kind of support is what has helped businesses to stay afloat so far.

The Coronavirus Bounce Back Loan Scheme (BBLS) is just one example. Announced in April, it was designed to help small firms unable to access other forms of support survive the crisis by providing quicker access to funds, through a number of accredited lenders across the UK, with the government, at the time, providing guarantees around the repaying of agreed loans, provided they were evidenced to be legitimate

但是,此后,该计划一直受到欺诈性申请的困扰,机会主义罪犯抓住了罢工的机会。结果,据估计,高达60%的贷款可能永远无法偿还,国家审计署(NAO)说,纳税人可能因欺诈,有组织犯罪或违约而损失多达260亿英镑。

Bounce Back Loan Scheme corrupted by fraud

Since the Chancellor extended all connected loans, with businesses now having to pay loans back in January, there have been rising concerns about the potential risks. As mentioned, the scale of fraud has been significant, with criminal gangs exploiting the situation.

And, during this time, we have seen that false applications in the UK have gone almost entirely unreported, with less than 0.5 per cent of the expected cases being flagged to the police. The latest figures from the national Action Fraud 服务显示,今年仅收到176篇基于政府支持的贷款计划的欺诈报告,这令人极为担忧。其中有95份是犯罪报告,详细说明了已发生的犯罪,其余81份是关于未遂犯罪的信息报告。然而,国家审计署报告称,仅“反弹贷款计划”已为超过120万申请人提供了369亿英镑的贷款。

Even the Cabinet Office has warned that fraud losses from these loans were likely to be significantly above the norm–suggesting at least £1.85bn had been claimed dishonestly

The impact this issue is having on businesses and businesspeople alike cannot be underestimated, as the government refuses to pay back any fraudulent loans, and victims are even having to fight to prove they did not make loans applications.

现在距企业必须开始偿还银行约几周的时间,而它们正面临越来越大的压力。特别令人担忧的是,由于申请中的欺诈行为很高,用于偿还贷款的一些钱可能是犯罪收益。–银行需要能够识别这种风险。

To do this properly, it is likely they would have to conduct Know Your Customer (KYC) activity on loan beneficiaries again, and to a higher standard than before, in order to ensure dirty money is not flowing into their institutions. We know current manually driven KYC processes are not time effective and they would struggle to do this correctly in the timeframe as a result.

How are criminals doing it?

Lenders have been under pressure from the government to approve these loans within 48 hours, which doesn’t give them the time they require to conduct the level of KYC checks and measures needed to identify any risks or fraudulent activity. This problem is exacerbated by the high level of demand for the scheme–and, worryingly, there is just no telling how many of these applications are indeed fraudulent.

The Solution

Whilst it is true that the entire process needs a head-to-toe structural review, there is one core topic that must be highlighted here, and that is the benefits of RegTech.

RegTech(特别是智能流程自动化)使银行能够执行全面的尽职调查检查,以确保公司或个人是他们所说的真实身份,这对于帮助企业应对前所未有的需求时至关重要他们正在努力缩短截止日期。

在进行正确的KYC尽职调查时,可以通过繁重的工作来减轻银行内部分析师的负担,从而确保高效有效的流程。正确的软件还应该能够提供公司日期和财务审计,以及发现并标记可疑的应用程序,历史记录或活动。

我们不能忘记,COVID-19导致其他形式的金融犯罪急剧增加,许多罪犯用它的幌子诱使不知情的消费者进入复杂的网络骗局,这些骗局的设计看起来像是合法的政府计划或金融援助服务。而且,银行服务业的压力越来越大,这意味着在英国,打击欺诈和洗钱的斗争变得越来越重要,但在许多方面却更具挑战性。金融服务机构要想拥有真正有意义的KYC计划,就必须确保对可信赖且安全的入职流程进行投资。

至关重要的是,他们必须使用可用的解决方案,以确保迅速批准和遵守法规,并避免违反法规。使用自动化等先进技术是解决一个重大问题的方法,只有在压力和不确定性高企的时候才强调其重要性。

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Data Unions, fisherfolk and DeFi

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Data Unions, fisherfolk and DeFi 6

By Ruby Short, Streamr

In the fintech world it seems every month there’s a new trend or terminology to get acquainted with. From just learning about cryptocurrency a few years ago, to the crazy boom markets of 2017-18, the market has now moved on to DeFi, or Decentralised Finance to those less in the know.

这一趋势也正在积蓄势头-2019年初,在DeFi经济中投资了2.75亿美元的加密抵押品, February of this year it hit $1 billion, and by the end of July this number had risen to $4 billion.

According to crypto exchange Binance,DeFi指的是“旨在创建一个开放源代码,未经许可和透明的金融服务生态系统的运动,该生态系统所有人都可以使用,并且无需任何中央授权即可运作。”从本质上讲,无论是通过对等模型还是DeFi应用程序,它都能为使用它的人提供完全的资产控制。

These apps, known as DApps, run on a blockchain network meaning they’re not controlled by a single authority. And as they are also Open Source, they are publicly available–characteristics that make transactions quicker, more affordable and more efficient than their centralised counterparts, where data is stored on servers managed by one authority (think traditional banks).

So why is DeFi getting so much attention?

DeFi is exciting for many because it gives more people more control over their money. Where much of the financial sector is traditionally centralised it inherits bias, thus restricting many people from their funds and what they can do with it.

With this approach, anyone can make investments or get into trading much more easily, and, most importantly, keep control in the hands of the user and not large corporations.

One of the preliminary benefits of this control is the improved visibility we gain over our financial data. In fact, any data we produce in general, whether online or through smart devices is predominantly controlled by giant centralised platforms such as Google and Facebook. In many cases users are unaware of where this is being sold on, or at least have been up until now.

与DeFi和DApps一样,已经引入了分散控制权的方法– in the form of Data Unions。这是一个相对较新的概念,该框架使个人可以将其实时数据与其他人捆绑在一起,以创建可出售的有价值的见解,从而为每个人提供创收的机会。它正在帮助企业和个人实现其产生的信息的价值。

How does it work?

Our data on its own holds little value, but once bundled with multiple data sets from other people and sources and combined in a Data Union, it becomes an attractive set of insights to buyers who can use it to improve their market knowledge, product or service.

数据通过Streamr的Data Union框架(工具箱)通过设备或对象上的应用程序共享,任何开发人员或公司都可以将其集成到其现有产品中。它还允许个人选择他们共享和货币化的特定数据类型,以及保持私有的数据类型。

然后,这些信息通过Streamr网络经过加密后传递到数据联盟,并与其他人的数据捆绑在一起,以在Marketplace上出售–a process called crowdselling, which has the potential to generate unique data sets by incentivising trade directly from data producers.

What’s more, Data Unions can be set up to capture any form of data. For instance, a music streaming company could commission their own app where users could sell their listening and genre habits paired with their demographic info.

What has this got to do with DeFi?

数据联盟可以帮助直接向最需要的人提供DeFi手段。

为了解决这个问题,数据联盟是有好处的,因为它使任何互联网用户都可以为他们的数据付费,这与 data tax that has been proposed by many politicians. And, the advantage of a DeFi solution is that anyone can get paid from it because the finances are no longer dependent on their jurisdiction, but on which products they are using. Putting these together can have endless benefits.

我们已经看到了这种情况的发生,并使用了一个框架来改善处于财务边缘的群体的生活。 Tracey 是与WWF合作的启用区块链的数据联盟。

The application incentivises Filipino fisherfolk to record their catch and trade data digitally through direct data monetisation via the Streamr Marketplace. This data makes the first mile of their seafood products through the supply chain, traceable. With regional fish stocks declining, accurate catch yield data is a desirable insight for third party members such as retailers and final buyers.

The benefits of this model are twofold. Many fisherfolk in the Philippines are unbanked, meaning they don’t have a bank account. Trading this data gives them access to finance and loans previously out of reach, changing them and their family’s livelihoods. It also enables a self-sustaining ecosystem that captures accurate traceability data and helps these areas monitor their overfishing levels for more sustainable fishing.

What does this mean for us for the future?

我们发现,各种形式的在线分权化势头强劲,潜力巨大。在未来几年中,我们将看到这些系统越来越集成到现有的Internet堆栈中,这将深刻影响我们在线的可能性。很快,参与互联网的数据经济将变得很正常。

我们看到互联网用户已成为几个数据联盟的成员,并有一系列最适合他们及其数据集的选项供您选择。个人数据获利将不再是我们所有人都面临的隐私问题,而是我们是否要出售数据的问题。用户可以自由选择是否出售自己的数据,合乎道德的数据共享将成为常态。

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ECOMMPAY expands Open Banking payments solution to Europe

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ECOMMPAY expands Open Banking payments solution to Europe 7

ECOMMPAY的Open Banking促进了快速,安全和简单的付款 

国际支付服务提供商和直接银行卡收单方, ECOMMPAY, has today announced the expansion of its payment system Open Banking by ECOMMPAY 去欧洲。该解决方案允许消费者向商家发起在线支付。

Open Banking by ECOMMPAY leverages Open Banking technology, which enables third-party providers to access banks’ data to provide payment initiation through API connections. The news comes as research by the Open Banking Implementation Entity recently showed that uptake of Open Banking has doubled 在过去的六个月中,有超过200万的消费者在使用数据共享服务。

ECOMMPAY的解决方案将使消费者可以连接到超过28个欧洲国家/地区的4000多家银行,而商家可以实时接受客户直接向其银行帐户付款。该解决方案可在英国,拉脱维亚,爱沙尼亚和荷兰使用,并将很快推广到其他国家。

Benefits for consumers as well as merchants

For shoppers, Open Banking by ECOMMPAY means confidential information is accessed in a secure manner, compliant with GDPR requirements. Financial data is stored in one place so that credit decisions on loans or other transactions can be made promptly. Purchases can be made easily via smart devices, and consumers simply log in to their online banking via their mobile app to approve payments.

商户可以从使用新的支付基础设施中受益。无需信用卡或借记卡,消除了由于欺诈或无法收取资金而导致的退款风险,同时也降低了卡费。由于该过程不需要中介,因此付款过程是高效的,并且还可以根据地区,货币和其他本地化要求进行自定义。尽管银行通常对客户所需的服务(例如贷款或转账)具有完全控制权,但开放银行将这些决定归于一个管理部门。

Simplified European expansion

Historically, businesses growing into new markets would require a local banking relationship to facilitate the collection of direct debit payments, and face multiple complications around legal requirements, licenses and compliance. However, Open Banking by ECOMMPAY allows companies to use one efficient, cost-effective and simple payment solution to expand within Europe.

Paul Marcantonio, Executive Director of ECOMMPAY, commented: “Open Banking is revolutionising the way we pay, and the recent growth in its use indicates people are looking for more payments choice. Open Banking for Europe by ECOMMPAY will allow us to cater to the increasing number of people taking advantage of this secure, real-time and simple payment technology. Our solution will let merchants quickly expand into new markets and accept payments directly from customers’ bank accounts.

“With the pandemic shifting businesses online faster than ever before, the need for fast, safe and secure payment methods is growing. There is an urgent need to cater to a variety of payment methods, and at the same time to counter fraud and cyber-crime.”

自2012年成立以来,ECOMMPAY一直保持稳定增长,并在六个主要国际市场(包括亚洲,欧洲,非洲,俄罗斯和英国)设有国际办事处和业务,已建立了全球业务。该公司是Visa和Mastercard的主要成员,也是Visa Direct和MoneySend的成员,并且是PayPal Commerce平台上的第一个付款提供商,也是第一个实施Mastercard Dashboard的收款人。

The company will be hosting a webinar on Open Banking on 10th 十二月。 ECOMMPAY及其主持人将探讨开放银行为企业带来的各种机遇,实施它所面临的挑战以及如何使其从各个业务角度发挥作用。关键主题将包括开放银行将如何影响未来的在线业务,英国退欧和Covid-19的影响以及如何成为早期采用者。

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