Daniel Pujazon Policy Lead at PagoNxt
New regulations, as I said in my previous essay, are altering the digital economy as we know it. However, a clear imbalance and the need to change to keep up with new models and players can still be seen on the regulatory front. Our particular elephant in the room is that our regulation is somehow stuck in the analogue world (to quote Santander’
05 April 2022 /payments /regulation Fintech
Michael D'onofrio CEO at Orbus Software
Is your business resilient? It’s a simple question, and many of us would like to answer with a simple yes. However, it’s the unfortunate case that many aren’t. Regulators are increasingly focusing on resiliency. These firms must ensure their businesses are able to prevent, adapt, and respond to any and all outside disruptions. This includes being a...
04 April 2022 /regulation /cloud Banking Architecture
Pooja Golakonda Lead Consultant at Edgeverve
Generations over a period of time moved from a metallic currency to coins and then to paper notes which ultimately got legalized in the form of Cash (i.e. Govt printed bank notes) issued by the Central banks of the respective countries. That was continuing till this age and a breakthrough was brought in the form of bitcoins and Distributed ledger ...
24 March 2022 /regulation /wholesale Banking Strategy, Digital and Transformation
Emily Harris Head of Compliance at Fiat Republic
At Fiat Republic, we are committed to helping the cryptocurrency industry navigate fast-changing financial regulations. Our crypto consortium is directly tied to this vision; it will represent responsible crypto providers, who will be encouraged and incentivised to stick to a single, predictable standard of compliance and transaction monitoring. T...
24 March 2022 /regulation /crypto Financial Services Regulation
Seb Wallace Investment Director at Triple Point Ventures
Open Banking is a flop, it’s too costly, “clunky”, and businesses struggle to make money from it. That was the view of Anne Boden, CEO of Starling Bank, speaking to MPs on the Treasury Committee in October 2021. But, there's increasing evidence that her view is untrue or, at least, incomplete. While it’s true that there are hurdles to overcome in t...
23 March 2022 /regulation /startups Open Banking
Retired Member
As top policymakers continue ringing alarm bells about Russian entities attempting to dodge sanctions with cryptocurrencies, it is pertinent for the crypto industry to stay in line with the latest regulatory developments in order to ensure that the sector does not breach any applicable sanctions regulations, which would only invite potentially he...
21 March 2022 /regulation /crypto Cryptocurrency Insights
Nick Green Director at Purple Patch Broking Ltd
Access to high quality data is a must within the credit industry. Not only does it ensure scorecard improvement for credit firms, it also enables fair and transparent credit decisions for consumers too. However, there is currently a lack of objective, evidence-based insight into the data provided by each Bureau, how they measure up against each ot...
17 March 2022 /regulation /retail Financial Supply Chain
Following the start of the Ukrainian crisis, the FCA sent letters to all UK financial institutions, warning them the new Economic Bill will be fast-tracked. This bill includes a new register meaning foreign owners of UK property must declare and verify their identities with Companies House. The aim is to stop overseas criminals and oligarchs from ...
17 March 2022 /regulation /crime Banking Regulations
Shane Rodgers CEO at PDX Coin
The crypto market is shooting itself in the foot. Every day, millions of investors interact in good faith with crypto exchanges and market tracking sites but are stymied and even abused by those very same organizations who take their money. Unreliable data, usurious fees, and poor service have resulted in investor distrust and cynicism. But there ...
15 March 2022 /regulation /crypto Cryptocurrency Insights
In 2020, the value of buy-now-pay-later (BNPL) transactions reached £6.4 billion (a 60-70% growth on the previous year). BNPL offerings appeal to both merchants and shoppers so this growth is expected to continue. With the offer of interest-free monthly payment terms, consumers prefer this method of payment to credit cards. However, concerns from...
15 March 2022 /regulation /retail BNPL
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