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Expert Insight into the UK’s Financial Services post Brexit Regulatory Framework
Haydn Lightfoot, Senior Director at Synechron Business Consulting, said: “The comments from the UK government that Britain will seek to develop a distinct regulatory framework from the EU after Brexit would appear to continue a theme started earlier in the year by US government proposals to loosen several regulatory demands and raise thresholds, to reduce regulatory obligations on banks in the US. Such actions suggest the financial sector has reached a tipping point over maintaining regulatory standards, with instead clear consideration being given by governments to attracting banking business by creating more favorable banking environments.
“Should the UK and EU Brexit negotiators agree on a transition period from March 2019 through to final implementation of any post Brexit arrangement, this would relieve both the pressure on banks relocation plans and provide local EU regulators with additional time to process applications for new banking licenses from firms needing to establish new EU bases. To be effective though, the details and timing of any transitional arrangements need to be agreed and made public fairly quickly as all parties are clearly planning for March 2019 at present.”
- The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project Read more
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- EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’ Read more
- Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation Read more
- MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy Read more
The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project
Almaviva, an Italian digital innovation Group, and Fabrick, a Sella Group company active in Open Finance at an international level, have been selected by the European Central Bank (ECB), as part of the Digital Euro project, to develop the mobile app and its technological infrastructure that will enable European citizens to use the European digital currency.
Maven VCTs Launch £50 Million Fundraise
The Maven VCTs are also notable for the diversification they offer. Spread an investment across all four Maven VCTs and an investor will be invested in over 130 private and AIM quoted companies. A diverse portfolio helps ensure individual failures, inevitable when investing in small companies, don’t sink the whole VCT.
Attivo Deploys Recordsure’s AI Technology to Evidence Its Ongoing Advice Compliance and Cut File Review Costs
Attivo, a forward-thinking and rapidly growing independent financial advice firm, has implemented Recordsure’s predictive AI technology to enhance its ongoing advice compliance, ensure consistent and compliant service delivery, and reduce the cost of file reviews.
Cuzdan LLC Partners with PayTabs Group to Power Azerbaijan’s Digital Payments Future
Cuzdan LLC, one of Azerbaijan’s fast emerging financial institutions, today announced the rollout of its new nationwide payment orchestration platform. Powered by PayTabs Group’s award-winning payment orchestration infrastructure, the platform is set to transform Azerbaijan’s payments landscape by enabling merchants and consumers to transact with greater speed, security, and convenience.
EFT Corporation Appoints Adri Führi as Group Chief Financial Officer
EFT Corporation, a leading payment solutions provider operating across African markets, today announced the appointment of Adri Führi as Group Chief Financial Officer, effective immediately.
PayDo Introduces USD IBAN via SWIFT
PayDo has added dedicated USD IBAN accounts to its platform, now available for clients through the SWIFT network. This new feature allows businesses and professionals to receive US dollar payments directly, without delays from intermediary bank checks. At the same time, PayDo has extended its currency support to more than 60 national and regional currencies.
Aditya Birla Global Trading and Crown Agents Bank Partners to Support Business Expansion Across Africa
Crown Agents Bank (CAB) has collaborated with Aditya Birla Global Trading (formerly Swiss Singapore) to develop tailored financial solutions that support their strategic expansion across African markets.
The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project
Almaviva, an Italian digital innovation Group, and Fabrick, a Sella Group company active in Open Finance at an international level, have been selected by the European Central Bank (ECB), as part of the Digital Euro project, to develop the mobile app and its technological infrastructure that will enable European citizens to use the European digital currency.
EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’
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EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
Binance, the world’s largest crypto exchange by trading volume and users, today announced the inaugural launch of The Blockchain 100. This new annual awards show is designed to recognize and celebrate the most influential creators advancing blockchain education, innovation, and community engagement.
MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy
MAPFRE AM, the asset management arm of MAPFRE Group has appointed Ismael García Puente as the new Deputy Director of Investment Strategy, a newly created position in which he will be involved in the development and communication of the MAPFRE Group’s investment strategy, overseeing the management of specialist funds, market analysis, and asset allocation. He will also continue to assume responsibility for managing the wealth manager networks and life insurance portfolios as well as liaising with customers.
Open Banking Startup Yavrio Named One of CNBC’s UK Top Fintechs 2025, Cementing Leadership in Enterprise Finance
Yavrio, a fast-growing Open Banking fintech enabling embedded payments and banking directly into ERPs, has been selected as one of CNBC’s Top UK Fintechs 2025.
Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
A new research report from global payments infrastructure platform Mercuryo and Web3 research firm Protocol Theory shows that while cryptowallet adoption is accelerating among affluent users, lower-income groups face costly access points and risk being excluded.