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 indie rock bank Arcade Fire have a song on their “Neon Bible” album titled “Intervention”. The song begins with crashing chords on a church organ, building up an ominous
Head of Investments, Azariah Nukajam discusses in this blog the Financial Conduct Authority’s improvements to the Appointed Representative regime and its key areas of focus. In August 2022, the Financial Conduct Authority
Leading specialist consulting firm FSCom Limited (fscom) has today announced a partnership with world-leading alternative asset fund management group Bridgepoint following a significant investment to support the long-term growth of
The Road Ahead: PSD2 becomes PSD3. The expert view on the story so far, and what’s to come. The Second Payments Services Directive (PSD2) entered into force in 2018 and
