2/21/2025 10:38:14 AM DORA: ESAs set out roadmap towards the designation of critical ICT third-party service providers and Commission adopts RTS on threat-led penetration testing By Victoria McGowan Stephen Clipsham The European Supervisory Authorities (ESAs) have provided a roadmap to move forward with designating critical ICT third-party service...
2/19/2025 10:59:48 AM Payments strategic alliances - the why, how and what to look out for By Olivia Murphy Strategic partnerships or alliances are on the rise in the payments and fintech space and in recent weeks we have seen traditional banks...
2/17/2025 3:12:44 PM New German rules on safeguarding accounts - what PSPs need to know By Marius Raetz Dr Clemens Boehm As part of its omnibus act on urgent legislation in the financial sector, the German legislator has changed the safeguarding rules for...
2/12/2025 9:45:42 PM AI know it when AI see it: EU tries to clear up what an AI system is By Raza Naeem Simon Treacy The European Commission has issued guidance on what systems are artificial intelligence under the EU’s AI Act. Understanding the scope of...
2/12/2025 6:25:42 PM It’s complicated: The EU’s on-again off-again relationship with open finance By Simon Treacy Two years ago the European Commission proposed regulating how financial data is shared within the EU. Earlier this week reports suggested...
1/31/2025 1:28:20 PM Commission rejects DORA subcontracting rules By Raza Naeem James Morris Simon Treacy The European Commission has formally rejected draft rules on monitoring ICT supply chains under the Digital Operational Resilience Act....
1/30/2025 11:48:49 AM The EU AI Act: What is it and what do payments firms need to know? By Olivia Murphy The EU AI Act is a regulation which applies directly in every Member State and seeks to impose requirements on the supply and use of AI...
1/24/2025 2:22:17 PM EBA guidance on acquiring payments transactions and whether electronic money institutions can apply negative interest By Olivia Murphy In our previous post we covered two new and important pieces of guidance from the European Banking Authority. In this post we cover two...
1/23/2025 10:32:24 AM EU shares key guidance on DORA By Raza Naeem James Morris Simon Treacy Can a financial service be an ICT service? This question often came up in the course of implementing the EU’s Digital Operational...
1/22/2025 3:00:35 PM The EBA's latest PSD2 guidance and its impact for payments firms By Olivia Murphy The European Banking Authority has released a new batch of Q&A responses covering a range of PSD2 topics. In this post we cover the...
1/17/2025 5:33:18 PM Payments in 2025 #5 – AI in payments By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less The payments industry has a strong track record of using AI to help spot and stop fraud. Now, as they explore other opportunities to...
1/16/2025 8:55:11 PM DORA deadline day arrives: Here are five things firms still need to do By Raza Naeem James Morris Simon Treacy Even as the EU’s Digital Operational Resilience Act comes into effect, more work remains to be done. After a two-year implementation...
1/16/2025 4:47:19 PM Payments in 2025 #4 – Future of retail payments By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Policymakers in the EU and UK are, for now, allowing a diverse landscape of payment options to co-exist and compete. Instant payments The...
1/15/2025 4:25:23 PM Payments in 2025 #3 – Payment services By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less More regulatory change is on the horizon for payment services. The detail of key reforms to EU and UK payment services legislation will...
1/14/2025 12:22:39 PM Payments in 2025 #2 – Safeguarding By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Later this year the Financial Conduct Authority will determine its approach to changing the safeguarding regime for payments firms....
1/13/2025 4:55:05 PM Payments in 2025 #1 – Operational resilience By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Operational resilience rules will start to be enforced in the EU and UK this year. Payments firms can anticipate more scrutiny about...