Data Management
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Small Third-Party Providers – Step 1 in Navigating Through 2024 with NIS2 and DORA
Before diving into this article, it’s important to note that at Luxat, we are neither legal experts nor cybersecurity gurus. However, we aim to share insights that we believe can assist small businesses in shifting their mindset from “making it work” to “making it compliant,” even though the imperative to “make it survive” may overshadow…
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How Crypto Became a “Normal” Offering for the Traditional Banking Sector and Its Challenges for IT Systems and Regulation.
Cryptocurrency investments have gained prominence, especially with the launch of Crypto ETFs in late 2023. In 2024, the European Union’s new regulation, Markets in Crypto-Assets Regulation (MiCAR), aims to help banks categorize and understand the legal framework around cryptocurrencies. Despite increased attention, cryptocurrencies present challenges for banks, particularly in addressing regulatory classifications and IT system…
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What GenAI Can Do for Finance in the Coming Years (or Months)
The buzz around Generative AI (GenAI) is growing, and its relevance to our day-to-day jobs in the finance sector is becoming more apparent. This article explores the significant impacts of GenAI across various financial activities, alongside addressing potential weaknesses of this innovative approach. Compliance Activities. Portfolio Management: Advisory and Discretionary Management. Access Review. Client Onboarding.…
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The cost of data, and why should you care.
Data is not always given the attention it deserves. When we create new functionalities or launch projects, the discussion around data storage and its hidden costs often takes a backseat. Initially, data costs may not seem significant, but they can grow exponentially and need to be addressed at some point. There are several costs associated…