4231 Results from /regulation
Nick Green Director at Purple Patch Broking Ltd
The UK Treasury recently published a consultation on how it will regulate BNPL, potentially making the UK the first major credit market to regulate these booming, innovative products. The FCA said the sector quadrupled to £2.7bn last year during the pandemic - to about 1% of the UK’s entire credit market - with more than 5 million active users. Th...
16 November 2021 /regulation /retail BNPL
John Bertrand MD at Tec 8 Limited
APP fraud is rocketing, up 70 per cent in six months, and likely to be a multi billion business shortly. No one is surprise to learn that the Bank of England, Pay.UK and UK Finance (The Collaboration) have joined forces in defining a new data model to mitigate Authorised Push Payment Fraud and reduce friction in the payment process, e.g. misdirec...
16 November 2021 /payments /regulation Transaction Fraud Systems and Analysis
Barley Laing UK Managing Director at Melissa
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers highlight the importance of having access to politically exposed persons (PEPs) data as part of their anti-money laundering (AML) checks. In the UK, ba...
10 November 2021 /regulation /identity Banking Regulations
Retired Member
Transaction monitoring is a fundamental part of detecting and preventing your business from being used to facilitate financial crime and terrorism financing. Regulators are increasing their scrutiny on Anti-Money Laundering (AML) control frameworks and the fines issued for failings are increasing year on year. Transaction monitoring is a fundament...
09 November 2021 /regulation /crime Exposing Financial Crime
Steve Morgan Banking Industry Market Lead at Pegasystems
ISO 20022 is coming. The new global messaging standard for payments systems is generally agreed to be a good thing for the banking industry – the Bank of England’s consultation on the plans showed respondents were “largely supportive”. Indeed, as the UK’s central bank notes, ISO 20022 is designed to create a globally consistent financial messagin...
09 November 2021 /payments /regulation The Payments Business
Kevin Eley VP of Sales, UK and Europe at LogRhythm
Revenue and profit growth is a welcome outcome for CEO’s — it’s an indicator that business is healthy. But growth can pose a challenge for CISOs for two reasons. Firstly, growth invariably increases the risk exposure of the organisation (as growth is often correlated with acquisitions, increased headcount or geo expansion). Secondly, larger busi
08 November 2021 /security /regulation Fintech
Nish Kotecha Co-Founder & Chairman at Finboot
You don’t need me to tell you of the laser focus on sustainability in Boardrooms across the world, not least at COP26 currently happening in Glasgow where the good and the great are meeting to agree action to mitigate climate change. Under ever intensifying pressure from interest groups, investors and customers, companies and brands have been furio...
05 November 2021 /regulation /sustainable Blockchain Observations
Vladimir Pîntea VP of Engineering at Trovata
eIDAS certificates have an important role under PSD2. Their usage is mandatory for ensuring that data is kept secure and within trusted parties at all times. These certificates issued by QTSPs can be associated with passports with which TPPs identify themselves when onboarding with and accessing banks’ channels. While the eIDAS certificate is the ...
04 November 2021 /payments /regulation Open Banking
From the biggest bank to the smallest start-up, the Bank of England’s War Games will help create a safer financial sector for everyone. Here’s how you can make it work. Every time a company suffers a breach, we’re treated to the spectre of a spokesperson admitting mistakes had been made but promising lessons would be learned. The problem is, by
04 November 2021 /regulation
Alex Reddish Managing Director at Tribe Payments
Open Banking has been in the fintech headlines recently, once again being lambasted as something that hasn’t quite worked with some industry titans even labelling the initiative as a failure. Starling’s Anne Boden told MPs on the Treasury Committee “Open Banking is a lesson of us trying to make something work when halfway through the project, we ...
01 November 2021 /payments /regulation Open Banking
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