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The spat continues between the UK, Europe and the US over the fate of the vast Euro denominated swaps market in a post-Brexit world. The core issue here is all about where this stuff should be cleared...
I’ve been working with FI’s for many years, and I have to say that (sometimes) I feel sorry for them. It must be tough to have writers and marketers constantly poking fun at your highly-regulated indu...
Regulatory Demands on the Rise In financial services, regulatory demands continue to increase along with the pressure from regulators. For example, year after year Anti-Money Laundering (AML) requirem...
Fintech companies wishing to use Open Banking APIs should consider the regulatory challenges they face prior to building out solutions. This article provides a UK perspective on how Fintech companie...
I attended a Competition and Market Authority (CMA) sponsored Nesta Fintech Innovation Challenge in Manchester earlier this year. Funding of £5M and access to the Financial Conduct Authority (FCA) reg...
Coming into force on May 11th, 2018, FinCEN’s Final Customer Due Diligence (CDD) Rule (i.e. FinCEN Final Rule (CDD)) will bring in sweeping new changes to how financial institutions collect, maintain ...
As a humble developer, I have been trying to get up to speed on the state of play with Open Banking and PSD2 API standards and timelines. Here is what I have found. Plenty of Standards To Choose From...
European banks are required to provide secure APIs and Developer portals to allow licensed 3rd parties to access bank customer data with their consent. This is as a result of the new Open Banking regu...
Over the past several months I have signed up and written code for a number of bank APIs. Below are my general observations with my experience using the developer portals and testing sandboxes. Avera...
Open Banking promises an exciting future. It can revolutionise financial services for Europe’s 540 million banking customers. The vision of providing customers more control over their data, increasin...
Sadly, it’s not hyperbole to say that literally every week we hear of a new data breach. In September, we learned that Equifax, one of the United States’ three major credit reporting agencies, fell p...
Charles Darwin’s research showed it isn’t the strongest of the species that survives, nor the most intelligent, it is the one that is the most adaptable to change. This sentiment may have come to ligh...