fscom News and Events

MiFID II: stay focussed and keep perspective

[fa icon='calendar'] 02-Jan-2018 22:08:06 / by Alison Donnelly posted in FCA, Compliance

[fa icon="comment"] 0 Comments

The second Markets in Financial Infrastructure Directive (MiFID II), and its accompanying regulation the Markets in Financial Infrastructure Regulation (MiFIR), are set to take effect tomorrow (3 January 2018) – some four and a half years after first being approved by the Council of the European Union (and after a year-long delay intended to allow for the development of the complex technical infrastructure required by firms for compliance with the incoming changes).

Read More [fa icon="long-arrow-right"]

PSD2 spells the end of surcharges

[fa icon='calendar'] 22-Dec-2017 15:16:41 / by Alison Donnelly posted in PSD2, E-money, Compliance, Payment services

[fa icon="comment"] 0 Comments

When does a great deal turn out to be not such a great deal? When a credit card surcharge is added right at the end. Such hidden surcharges will be a thing of the past, mostly, come mid-January when the second Payment Services Directive (PSD2) is implemented.

Read More [fa icon="long-arrow-right"]

The RTGS game changer for payment and e-money institutions

[fa icon='calendar'] 09-Dec-2017 16:58:42 / by Alison Donnelly posted in Payment services

[fa icon="comment"] 0 Comments

Following on from my previous blog post, where I looked at the UK’s current and future payments architecture, one of the most interesting developments identified at the Project Regulator event that could be a game changer for payment and e-money institutions concerns the UK’s interbank real time gross settlement (RTGS) system.

Read More [fa icon="long-arrow-right"]

fscom Appoints Leading Payment Services Regulator as Head of Assurance

[fa icon='calendar'] 03-Dec-2017 21:10:41 / by fscom Team

[fa icon="comment"] 0 Comments

 

Read More [fa icon="long-arrow-right"]

Improving the UK's payment systems

[fa icon='calendar'] 20-Nov-2017 09:53:52 / by Alison Donnelly posted in E-money, Compliance, Payment services

[fa icon="comment"] 0 Comments

Last week, Project Regulator, which I lead on behalf of the Emerging Payments Association, hosted a special briefing on the new payments architecture organised by the inspirational and indefatigable, Anne Pieckielon, Director of Product and Strategy at bacs.

Read More [fa icon="long-arrow-right"]

Trouble in paradise? The AML failings of the Paradise Papers leak

[fa icon='calendar'] 16-Nov-2017 16:35:36 / by Stephen Stewart posted in Compliance, Risk Assessments

[fa icon="comment"] 0 Comments

If you’ve been following the news over the past week or so you’ll no doubt be aware of the latest dossier on leaked information – titled the Paradise Papers – from the International Consortium of International Journalists (ICIJ).

Read More [fa icon="long-arrow-right"]

Want a career with a fast growing, FinTech focused firm? Then read this

[fa icon='calendar'] 02-Nov-2017 16:11:00 / by fscom Team posted in Company news, Recruitment

[fa icon="comment"] 0 Comments

At fscom we're passionate about adding real, measurable value to our FinTech clients through compliance. It seems this passion is paying off. In just six months we've grown our team of financial services experts by almost 60%, to meet demand for the our services from FinTech business.

And it doesn't look as though things are going to slow down any time soon. Increased client demand means we are currently looking for a Senior Compliance Associate to join our Information Security team and help our FinTech clients maintain the trust of their customers by securing their information assets.

Read More [fa icon="long-arrow-right"]

PSD2 questions and answers

[fa icon='calendar'] 13-Oct-2017 15:52:21 / by Alison Donnelly posted in PSD2, E-money, Payment services

[fa icon="comment"] 0 Comments

The gateway for PSD2 applications opens today. About 500 authorised payment institutions and e-money institutions and 150 payment initiation and account information service providers are expected to submit applications to the FCA over the next few months in order to be authorised by 13 January (in the case of payment initiation and account information service providers) or re-authorised by 12 July in the case of those firms already authorised.

Read More [fa icon="long-arrow-right"]

3 Approaches FinTechs Are Using to Create a Competitive Advantage

[fa icon='calendar'] 04-Oct-2017 12:59:16 / by Jamie Cooke posted in Payment services, FINTECH

[fa icon="comment"] 0 Comments

Read More [fa icon="long-arrow-right"]

GDPR: business headache or business opportunity?

[fa icon='calendar'] 24-Sep-2017 19:51:47 / by James Donnelly posted in E-money, Payment services, GDPR

[fa icon="comment"] 0 Comments

If you are a CEO, board member or otherwise involved in delivering a business strategy or IT you probably feel like you are walking around with a GDPR (General Data Protection Regulation) gremlin hanging on your back. It’s whispering the words ‘consent’, ‘processing’, ‘big fines’ and lets no forget  ‘privacy statement’ into your ears day in, day out and as May 2018 approaches that soft whisper may start to feel like it’s becoming louder and more aggressive. The gremlin is feeding on continuous marketing emails, blogs (but hopefully not mine!) and newsletters arriving in your inbox with the nightmare scenarios for your company if you don’t get a move on and turn your business into a GDPR paradise. Employing their services to do so, of course.

Read More [fa icon="long-arrow-right"]