Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Coreless banking represents a groundbreaking paradigm shift in the world of banking, aiming to revolutionize how financial institutions operate. In a nutshell, it is about embracing a system that giv...
The Baltic States—Estonia, Latvia, and Lithuania—are appealing to numerous Payment Initiation Service (PIS) providers because they serve as an entry point to the entire Single Euro Payments Area (SEPA...
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the “regulato...
Hong Kong has a well-established playbook of why it’s a leading international finance centre. We have competitive and low tax structures, free flow of capital, access to the Greater Bay Area (GBA), f
Francesco Fulcoli - Chief Compliance Officer The UK's financial regulator has sent a serious warning to financial institutions after identifying widespread failings in how firms are preventing money ...
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION “Complicated as hell.” That is how I would summarise new proposed regulatory measures to boost “diversity and inclusion” (D&I) in financial ...
The Financial Industry Regulatory Authority (FINRA) recently released its annual regulatory oversight report for 2024. This has been shared to provide firms with key insights and observations from the...
The enforceable deadline for DORA is now under a year away and organisations in the FS sector are in a difficult position. Preparing for any change in regulation is hard enough, but with the European ...
In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK,...
As I spend my days meeting with clients, chatting with partners and speaking at conferences, I've noticed a considerable shift in attitudes towards pre-trade controls. There is a tacit acknowledgement...
Card schemes were planning to increase fees, according to reports last autumn. Then the UK Payment Systems Regulator (PSR) announced in December 2023 provisional proposals to introduce a price cap fo...