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Consumer Duty: How to go beyond compliance
Hamish Monk

Hamish Monk Senior Reporter at Finextra

Consumer Duty: How to go beyond compliance

In force since 31 July 2023, the Financial Conduct Authority (FCA)’s Consumer Duty regulation was designed to improve financial services protections for consumers. Since the go-live date, firms have made numerous improvements, and better, fairer outcomes are being delivered to customers. Yet, there remains room for firms to improve, and to build...

/regulation

Mind the fintech gap: Regulatory deadlines in 2025
Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

Mind the fintech gap: Regulatory deadlines in 2025

What regulatory deadlines are coming up in 2025? The financial services sector is facing a significant number of regulatory and standard updates, so Finextra has collated an overview of significant deadlines that are coming up this year. January EU – DORA will apply from 17 January The EU’s highly anticipated Digital Operational Resilience Act (DOR...

/regulation

How to comply with ISO 20022
Hamish Monk

Hamish Monk Senior Reporter at Finextra

How to comply with ISO 20022

The deadline for ISO 20022 – the new standard for electronic data interchange between financial institutions – is November 2025. Once fully implemented, ISO 20022 will be a game-changer for the global payments space; instilling enhanced interoperability, streamlined processing times, richer data, increased accuracy, lower maintenance costs, and e...

/regulation

The fintech sentiment: Are banks ready for DORA?
Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

The fintech sentiment: Are banks ready for DORA?

The EU Digital Operational Resilience Act (DORA) is intended to make the financial sector more secure, with the objective of bringing stability to the market and implementing ICT security and fraud measures. DORA will be fully applicable to financial institutions and IT service providers in the EU on 17 January 2025, after two years of preparation...

/regulation

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

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

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

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