Blog

RegTech, the tech industry's response to intricate regulatory compliance, innovatively fuses financial services, regulations, and technology. It uses AI, machine learning, big data, and cloud computing to automate and optimize regulatory processes.

Enhanced Due Diligence (EDD) is a thorough process in the financial sector, used to manage risks. It examines high-risk clients and transactions for money laundering or terrorist financing. EDD involves scrutinizing backgrounds, relationships and financial activities to assess risk and compliance.

The Payment Services Directive 3 (PSD3) aims to enhance the EU payment services market, balancing consumer protection, competition, and technological advancements. Key changes include improved transparency, better protection for blocked funds, and responsible access to financial data.

The EU Banking Package, a pivotal part of recent European bank prudential law, modifies the Capital Requirements Directive and Regulation (CRD6/CRR3). Aimed at enforcing Basel 3.1 reforms in EU jurisdiction, it seeks to bolster regulation, supervision, and risk management in the banking sector.

The Standardised Approach for Counterparty Credit Risk (SA-CCR) is a method used for calculating credit risk in OTC derivatives, exchange-traded derivatives, and long settlement transactions. Developed by BCBS, it addresses previous method flaws, providing a risk-sensitive measure.