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CFPB’s Section 1033: Will US open banking reach its potential?
Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

CFPB’s Section 1033: Will US open banking reach its potential?

Just over a month since the US Consumer Financial Protection Bureau released its 'final ruling' on the expansion of the Dodd-Frank Act, the financial services world has now weighed in with a variety of detailed viewpoints on the landmark personal data rights and open banking regulation. Will the new requirements for banking and fintech providers s...

/regulation

What is a politically exposed person?
Níamh Curran

Níamh Curran Senior Reporter at Finextra

What is a politically exposed person?

Politically exposed persons (PEPs) have been a big point of discussion in financial services throughout this year, with the Financial Conduct Authority (FCA) finding in July that financial firms need to be doing more to ensure that PEPs and their family members were being treated fairly. The regulator did not find any firms denying accounts to PEP...

/regulation

UK National Payments Vision: What does it mean for fintech growth?
Chris Holmes

Chris Holmes Peer at House of Lords

UK National Payments Vision: What does it mean for fintech growth?

Late last week the government launched their National Payments Vision. Described as resting upon three key pillars of innovation, competition, and security it sets outs welcome detail on regulatory coordination and payment infrastructure upgrades, identifies Open Banking and fraud as priority areas and establishes a payments vision delivery commit...

/regulation

US 2024 Elections: What President-Elect Donald Trump’s win means for fintech
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

US 2024 Elections: What President-Elect Donald Trump’s win means for fintech

After passing the threshold of 270 electoral votes needed to win, former President Donald Trump is expected to return to the White House to take up his post for the second time, after beating Democratic candidate Vice President Kamala Harris. After a nail-biting few months, Trump was elected with many of his voters citing inflation as the reason f...

/regulation

Building resilience across borders in today’s interconnected world
David Turmaine

David Turmaine Managing Director at Broadridge

Building resilience across borders in today’s interconnected world

Operational resilience is now firmly established as a critical priority for financial firms across the world’s markets, driven by a fundamental requirement to strengthen trust and security in response to the growing risk of cyber-attacks and disruptions – and underpinned by mandatory regulation. According to Boston Consulting Group, cybercriminals...

/regulation

Regulating Africa to encourage embedded finance innovation
Níamh Curran

Níamh Curran Senior Reporter at Finextra

Regulating Africa to encourage embedded finance innovation

This is an excerpt from the Future of Embedded Finance in Africa 2025 report. Embedded finance has the potential to provide more Africans with financing which meets their specific needs, in a more direct fashion. However, it is imperative that this is done in a way which is safe and beneficial to all consumers. At the core of all financing options...

/regulation

Why registering under Canada’s Retail Payments Activities Act has a multitude of benefits
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Why registering under Canada’s Retail Payments Activities Act has a multitude of benefits

Registering under the Retail Payments Activities Act (RPAA) will allow payments services providers (PSPs) operating in Canada to bolster the safety and reliability of their retail services, while also protecting end users from specific risks. By November 2024, registration will be mandatory because of the importance of secure and effective movemen...

/regulation

The UK’s legislative approach: Substance over style
Chris Holmes

Chris Holmes Peer at House of Lords

The UK’s legislative approach: Substance over style

The UK’s recent regulatory moves on digital assets and stablecoins have been fairly solid on substance but could benefit from a bit more style. By substance I’m thinking of the Electronic Trade Documents Act, the recently introduced Property (Digital Assets etc) Bill and just launched Digital Securities Sandbox (DSS). This ‘substance over style’...

/regulation

Do fintechs need to be FCA-authorised?
Richard Ellis

Richard Ellis Partner at Charles Russell Speechlys LLP

Do fintechs need to be FCA-authorised?

When asked why they founded their fintech business, few entrepreneurs would reply “Because I really wanted to engage with the intricacies of financial services regulation”. At first glance, fintech and financial regulation may not appear to be a match made in heaven. The former often moves more quickly than the latter. Given this, regulation can s...

/regulation

What does the UK’s proposed Digital Assets Bill mean for the future of crypto?
Chris Holmes

Chris Holmes Peer at House of Lords

What does the UK’s proposed Digital Assets Bill mean for the future of crypto?

On September 11 a new bill to clarify the legal status of digital assets, including crypto-tokens, was introduced to the House of Lords. Based on extensive work published by the Law Commission of England and Wales earlier this year the bill proposes a “third category” of personal property rights. Currently under UK law there are two traditional ...

/regulation

Wind of change: VAT and e-invoicing in the digital age
Jurgen Soetaert

Jurgen Soetaert Founder of Digicrowd, e-Invoicing expert at Flowin

Wind of change: VAT and e-invoicing in the digital age

Anyone in Europe that’s involved in invoicing and VAT will have heard of the EU’s VAT in the Digital Age (ViDA) proposal that’s been eluding agreement among member states for two years. Designed to streamline VAT across the European Union, member states have once again failed to reach agreement on ViDA during the latest vote in June 2024. A lot of...

/regulation

How can the UK become a world leader in regtech?
Retired Member

Retired Member

How can the UK become a world leader in regtech?

The global regtech industry could be worth $85bn by 2032, how can the UK become a market leader? One of the key challenges facing the City of London is the growing competition from finance centres all around the world. New York continues to be a powerhouse attracting many exciting businesses to list, Singapore’s regulatory environment and digital i...

/regulation

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