Expect more accountability from Financial Services and Markets Bill
Payment firms should be prepared for a higher cost of compliance when the Financial Services and Market Bill enters into force in 2023.
November 22, 2022
Payment firms should be prepared for a higher cost of compliance when the Financial Services and Market Bill enters into force in 2023.
Payments firms have the potential to unlock transaction data to infer a lot about global ESG impacts and drive real change across environmental, social and governance goals. Carbon accountability is coming and companies need to choose a strategy.
Open Banking is predicted to grow to 304 million users by 2026. Merchants, payment service providers (PSPs) and consumers will all benefit from the lower fees, immediacy and increased convenience that Open Banking offers.
The PSR is seeking views on proposals to increase the protections against APP scams, create quicker and mandatory reimbursements and put greater pressure on banks and building societies to tackle APP fraud. The Payments Association will be responding.
The Payments Association asked Kate Fitzgerald, head of policy at the Payment Systems Regulator, about her work and what she will be discussing at the Financial Crime 360 conference.
The use of cryptocurrencies, stablecoins and biometrics may solve some of the barriers to quick and safe cross-border payments.
In the coming months, Project Financial Crime members expect criminals to become quicker at exploiting the government’s cost of living schemes to help the vulnerable.
Representatives from companies such as Starling Bank, American Express, Nationwide, Visa, Mastercard, Bottomline, Clearscore, Vyne, Pennies, Tink, Eversheds Sunderland, Baker Botts and many more came together to discuss the future open banking model.
Rather than building a single global rulebook for payments, regional rulebooks are the better approach in the medium term, according to industry participants.
The G20’s payments programme is moving into the practical phase of its plans to improve cross-border payments. Where does it fall short?
As more organisations move to a cloud-based payments platform, the decision on whether to opt for a private or public cloud will depend on what is most cost effective for a firm.
The payments industry is in a unique position to develop solutions that can help retailers and customers with the cost of living crisis.
Companies wanting to expand into Africa should look at how neo-bank Kuda and mobile payments platform OPay have successfully penetrated the Nigerian market and overcome regulatory hurdles.
As consumer concerns rise about their finances, essential and non-essential spending, and managing their outgoings, the payments industry can create solutions that include clearer communication, personalisation, and transparency, especially around credit terms.
ISO 20022 is becoming the new global language for payments and cash management messaging. Paul Olukoya, managing director of payments, cyber and data at Grant Thornton UK LLP, offers his tips to overcome the implementation challenges that firms are facing.
Companies such as Monzo, Starling, Revolut and Curve worked with Mastercard to scale their businesses. How are fintechs winning market share by working with the global technology company?
With more financial decisions now in consumers’ hands, the changing digital landscape and the global economic crisis we are facing it is the time for us to set a higher
Last month, our Project Regulator team spoke to the FCA about its new Consumer Duty. With only 6 months to implement the principle into business plans, what does this mean
Whether it’s the speed of a seamless one-click checkout process for a business travel booking, effortless automated reconciliation and record matching, or the security of setting spending controls to stop
The value of cross-border payments globally is estimated to increase from almost $150 trillion in 2017 to over $250 trillion by 2027. Cross-border payments sit at the heart of international
Companies across the payments sector have 12 months to implement the Financial Conduct Authority’s new consumer duty rules that intend to improve how firms serve consumers.
Tune in to hear our expert line up of speakers discuss why CBDCs are an important part of the future and how we, as an industry, implement legislation to make
Since launching four years ago, Open Banking in the UK has been progressively gaining momentum. There are now over 5 million monthly active users, with 2021 seeing a 60% increase
The world is waking up to the importance of embedding sustainable practices in every part of society and business, and SDGs* currently represent vast investment opportunities, offering USD10 trillion in
Download this webinar to learn how your business can carry out a more thorough KYC check, meaning you can protect yourself against the rise in financial criminals and fraudsters. Speakers
The rules of the game are shifting. Since the 1970s, business leaders have sought to maximise the pursuit of profit in order to improve shareholder returns. However, today the situation
Hear our senior experts discuss the complexity of a rapidly changing industry, the main opportunities and challenges facing payments with a focus on regulation, compliance, customer centricity, competition, choice of
Hear our panel of speakers discuss unleashing the power of technology to seize new opportunities and answer the following questions: How to profitably integrate change? Does AI have the potential
Hear from Paul Roe, Head of Department for Payments Supervision, James O’Connell, Senior Manager: Banking, Payments and Insurance Authorisations and Helene Oger-Zaher, Payments Policy Manager of the FCA on the
Malintha Fernando, Head of Digital Experience and Accessibility, HSBC talks about how making digital banking accessible is not only the right thing to do, but it will also keep your
What does the future of digital financial services hold? Hear from industry leaders on their top predictions for the years ahead. Join the session and learn how to best plan
The regulatory pressure on payments firms continues to grow year-on-year. In 2022, we can expect to see a particular focus on some key areas such as customer communications, Anti-money laundering
Hear the session at PAY360 where David Jones, Head of Fintech, Mastercard & Mark Walker, Co-founder & COO, The Fintech Power50 & Editorial Director, The Fintech Times, discussed the lasting
Watch our 3 finalists, having made it through the public vote, pitch live to our panel of investors and VCs in a Dragon’s Den style session at PAY360 2022 as
Hear Steve Everett, Managing Director, Payables & Receivables Client Products at Lloyds Bank discuss how important payments are to national and global economies. He covers how the industry has come
Hear our panel of speakers answer the following questions: – How do you see open banking and open finance evolving? – What use cases have you seen that work well?
Hear our panelists debate: – What is an alternative way to pay these days and should it really be an appropriate way to pay? – Which alternative ways to pay
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