4442 Results from /regulation
Shagun Varshney Senior Product Manager at Signifyd
Much has been made about how the secret to successful strong customer authentication (SCA) is in the details — the exemptions, the exclusions, the version of 3DS in play. But one other detail, one vital to maintaining magnificent customer experience can’t be overlooked: the importance of delegated authentication. Simply put, operating your ecommer...
24 August 2021 /payments /regulation Frictionless Payments
Retired Member
As the UK and EU diverge, the FCA is taking the opportunity to adopt a more assertive role in shaping a more liberal regulatory environment. Throughout the Brexit process, FCA steered a resolutely bureaucratic line. Nevertheless, it has been left picking up the pieces as it prepared to adapt financial regulation to an uncertain post-Brexit future...
24 August 2021 /regulation
Anne Plested Regulation at ION Markets
As part of the ongoing wider review of MiFID II, ESMA is consulting on the rules around transparency. The consultation focuses on technical issues relating to post-trade data, among other things. In its recommendations, the European regulator revisits the groundworks to adjust the foundations for any future consolidated tape (CT). After the heavy ...
20 August 2021 /regulation /markets
Joe Biden’s executive order on cybersecurity should be seen as a template for all companies to follow. The SolarWinds and Colonial Pipeline cybersecurity breaches demonstrated to President Biden that cybercrime is an issue of national security. His response shows the way forward not just for governments but the entire private sector. Biden’s exec...
20 August 2021 /regulation
Konstantin Rabin Head of Marketing at Kontomatik
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year. According to data provided by UK Finance, the banking industry organization, there was a 5% yearly increase in money lost to “authorized fraud,” which occurs when clients...
19 August 2021 /regulation /crime
Katie Tillyer Business Development Manager at CloudTrade
Earlier this summer (July 2021) a news story explained how a Scottish fisherman, Jamie McMillan, had taken the decision to export his shellfish, caught off the Scottish coast, to Asia instead of across the Channel to near-by France. Why? Not for monetary gain, but purely because he faced completing approximately 3 hours of paperwork, every day, t...
11 August 2021 /payments /regulation The future of Payments in Europe
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
A couple of years ago I was walking over Stureplan in Stockholm when I heard somebody yelling my name, I turned around and there was the little brother to one of my former childhood school friends who came to Sweden as a refugee in the 90s. He was tall, big and actually looked like a real crime figure. I couldn’t pretend that I didn’t recognize him...
06 August 2021 /regulation /crime RegTech
David Cocks Founder and CEO at CloudTrade
Even though the UK will not be adopting them any time soon... Contrary to what you might expect the founder and CEO of an e-invoicing business to say, the UK will not be adopting continuous transaction controls (CTCs) any time soon, and that is a good thing. However, CTCs are being implemented by many of the UK’s trading partners in Europe and ac...
05 August 2021 /payments /regulation Electronic invoicing
Ravishankar Poonjolai Consulting Partner at TCS
As per Investment Company Act of 1940 of Securities Exchange Commission (SEC) of USA, investment management firms and business development companies can use derivatives in mutual funds, ETFs, and closed end funds, except money market funds, with exposure up to ten percent of their assets under management. SEC introduced a new rule under section 1
04 August 2021 /regulation /wealth RegTech
The GDPR law has been in effect since 2018, and since then many companies have been fined for their lack of concern for customers’ data privacy. What is the difference between how Amazon and Facebook were fined? Why did Amazon get fined more than others? The General Data Protection Regulation (GDPR) came into force on May 25th, 2018. A key aspect...
03 August 2021 /regulation
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