fscom News and Events

"Is Open Banking the epitome of inclusivity?" EWPN Ireland Launch Event - 20 June 2019

[fa icon='calendar'] 30-May-2019 17:06:06 / by Alison Donnelly posted in In the Media, Regulatory compliance, Open Banking and SCA

[fa icon="comment"] 0 Comments

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

New Communication Rules for Payment and E-Money Institutions

[fa icon='calendar'] 09-May-2019 15:00:00 / by James Borley posted in Regulatory compliance, Payments sector, E-money sector

[fa icon="comment"] 0 Comments



Back in October last year, fscom director Alison Donnelly wrote a blog on the FCA’s consultation on new rules for payment and e-money institutions. As explained in that blog, due to FCA concern with how some e-money and payment institutions have communicated with their customers in the past, certain sections of the FCA Handbook are being applied to payment and e-money institutions.  

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

Open banking and strong customer authentication: help!

[fa icon='calendar'] 08-May-2019 15:53:12 / by Alison Donnelly posted in Regulatory compliance, Payments sector, E-money sector, Open Banking and SCA

[fa icon="comment"] 0 Comments



With only four months to go to the final PSD2 implementation date of 14 September 2019, all payment service providers must make sure they are urgently progressing plans to meet the additional regulatory obligations or to confirm that their obligations are met. 

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

EWPN Announces Ambassador for Ireland

[fa icon='calendar'] 03-May-2019 14:45:00 / by fscom Team posted in In the Media

[fa icon="comment"] 0 Comments

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

Becoming an Authorised Payment Institution

[fa icon='calendar'] 25-Apr-2019 15:10:07 / by fscom Team posted in authorisation, Regulatory compliance, Payments sector

[fa icon="comment"] 0 Comments

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

Payment services: making safeguarding work

[fa icon='calendar'] 10-Apr-2019 11:15:00 / by Alison Donnelly posted in Regulatory compliance, Payments sector, safeguarding

[fa icon="comment"] 0 Comments

Safeguarding is both a simple and important concept. Every payment and e-money institution that I have ever worked with wants to protect their customers’ funds and make sure that, if the worst came to the worst and they became insolvent, either their customers’ payment instruction would be fulfilled or they would have their funds returned to them.


Download our safeguarding report

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

The Current Role of Transaction Monitoring in AML

[fa icon='calendar'] 05-Apr-2019 07:48:00 / by Eoin Kearns posted in AML Audit, fincrime

[fa icon="comment"] 0 Comments

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

fscom announces brand refresh

[fa icon='calendar'] 03-Apr-2019 15:22:50 / by fscom Team posted in In the Media

[fa icon="comment"] 0 Comments

fscom brand video

fscom is proud to announce a refresh of its brand identity.

 

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

Strong customer authentication: not as simple as just 2FA

[fa icon='calendar'] 22-Mar-2019 17:24:27 / by Alison Donnelly posted in Regulatory compliance, Payments sector, E-money sector, Open Banking and SCA

[fa icon="comment"] 0 Comments

In my previous blogs I have given you the basics of strong customer authentication (SCA) and explained how the exemptions could be used to minimise the disruption experienced by payment service users when making payments or accessing transaction information. In this blog, I will take a closer look at the details of the SCA obligations and explain why it’s not as simple as the much-mentioned two-factor authentication (2FA).

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

Brexit: Temporary Permissions Regime for EEA firms

[fa icon='calendar'] 19-Mar-2019 20:15:43 / by James Borley posted in BREXIT, Regulatory compliance, Payments sector, E-money sector

[fa icon="comment"] 0 Comments

At the time of writing there are 10 days to go until the date (currently) written in UK and EU law on which the UK is scheduled to leave the European Union on March 29, 2019 – Brexit Day.

In anticipation of a ‘no deal’ Brexit, HM Treasury has enabled the FCA (and PRA) to create a Temporary Permissions Regime (TPR) whereby, at its simplest, EEA firms can effectively ‘grandfather’ their passports for a limited period beyond Brexit Day. 

This blog seeks both to remind EEA firms of the TPR, and the need and method to enter it, prior to Brexit Day (assuming that the current timetable remains), but also to highlight a couple of pitfalls for payments and e-money firms should they leave such notification to the very last moment.

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