financial services industry

Beyond the Horizon
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Beyond the Horizon

As the number of financial advisors continues to decrease, firms must think creatively to breathe new life and excitement into the financial services profession. As the number of financial advisors continues to decrease year after year due to planned retirements, unforeseen events, or simply the frustration of increased regulation, firms […]

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Digital transformation Emerging Technology financial services financial services industry Innovation investment new applications new technology strategy technology

AISPs: The Future of Money Management

Business models and tech aside, Open Banking companies look set to change the way we handle our cash Since the European Union introduced the second Payment Services Directive – or PSD2 – in January of last year, there’s been an explosion in the number of new financial technology companies entering […]

Ping Identity reveals IPO for the New York Stock Exchange
banking platform Capital market data analysis data analytics digital approach finance financial services industry Fintech Identity Verification Innovation privacy risks Regulation risk tolerance

Ping Identity reveals IPO for the New York Stock Exchange

Ping Identity, an IT security and identity authentication platform, has revealed the initial public offering of its common stock on the New York Stock Exchange under the name PING. The company will issue 12.5 million shares at a price expected to be between $14 and $16 per share. Ping Identity […]

Luxembourg regulator highlights hard Brexit implications for UK firms
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Luxembourg regulator highlights hard Brexit implications for UK firms

Luxembourg’s financial regulator has called for UK asset managers to notify it as soon as possible if they want to be able to conclude new contracts in the country following a potential “hard Brexit”. In a press release, CSSF reiterated that, if the UK exits the EU without ratifying a withdrawal […]

The European Commission’s latest move means the UK will face stricter finance regulations after Brexit
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The European Commission’s latest move means the UK will face stricter finance regulations after Brexit

Europe’s political top dogs have laid out the EU’s regulations regarding cross-border financial services trade. For Britain, this could mean stricter rules when the country leaves the EU. The European Commission has announced it is taking stock to its rules regarding equivalence in the area of financial services. In short, […]

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied
business development Cryptocurrency digital approach Digital transformation Emerging Technology financial services industry Fintech global markets

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied. Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before […]

European Supervisory Authorities calls for improved clarity on cross-border activities
finance financial research financial services industry Fintech Regulation retail banking

European Supervisory Authorities calls for improved clarity on cross-border activities

The Joint Committee of the European Supervisory Authorities (ESAs) calls for more clarity on activities carried out through digital means, in the new report. In a new report on the cross-border supervision of retail financial services, the ESAs has identified the main issues national competent authorities (NCAs) face with supervising […]

Swift to test real-time cross border payments in Europe
banking platform business development Capital market digital approach Emerging Technology financial services industry

Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips). While payment messages cross the Swift network in real-time, the settlement and receipt of funds in the beneficiary account can lag by several […]

Is ‘Brexit effect’ to blame for drop in UK data management investments?
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Is ‘Brexit effect’ to blame for drop in UK data management investments?

Research from data backup software supplier Veeam suggests UK C-suite is set to invest much less in data management over the course of the next 12 months than the rest of the world, prompting concerns that Brexit might be to blame  The economic uncertainty surrounding the UK’s exit from the […]

Regulation is the biggest barrier to digital innovation for UK financial institutions
banking platform Capital market data protection Emerging Technology finance financial research financial services industry Innovation innovative solutions Regulation Risk Management

Regulation is the biggest barrier to digital innovation for UK financial institutions

New research released by financial services technology leader FIS™ (NYSE: FIS) reveals that the greatest barrier to UK financial institutions developing digital products, services and operations is regulatory compliance risk. The findings are from FIS’ global Readiness Report, which shows that, by comparison, the biggest barrier to digital innovation for […]