Navigating the shift: How banks and PSP’s can thrive with PSD3 and PSR in the EU & UK
PSD3 and PSR reshape EU payments with stronger protection, competition, and stricter fraud rules, influencing banks and providers.
November 28, 2024
PSD3 and PSR reshape EU payments with stronger protection, competition, and stricter fraud rules, influencing banks and providers.
Payment firms must balance innovation with compliance, while regulators support growth and trust.
Compliance in payment communications is key to trust; AI solutions and customised frameworks ensure secure, global adherence to regional regulations.
The FCA’s CP24/20 proposes significant changes to safeguarding rules for payment and e-money firms, requiring operational and compliance upgrades.
Gladius Assurance has launched a Safeguarding microsite to help firms navigate the FCA’s proposed changes to the Safeguarding Regime outlined in Consultation Paper 24/20.
Webinar: Join Linklaters LLP to learn how upcoming FCA safeguarding rule changes will impact payments firms on Wednesday, 2 October 2024, at 2:00 pm BST.
The merged R&D tax credit scheme in April 2024 introduces new rules for contracted-out R&D, benefiting larger businesses but requiring careful planning and documentation.
The new Reimbursement Claims Management System (RCMS) aims to simplify APP fraud claim processing, enhance PSP cooperation, and ensure adherence to updated compliance standards
New SEPA regulations in 2024 will require instant payments, fee parity, and improved fraud prevention, posing compliance challenges for financial institutions.
Payment companies are accelerating KYB with AI and APIs, enhancing onboarding speed and competitiveness while maintaining strict compliance.
Banks must quickly adapt to ISO 20022, leveraging strategic partnerships to overcome legacy system challenges and meet the March 2025 compliance deadline.
Thistle Initiatives has announced the expansion of its financial crime services to support fraud challenges
Swift’s updated CSP and IAF are essential for ensuring robust cybersecurity and compliance across the global banking community.
Fscom is hosting a webinar session discussing the FCA’s upcoming safeguarding consultation, exploring key implications and considerations for the industry.
Sanctions and counter-terror finance (CTF) screening have become a more demanding area of compliance. Sanctions lists used to be relatively static. Following the Russian invasion of Ukraine, they are now
ProID and Monet+’s free virtual conference will delve into the evolving landscape of digitalisation in critical sectors, focusing on the impact of new EU eIDAS 2.0 regulations on digital identity and electronic signatures.
PSPs must enhance their end-to-end reconciliations to deliver seamless, efficient payment services and stay competitive in the rapidly evolving fintech landscape
As the crypto market continues to innovate and grow, governments and regulators around the world are struggling to keep pace. The constantly shifting policy and regulatory landscape is also challenging
With less than five months to go before the first set of Consumer Duty annual board reports must, at the latest, be presented to managing bodies, work is, or should
In its recent annual briefing on financial services regulation and enforcement for 2024, Baker McKenzie details the anticipated developments and enforcement trends within the sector. Titled “What does 2024 hold?
Leaders of companies operating in the payment technology landscape are well-accustomed to the challenges of complex regulations set by various governing bodies. Whether the companies are established financial institutions or agile fintech start-ups, navigating this terrain requires much effort.
Payment compliance and risk management is expensive and time-consuming due to its multifaceted and idiosyncratic nature. There is no one-size-fits-all solution. The state of risk and compliance is ever-changing, and
Napoleon understood the importance of resilient supply chains as his Grande Armée spread across Europe. Today, payment firms are being told to improve the resilience of their operations by overseeing
Banks and finserv companies have a significant task in 2024 when it comes to building and retaining consumer trust. This is concerning news because it’s easier than ever for customers to switch banking providers.
The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising. So Payment Service Providers (PSPs) can anticipate customer needs and provide services that address their problems. However, as new PSPs continue to emerge, the landscape is becoming increasingly competitive. So PSPs have to meet changing customer expectations more quickly.
The upcoming arrival of the Digital Operational Resilience Act (DORA) on 17 January 2025 will end the fragmentation of legal obligations for ICT processes and security. By then, financial entities
Cellbunq, a leading platform provider for B2B and B2C onboarding, is announcing its latest feature to its compliance platform; a merchant onboarding system that can be completed in less than
After a year of development, the royal assent of the UK Financial Services Markets Act (FSMA 2023) signifies that change is on the horizon for the UK’s financial landscape and its players.
Extended partnership between PXP Financial and Foregenix to include best-in-class eCommerce cyber security monitoring October 31, 2023 – PXP Financial, the experts in global acquiring and payment, services, today announces a new partnership agreement
Tony Petrov, chief legal officer at Sumsub, summarises the rules incorporated in the EU Artificial Intelligence Act (EU AI Act) and how they might impact on the industry.
In recent years, blockchain has evolved and played an important role in technology optimisation, security, and transparency. Blockchain is not just a cryptocurrency and bitcoin; blockchain has the potential to deliver good solutions beyond
Sumsub Multiverse: The Roadmap to AI Regulation, a thought-provoking event that delves into the exciting world of artificial intelligence and its regulation. This occasion promises to be an illuminating experience,
The UK’s Financial Conduct Authority (FCA) has published its latest board minutes highlighting its increasing focus on artificial intelligence (AI), in which it “raised the question of how one could ‘foresee harm’
As we progress through the digital age, advancements in technology go hand in hand with escalated vulnerabilities. This rule is not limited to our laptops and smartphones but extends to all things
Advancements in generative AI come with critical concerns regarding data ownership and privacy, leaving businesses grappling with how to deal with sensitive information. Generative AI has made remarkable progress in
Global verification provider, Sumsub, became a member of the most influential community in payments, The Payments Association. London – 10 July, 2023 – Sumsub, a global full-cycle verification platform, is
As the world becomes increasingly connected, the threat of money laundering has grown, leading to stricter Anti-Money Laundering (AML) regulations in the UK. In this article, we will answer some
With fewer than ninety days to go until the Consumer Duty deadline on 31 July 2023, the FCA has urged firms to ensure they are ready to meet the deadline.
We are pleased to invite you to our next Payments industry webinar, where we will discuss priorities for payments firms following increased regulatory focus across the industry. Date: 12th May
Join Daon and our guest speakers from AIB, BankID and NatWest in our thought leadership session to discuss how financial institutions in the UK and Europe are getting ready to
Blackadder – “I’ve got a plan so cunning, you could put a tail on it and call it a weasel!” The similarities between Nikhil Rathi, Chief Executive of the FCA and
Sanctions against companies and individuals are constantly changing and the pace of change over the last 12 months has been unprecedented. A major reason is Russia’s invasion of Ukraine, which
The UK’s regulatory landscape is expected to change significantly as the Financial Conduct Authority (FCA) brings in new requirements for payments and e-money firms in 2023. A new report from
Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment companies, and fintechs, today announced a new partnership with Nikulipe, a Fintech company specializing in Local Payment Methods
8 February 2023 14.00 GMT Compliance is one of the most important aspects of any regulated business. But if 2022 taught us anything, it’s that keeping pace with rapidly evolving regulation
What is KYB? KYC is where companies identify their customers by verifying their identities to prevent money laundering, terrorist financing, and tax crimes. KYB shares similar features but is used
Salt Edge, a leader in building Open Banking API solutions, has announced its expansion to a new market – the Hashemite Kingdom of Jordan. The company’s goal is to assist
The Payments Association is delighted to announce our All-Party Parliamentary Group (APPG) membership. We are excited to work closely with Chair Ian Liddell-Grainger MP and his team to bring the
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
