4240 Results from /regulation
Nikhita Hyett Managing Director - Europe at BlueSnap
The retail and ecommerce industry has already seen a number of significant unexpected events to contend with in 2020. The effects from the unplanned outage caused by Wirecard’s issues can be added to a growing list of unwelcome surprises this year, which have put huge pressure on retailers from both a financial and a technical perspective. For any...
16 July 2020 /payments /regulation
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
It’s July, so naturally, things are starting to heat up here in the northeastern part of the US. Taking a look back at the first half of the year, regulatory organizations were also heating up. I’ve previously written about the need for automation to support global shareholding disclosure obligations due to changes in short position reporting, and...
14 July 2020 /regulation /markets Financial Services Regulation
Adam Bialy Chief Product Officer at OpenPayd
COVID-19 has accelerated digital transformation across the financial services industry in a way that it was not wholly prepared for. It has placed fintechs much further ahead in the race to adapt and deliver new business models and revenue streams, especially for those who have already leveraged the potential of Open Banking. But while traditional...
09 July 2020 /regulation /retail Open Banking
Retired Member
The Asset Servicing (AS) industry is an essential but often overlooked component of global financial markets. Yet, while transfer agents and fund administrators are critical to the smooth running of middle- and back-office operations for many Asset Management firms, the sector is at a ‘change or die’ crossroads in its evolution. The current state ...
08 July 2020 /regulation /covid-19 Innovation in Financial Services
Since the implementation Mifid1 in 2007, there has been a lot of talk about a pan-European consolidated tape, whether it would benefit the market, how it might operate and why it has not come about without regulatory pressure. Post 2007 when stocks when allowed to trade on multiple exchanges, market participants who wanted to see the full history a...
07 July 2020 /regulation /markets Financial Services Regulation
Jeremy Light Co-founder at Fourdotzero
770 words, 3 minute read The Wirecard debacle has hit the headlines with a vengeance, begging the question: flawed regulation or flawed Fintech models? On first appearance, it feels like that there is a regulatory problem. However, it looks like this is an old fashioned accounting fraud, that just happens to be with a payments processor. The missin...
06 July 2020 /payments /regulation Fintech
PSD2 obliges ASPSPs including banks, e-wallets, prepaid cards and other companies that offer payment accounts to provide at least one channel for secure communication with third party providers (TPP). Even neobanks or e-money institutions, including their agents, have to provide such channels with sandbox environments published 6 months before goi...
30 June 2020 /payments /regulation Open Banking
Mitzi Pryce Senior Consultant at BCS Consulting
2020 is an unprecedented year for business. The global COVID-19 pandemic has decimated economies worldwide and with Brexit looming, the future for UK business is unclear. Just as Alice fell into Wonderland in Lewis Carroll’s Through the Looking Glass, we have fallen down an economic rabbit hole where nothing is certain and everything is possible. ...
25 June 2020 /regulation /covid-19 Financial Services Regulation
Yamen Bousrih Manager Business Expert at Vermeg
SRD II won’t be postponed! The verdict came from the European Commission earlier this month! Despite the joint letter sent by several post-trade groups and the call to postpone the deadline of SRD II and the Implementing Regulation, the European Commission decided earlier this month to go ahead with the implementation of the directive as originall...
25 June 2020 /regulation /covid-19 Banking Regulations
Adam Krug CLM Ambassador at Pegasystems
30 years ago, financial services built everything in-house. Nowadays, with so many off the shelf software products for trading and transaction systems – accounting, HR, CRM to name a few – the challenge now is which vendor to select. In the words of Tony Soprano, “Believe none of what you hear and half of what you see.” When it comes to investing...
24 June 2020 /regulation /crime Financial Services Regulation
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