Viewing post categorized under: FinTech
Regulatory Bulletin: Revised Payment Services Directive (PSD2)
By admin | FinTech | 0 Comments
Revised Payment Services Directive (PSD2) WHAT is it? The second Payments Services Directive (PSD2) represents a significant evolution of the regulation applying to the European payments industry and has been drafted to take account of the ever-increasing pace of technological development in this area. It aims to build on the provisions of the first PSD, […]
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Regulatory Bulletin: MiFID II
By admin | FinTech | 0 Comments
MiFID II WHAT is it? The original Markets in Financial Instruments Directive (MiFID) represented a wide-ranging shake-up of European equity markets, as it sought to harmonise rules across EU member states, increase protection for market users, and lead to greater transparency and accountability for all types of investment firms caught under its scope. MiFID II […]
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Regulatory Bulletin: General Data Protection Regulation
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General Data Protection Regulation WHAT is it? The General Data Protection Regulation (GDPR) represents a major overhaul of data protection law, consolidating and replacing the UK’s Data Protection Act (DPA 1998) and EU data privacy laws. The GDPR will introduce wide-ranging changes to how personal data is collected, handled and processed. It wi ll widen […]
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Regulatory Bulletin: Insurance Distribution Directive
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Insurance Distribution Directive WHAT is it? The Insurance Distribution Directive (IDD) was designed to strengthen the rules of the 2002 Insurance Mediation Directive (IMD) . It is intended to create a level playing field among all participants in the insurance market. The new regulation applies to more types of firms than the IMD; whilst the previous […]
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Quarter 3 2016 – FinTech Capital News Summary
By admin | FinTech, News | 0 Comments
Fintech start-up NeoGrowth raises $35m from IIFL, existing investors livemint: 5th July 2016 NeoGrowth has raised $35 million of equity from IIFL Asset Management and existing investors Quona Capital. NeoGrowth will use the funds to help small retailers, including qualified borrowers with little or no credit history, access credit. James Azar Founds UK Fintech, […]
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Quarter 3 2016 – FinTech Compliance News Summary
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Call for input to the post-implementation review of the FCA’s crowdfunding rules FCA: 8th July 2016 The FCA wants to gather feedback from all interested parties relating to the loan-based crowdfunding sector about recent developments across the sector. The FCA has identified a number of potential concerns in regard to these developments. FinTech firms […]
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The future is Fintech
By admin | FinTech, Infographics | 0 Comments
FinTech, being short for financial technology is experiencing substantial growth worldwide. With substantial investments developing each year, FinTech is becoming more and more prominent. Share this Image On Your Site <p><strong>Please include attribution to https://www.fintechcompliance.co.uk with this graphic.</strong></p> <p><a href=’https://www.fintechcompliance.co.uk/2016/09/15/the-future-is-fintech/’><img src=’https://www.fintechcompliance.co.uk/wp-content/uploads/2016/09/Fintech-Compliance-Infographic-copy.png’ alt=’fintech-compliance-infographic-copy’ width=’827′ border=’0′ /></a></p> <p>
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Quarter 2 2016 – FinTech News Summary
By admin | FinTech, News | 0 Comments
Summary of relevant output on FinTech news between the period of 1st April 2016 to 30th June 2016 Singapore and Australian regulators team up to encourage FinTech innovators in the Asia-Pacific region Finextra: 17th June 2016 The Monetary Authority of Singapore and Australia’s Securities and Investment Commission are helping FinTech start-ups comply with regulations, […]
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Regulatory Bulletin: Market Abuse Directive II
By admin | FinTech, News | 0 Comments
Introduction The Market Abuse Regulation (MAR) and the Directive on Criminal Sanctions for Market Abuse (CSMAD) make up the legislation known as the Market Abuse Directive (MAD) II. MAD II was introduced on 2nd July 2014 and took effect across the EU, including the UK, on the 3rd July 2016 to replace the original Market […]
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Regulatory Bulletin: The Fourth EU Anti-Money Laundering Directive
By admin | FinTech, News | 0 Comments
Introduction The Fourth Anti-Money Laundering (AML) Directive was released in May 2015 and the reforms to the AML rules will become EU law on 26th June 2017. The UK legislation will come into force just before the deadline of 26th June 2017. What is going to change with the Fourth AML Directive? The areas […]
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Web browser Opera to acquire startup digital bank https://www.finextra.com/newsarticle/36188/web-browser-opera-to-acquire-startup-digital-bank #startups #digital #bank
Financial services sector banks on a digital future #financial #services #banking
https://www.cityam.com/financial-services-sector-banks-on-a-digital-future/
Fintech disruptor SoFi wants to become a national bank — again https://www.cnbc.com/2020/07/09/fintech-disruptor-sofi-wants-to-become-a-national-bank-again.html
Fintech start-up Nude raises £3.3m https://www.uktech.news/featured/fintech-start-up-nude-raises-3-3m-20200708 #fintech #startups
#SriLanka has entered into agreements with applicants experienced in #blockchain solutions for financial services to develop #POCs, implementing #KYC rules of course
https://beincrypto.com/sri-lankan-central-bank-to-develop-blockchain-based-poc/