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Latest Results from /regulation

Hamish Monk

Hamish Monk Reporter at Finextra

PSD3 use cases

In 2026 the existing second Payment Services Directive (PSD2) will formally be replaced by two new pieces of legislation: the first Payment Services Regulation (PSR1) and PSD3. The European Commission’s aim is to boost payments security and level the playing field between banks and payment initiators (PIs). With the transition period well underwa...

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Chris Holmes

Chris Holmes Peer at House of Lords

UK election 2024: What it means for fintech regulation

We are days away from a general election and when the new government introduce their legislative agenda on 17th July, I hope it will include a new Smart Data Bill, Digital Assets Bill, National Payments Vision and, in case the government doesn’t introduce one, I will be bringing back my private members bill on regulating AI. Future of finance Num...

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

UK election 2024: What each party’s manifesto outlines for fintech

The countdown to the UK General Election is nearly up, with polling taking place this Thursday 4th July. With this in mind we decided to take another look at how each of the major parties’ manifestos addressed some of the key issues in fintech. Innovation Conservatives and Lib Dems have pledged to increase public spending on R&D. Tories said t...

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Ram Gopal

Ram Gopal Professor at University of Warwick

Generative AI will revolutionise the proptech sector

At the height of the coronavirus pandemic, tens of thousands of Britons found themselves racing against the clock to complete their home purchases, as a deadline loomed for the expiration of a property tax relief measure. Offering savings of up to £15,000, the relief had spurred a surge in transactions that overwhelmed estate agents, surveyors, an...

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Luke Scanlon

Luke Scanlon Head of Fintech Propositions at Pinsent Masons

Open finance and smart data: Where are we heading?

Two significant steps have been taken recently which are poised to move forward the discussion on the future of open finance and smart data in the financial services context. Those steps are the potential for finalisation of the Data Protection and Digital Information and (DPDI Bill) and the Joint Regulatory Oversight Committee (JROC) proposals fo...

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Gabriela Giannattasio

Gabriela Giannattasio VP EMEA at Veritran

What is DORA, and how can banks collaborate with tech providers to prepare for it?

This article was co-authored by Carlos Cordova Niewold, chief cyber resilience officer at Veritran. As financial transactions have increasingly moved to digital platforms, the banking sector has evolved into a technology-first ecosystem. Concurrently, the mass digitisation of financial services has led to an influx of technology startups with varyi...

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Chris Holmes

Chris Holmes Peer at House of Lords

What does the General Election mean for Data Protection, Digital Markets, and AI Regulation Bills?

I started the year writing about three important new laws that were with us in the House of Lords: the Data Protection Bill, the Digital Markets Bill, and my own AI (Regulation) Bill. The Data Protection and Digital Information Bill covered many aspects of data protection law including enabling smart data/data sharing across government – key fo...

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Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

UK Elections 2024: What did Labour and the Conservatives promise ahead of the election?

The UK will hold its first general election in five years on 4th July 2024, against the backdrop of the cost of living crisis, bank interest rates being cut, long NHS waiting lists, plans for asylum seekers and migrants to be deported to Rwanda, the Israel-Hamas war, the Russia-Ukraine war, and non-prioritisation of climate change mitigation. In...

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

Digital Pension Dashboards and why we need them

The National Audit Office (NAO), recently released a report attributing the delays in the Pensions Dashboard Programme (PDP) to lack of digital skills and incapacity. This is a serious drawback to the progress in digital pensions. However, it does answer some of the questions those reliant on the programme have been asking for the past year. It le...

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Hamish Monk

Hamish Monk Reporter at Finextra

How to prepare for DORA

As the result of a partiality for fierce innovation, the financial sector is increasingly dependent on technology to deliver its offering. The sector has therefore become highly vulnerable to cyber-attacks and other digital ‘slip-ups’. If not handled correctly, a compromised IT system could spark a knock-on disruption to financial services, the co...

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Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

Reverse solicitation: Is this the end to license-free provision of financial services?

The reverse solicitation rule has become increasingly important in the cross-border financial services sector since Brexit. In short, it enables the cross-border provision of financial services or the granting of loans without the necessary authorisation in the recipient country if the service is requested at the customer’s exclusive initiative. F...

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Chris Holmes

Chris Holmes Peer at House of Lords

Open banking next step: A request for public input on how to structure the 'Future Entity'

The Joint Regulatory Oversight Committee (JROC) consists of the Financial Conduct Authority (FCA), Payments Systems Regulator (PSR), HM Treasury (HMT) and the Competition and Markets Authority (CMA), and is tasked with realising the full potential of open banking. To this end, they have published recommendations for the next phase of open banking...

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