When the UK’s Financial Conduct Authority announced the first round of Fintechs for their regulatory sandbox in 2015, it was heralded as a progressive move and reinforced the UK’s dedication to financial innovation. The FCA is now hosting their fourth cohort of companies, and it is evident that this may not be the right model…
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I predict we’ll look back on 2019 as the breakthrough year when the U.S. financial agencies moved, each and all, to begin the digital modernization of regulation and compliance. Regulatory change is slow by nature — by design, really, because getting things wrong can do so much damage. It’s also buffeted by political winds that…
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The European Securities and Markets Authority (ESMA) has published its advice to the European Union (EU) institutions on crypto-assets and initial coin offerings (ICOs) regulation, calling for a common EU-wide regulatory approach. In its advice paper, ESMA notes that some member states have or are considering introducing crypto-assets related rules at the national level. Though…
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The place of technology has transformed in our lifetime, moving from the mainframe to the palm of our hands. Once it meant efficiency, but now it’s enabling our lives, and whole economies, to change. In the 1970s, my mother was a COBOL programmer, working for Hammersmith Council. There were sandbags around the mainframe; it had…
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Good to hear from our founder and procurement tech guru here on the UK/Europe site – hopefully we’ll hear more from Jason in the coming months. On Spend Matters yesterday, Chen Amit, CEO of Tipalti, penned a guest post that introduced the topic of “regtech”. He observes that: “In 2019, fintech will no longer be…
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The United Kingdom’s national standards body, the British Standards Institution (BSI), has partnered with blockchain company OriginTrail to increase supply chain transparency. The partnership was reported in a Jan. 24 press release. BSI, which has operated since 1901 and had a reported revenue in 2017 of 473 million GBP (about $616 million), says it wants…
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How experts from the securities industry and its regulators view AI, blockchain and other new technologies In the future, blockchain, artificial intelligence, network analytics and other new technologies may become as commonplace as the next-day or same-day delivery of consumer items, which was only an idea a few years ago. But for now, these technologies hold more promise than…
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Security and data protection should be our number one priority. As companies worldwide are adopting technologies like big data, cloud, AI-enabled IoT (Internet of Things) and mobility, security becomes a top priority. But the digital era calls for a different approach to security. The current focus on securing network perimeters needs to shift to safeguarding…
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Half of consumers in Hong Kong are happy to let third-parties access their financial data so they can access more personalised banking services and higher returns, according to a study from Accenture. Accenture, a financial solution developer, conducted an online survey of 2,010 Hong Kong consumers late last year, with results showing opportunities open banking…
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