Kristine Jakovleva CMO at Advapay
As of 28th June 2023, the European Commission unveiled a draft proposal for a comprehensive Payment Services package. This package comprises the third Payment Services Directive (PSD3) and a new Payment Services Regulation (PSR), which are set to supersede the existing PSD2 and Electronic Money Directive. Open banking opportunities in PSD2 PSD2 h...
01 August 2023 /payments /regulation Fintech
Harriet Christie Chief Operating Officer at Mirrorweb
The Securities Exchange Commission’s (SEC’s) primary function is to protect investors, by drafting and enforcing regulations which hold firms accountable for their actions. One fundamental example of this is that all interactions between brokers and investors must be scrutinized, to ensure no wrongdoing. The prevalence of digital communications i...
28 July 2023 /regulation /wealth RegTech
Bryan Woods Distinguished Engineer at Rhino
Rapid technological advancements have profoundly impacted our lives, reshaping the very fabric of how we live, work and interact. Every industry has witnessed a transformative wave of updates, revolutionizing their infrastructures to thrive in a digital world. These sweeping changes have propelled industries into new frontiers and unleashed the po...
27 July 2023 /payments /regulation PropTech
Retired Member
Managing enterprise-wide operational resiliency has historically been a complex problem for Financial Service Institutions (FSIs). One year ago, the European Commission announced plans to establish a Joint Cyber Unit to tackle serious cyber incidents impacting national infrastructure and businesses across the EU. There are many kinds of cyber inc...
27 July 2023 /security /regulation Big Data
Yaniv Zecharya CTO & CoFounder at FundGuard
Tackling fraud in the modern era takes more than just a secure login process. Accelerated by the global pandemic in 2020, organizations around the globe have shifted their business models to be more digitally oriented. Employees can work remotely from the comfort of their homes, while clients have greater access to a company’s platform, products...
27 July 2023 /regulation /crime Capital Markets Technology
Iain Swaine Director EMEA, Global Advisory at BioCatch
The UK government launched a three-pronged strategy for combating and eliminating financial scams in the UK in May 2023, under the direction of UK Home Secretary. There are three pillars: 1. Pursue fraudsters, 2. Block fraud, 3. Empower people. The lengthy 66-page report outlines the ambitions and goals of the new fraud strategy, broadening the s...
26 July 2023 /regulation /crime
Nick Green Director at Purple Patch Broking Ltd
In financial services, data is the lifeblood that powers every decision. However the current landscape is riddled with challenges, most prominent among them being the lack of transparency in data pricing. Opaque pricing models and disparate costs can throw a spanner in the most well-oiled procurement teams. But the significance of efficiency in thi...
25 July 2023 /regulation /retail Banking
Louise Potts Banking Team Manager, Customer Advisory at SAS
With all eyes on the introduction of the new Consumer Duty regulation this July, many businesses operating across the financial services sector need to “speed up” consumer protection preparations. This was one of the leading messages from Sheldon Mills, FCA executive director for consumers and competition, as some lag behind in making the required...
25 July 2023 /regulation
Jeremy Takle Founder and CEO at Pennyworth
In a time characterised by changing customer and regulatory expectations, the banking industry faces increasing challenges living up to higher standards – a potent example being the introduction later this month of the New Consumer Duty. In this article, we explore the limitations of old banks in meeting renewed expectations and discuss how new ba...
21 July 2023 /regulation /retail Disruption in Retail Banking
With rising costs and growing data needs, financial services procurement teams are under intense pressure to optimise spend and make strategic decisions. This calls for a new approach - one grounded in data. Data benchmarking provides the visibility procurement teams need to drive real change. By comparing your data pricing, quality, and accuracy a...
20 July 2023 /regulation /retail Banking
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