Regulations and compliance
- What is PCI DSS? The best explanation
- What are the key concerns when choosing the core banking system from the perspective of regulatory compliance?
- What is Open Banking, and why do banks, payment institutions and e-money institutions in the EU must publish Open Banking API?
- What is strong customer authentication (SCA) regulatory technical standard (RTS)?
- Can push notifications be considered compliant with SCA RTS?
- Why is it important to use multi-factor authentication (MFA) when accessing a cloud-based core banking system?
- Why is it essential to have comprehensive user management in the banking software?
- Why is it important for the modern cloud-based core banking system to be built around a general ledger and have a chart of accounts?
- Is it possible to obtain necessary information for regulatory reporting if an institution uses a core banking system with no general ledger and chart of accounts?
- Why is there a need for customer risk scoring and transaction risk scoring?
- Why is it ineffective or even dangerous to outsource the risk scoring from a third party without having it as a part of the cloud-based core banking software?