Category: investment

Explore the RegTech Revolution

The European Commission’s latest move means the UK will face stricter finance regulations after Brexit

Europe’s political top dogs have laid out the EU’s regulations regarding cross-border financial services trade. For Britain, this could mean stricter rules when the country leaves the EU. The European Commission has announced it is taking stock to its rules regarding equivalence in the area of financial services. In short, equivalence means ensuring that the…
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2nd August 2019 0

Why Regulatory Compliance Can Be Complicated And How AI Can Simplify It

Every industry — from healthcare to entertainment — is overlooked by some or another form of the regulatory body. In fact, in some key sectors such as finance, multiple regulators control different aspects of the sector. For instance, just in the US, there are at least ten different financial regulators such as the Securities and…
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26th July 2019 0

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied. Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got…
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24th July 2019 0

FCA working with HM Treasury to finalise rules on SM&CR extension

The Financial Conduct Authority is working with HM Treasury to publish its final rules on the extension to the Senior Managers and Certification Regime (SM&CR). SM&CR was initially introduced by the FCA in 2016, with a goal of lowering harm to consumers and boosting market integrity. The regulation encourages a culture of all levels of…
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16th July 2019 0

PayPal invests in and partners with open banking platform Tink

Open banking API developer Tink has received an investment from online payments giant PayPal. The value of the transaction was not disclosed. Funds from the investment will be used to support Tink’s expansion across Europe and extending the reach of its open banking services, as well as build the next generation of financial services, it…
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7th June 2019 0