4260 Results from /regulation
Mark Nutt Senior Vice President, International Sales at Veritas
In today’s AI-driven and digital landscape, the sheer volume of data being generated is staggering—roughly 400 million terabytes each day,. This influx comes from countless sources, ranging from social media interactions and business communications to logistics records and customer information. All of it must be stored somewhere, creating a growin...
28 February 2025 /ai /regulation
John Bertrand MD at Tec 8 Limited
In the UK, H1 2024, £570 ($720) million was stolen in payment fraud of which Authorised Push Payments) Payor to Payee bank accounts accounted for 30%. From 2020 to 2023 £1.4 ($1.8) billion has been scammed from customer bank accounts. Fraud accounts for 40% of all crime in England and Wales. In the US, traditional payment fraud totals $4 with onli...
21 February 2025 /payments /regulation Banking Strategy, Digital and Transformation
Hugo Chamberlain Chief Commercial Officer at smartKYC
In the evolving landscape of compliance, financial institutions, regulated businesses and large corporations face mounting pressure to streamline Know Your Customer (KYC) processes, meet anti-money laundering (AML) requirements, and manage third-party risk efficiently. Traditionally, KYC and supplier screening has been a resource-intensive process,...
20 February 2025 /ai /regulation Artificial Intelligence and Financial Services
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Financial Conduct Authority (FCA) and the Payment Systems Regulator PSR) have released their latest Feedback Statement (FS25/1) on Big Tech and digital wallets. This comprehensive document consolidates feedback received from stakeholders following their July 2024 Call for Information (CFI). It highlights the rapid adoption of digital wallets...
19 February 2025 /payments /regulation Fintech
The UK Financial Conduct Authority (FCA) has recently published its updated priorities for payments firms, providing crucial guidance on what is expected of Payment Institutions (PIs), Electronic Money Institutions (EMIs), and Registered Account Information Service Providers (RAISPs). These firms must align with the National Payments Vision, whi...
18 February 2025 /payments /regulation Fintech
Ivan Aleksandrov CSO | Core banking, BaaS, Fintech Advisory at Advapay
This article offers insights into the number of e-money and payment institution licenses issued in the EU in 2024, along with a three-year comparison. If you're evaluating the best jurisdiction for your business, this comprehensive analysis will help you make an informed decision. Licensing Data Used in the Analysis This analysis presents combined...
18 February 2025 /regulation /startups Fintech
Steve Wilcockson Technical Product Marketing at Quantexa
Our BizDev team at work asked me to explain why Data Management developed different cultures and languages to that of Data Science. I found this hard, in part because some of my background comes from engineering maths, which, for many years, was tightly coupled with the arguably adjacent Financial Services discipline of Quant, or Financial Enginee...
18 February 2025 /ai /regulation Artificial Intelligence and Financial Services
Kristine Jakovleva Chief Marketing Officer at Advapay
Canada's Money Services Business (MSB) registration is gaining traction among fintech entrepreneurs looking for a swift and cost-effective way to enter the financial services market. This article explores the benefits and drawbacks of launching a business under the MSB registration, comparing it to licensing options in the EU. Advantages of MSB Re...
17 February 2025 /regulation /startups Fintech
Luigi Wewege President at Caye International Bank
Banking has long served as the backbone of global commerce, investment, and wealth management. However, the modern financial landscape is divided between traditional "legacy banking" institutions and the less conventional but increasingly relevant realm of "offshore banking." The fundamental differences between these two parad
15 February 2025 /regulation /retail Trends in Financial Services
The EU Directive on Instant Credits is set to take effect in October 2025. By reducing payment processing times from days to mere seconds, EU countries are projected to see their GDP increase by 1 to 2%. The efficiency gains from Instant Payments, where funds are immediately available for reuse, create a compounding effect that accelerates economi...
14 February 2025 /payments /regulation Futuristic Banking
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