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Retired Member
Aiming to guarantee UK’s place in the forefront of sustainable investment internationally, the FCA has just launched their consultation paper on Sustainability Disclosure Requirements (SDR) and investment labels. According to the regulator, the market for UK-listed investments funds grew 64% in 2021 to reach 79 billion pounds ($89.34 billion). Ho...
07 November 2022 /regulation /wealth Banking Regulations
Daily, people’s lives are becoming increasingly automated as millions of algorithms make decisions and take actions on consumers’ behalf. The shift toward autonomous finance services starts with automated investment management, savings, and payments. Algorithm-based services lower the cognitive burden on users and strive to enhance financial resul...
04 November 2022 /retail /sustainable Banking Strategy, Digital and Transformation
Last week the European Commission published a draft proposal to amend SEPA legislation. They have commented that the adoption of SEPA Instant Credit Transfers has lagged, and this set of new rules will act as a much-needed push for banks and Payment Service Providers (PSPs) to offer 24/7 instant euro payment services. This move is very welcome. A...
03 November 2022 /payments /regulation SEPA and European Payments
This summer, the FCA issued a letter to the Chair of the Treasury Select Committee, answering questions on new sanctions that have been created following the invasion of the Ukraine by Russia. In the letter the FCA said that it will be automating its review process. In the past, it conducted on-site meetings, using face to face interviews and docum...
02 November 2022 /regulation /crime Financial Transformation
With the advent of open banking, the finance sector has been undergoing radical changes. In a report published by Starfish Digital, with the support of the Open Data Institute (ODI), they argued that the application of a more open data infrastructure caused strong positive impacts on customers, small businesses, and new market entrants. Unfortunat...
01 November 2022 /payments /wholesale
L2 is a collective name for solutions that solve the problems of scalability and speed on blockchain, primarily in the Ethereum network. We’ll tell you about the most popular L2 protocols, their advantages and drawbacks, and what will happen to them now that Ethereum has switched to Proof-of-Stake. L2 and Vitalik Buterin’s trilemma Back in 2016,...
28 October 2022 /crypto Blockchain Observations
The world of science fiction has always been amusing people with innovative concepts from authors across the globe from time to time. Some of those have even become true, astonishing people as a result. Every element of the Web3 space might have been inspired by such futuristic stories, which continue to evolve as we transition from the centraliz
28 October 2022 /startups /crypto Cryptocurrency Insights
We are entering an almost unprecedented global situation created by three converging - and interconnected - crises. As we approach 2023, the world is facing major food shortages, a commodity crisis, and a financial crisis. The question focusing on many minds is whether it’s possible to make money as an investor in the markets during these challen...
27 October 2022 /wealth /markets Personal Finance
Good companies continuously ask themselves: what are we doing now to prepare for the future? When it comes to regulatory technology (RegTech), and specifically compliance technology, the temptation to brush off this task with rationale related to cost, necessity, or implementation effort could come at a big price, more resources required, time sp...
26 October 2022 /regulation /sustainable
The UK economy is struggling amid a cost-of-living crisis with millions of households in economic hardship. The change of leadership with the appointment of Rish Sunak as prime minister has raised discussion on how the economy can be kickstarted. An area which has been highlighted is the UK’s low productivity levels. Nothing is more important to a ...
26 October 2022 /payments Innovation in Financial Services
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