We are pleased to announce we have signed a strategic partnership with Fiorano Software, a leading provider of integration middleware, API Management and banking solutions in London. The partnership aims to help our clients fulfil their Payment Service Directive (PSD) 2 obligations with full confidence by the regulatory deadline. “As a company whose priority [...]
The European Banking Authority (EBA) has revised its guidelines on outsourcing in an effort to help financial institutions apply a single framework for all their banking, investment and payment activities and services. With the importance of fintech providers getting ever greater in the rush to digitisation, financial institutions are adapting their business models, embracing [...]
The boss of one of Europe's biggest financial technology startups has called on the UK government to introduce specialised tech visas to ensure London remains a fintech powerhouse post-Brexit. London-based Revolut, which has more than four million customers throughout Europe, insists it is committed to the UK, vowing to double its workforce in the [...]
New year, New Regulations, New Challenges With the year of MIFID II behind us, firms can now start looking ahead at what’s coming next over the horizon. Well, almost. The MIFIR compliance date may be past us, and the go-live may have gone relatively smoothly for a majority of firms, but there’s still a [...]
When UBPartner and BRSANALYTICS partnered to deliver XBRL reporting tools for CRD4 and Solvency II, the focus was on providing total and effective support. This obsession on customer success has helped over 20 banks and insurance firms to deliver their XBRL reports for the first time. PARIS, FRANCE (PRWEB UK) 14 [...]
Notice To Our Esteemed Customers As you are aware the Depositor's Compensation Scheme (DCS) unit within the MFSA has just released the first Draft of the technical XML Schema that is required to report data. These include new field specifications covering SCV and DEF accounts, and new file format (XML) for correct [...]
European Central Bank’s bid for more powers represents challenge to City’s dominance of £880bn-a-day business London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business. The move by the [...]
Remarks by Peter Praet, Member of the Executive Board of the ECB, at the Association of Banks in Bulgaria, Sofia, 24 May 2017 Europe’s economic recovery Since June 2014, the ECB has introduced a range of unconventional measures, alongside our conventional ones, in pursuit of its price stability objective. Together, [...]
The European Central Bank (ECB) will begin tapering its generous asset-buying program in the fall, according to the CEO of Italy's largest retail bank, with interest rate hikes to follow as soon as 2018. "In one year (or) a couple of years, we will have, for sure, a reduction in quantitative easing and we [...]
Brexit minister David Davis said on Wednesday that Britain will not be paying €100bn to leave the EU. Reports that the EU was preparing to demand that amount appeared in the Financial Times, which cited its own analysis of new stricter demands it said were driven by France and Germany. "We'll not be paying [...]