Tag "regulation"
PSD2: How EU Banks And Fintechs Are Responding To Open Banking/APIs
The Payment Services Directive (PSD2), established by the European Commission and currently pending the adoption by the EU Counsel of Ministers, is a major policy development set to impact the payments industry across Europe. The PSD2 seeks to standardize and
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New EU Fintech Task Force to Propose Policy Measures in 2017
The European Commission has set up a special fintech task force to develop strategies to address the potential challenges that fintech poses. The working group will engage outside experts and market participants in order to propose policy suggestions in the
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EU’s Payment Services Directive (PSD2): What It Is And Why It Matters
Recent regulatory changes in Europe, including the Payment Services Directive (PSD2), are set to accelerate payments innovation. The Payment Services Directive (PSD) was initially adopted by the European Union (EU) in 2007 and aimed at providing a legal framework for
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Swiss Financial Regulator Announces New Rulings to Boost Fintech
The Swiss Financial Market Supervisory Authority (FINMA) has announced new rulings aimed at reducing obstacles for fintech startups and allow the industry to flourish. FINMA has released a new circular on video and online customer identification (FINMA Circ. 2016/7) allowing
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RegTech Solutions Will Help Firms To Automate Compliance Tasks and Reduce Operational Risks, Says Deloitte
Firms must embrace RegTech solutions as they will help them automate compliance tasks and reduce operational risks associated with meeting compliance and reporting obligations, according to a report from Deloitte Ireland. Entitled ‘RegTech Is The New FinTech, How Agile Regulatory
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