Damien Euston

Davies’ Evaluation Endorses DataVisor’s Enhanced AML/BSA Solutions, Affirming Operational Integrity and Seamless Investigation Processes for FIs “At DataVisor, we hold a steadfast commitment to continuously advancing and ensuring the quality of our product,” said Fang Yu, DataVisor co-founder and chief product officer. “By leveraging Davies’s specialized expertise and rigorous validation processes, we are able to meticulously assess and validate the effectiveness and integrity of our products. Together with Davies, we are proud to demonstrate a sound and robust AML/BSA solution with modern technology to combat financial crimes within the global financial ecosystem.” Kurt Drozd https://lnkd.in/eT6A6f86 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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A fintech loan company established in Cardiff has been bought by an FCA-regulated payments institution and credit reference agency. Cardiff-headquartered Hope Macy, which is known for its consumer duty compliant app, Family Connect, which protects people from financial harm has completed a strategic acquisition of Slick Solutions.  https://lnkd.in/exExSFRP #cardiff #fintech

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The Lending Standards Board Adds SME Lender iwoca to Business Standards Registration Seema Desai, Chief Operations Officer at iwoca added: “Our registration with the LSB’s business Standards provides assurance to our customers that we continue to put fair treatment of our SME customers at centre-stage, and is a sign of our commitment to the highest standards of conduct.”  https://lnkd.in/eYjvBSma Emma Lovell Brian Clarke Olivia Bamber Anna Roughley Mark Di-Toro Farah Sisalem Quentin Rouillon Fred Kisielewski #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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EBA CLEARING launches latest VOP solution. The new solution aims to support payment service providers (PSPs) by offering verification of payee services, which aligns with the instant payments regulation https://lnkd.in/dnbV-b4u #fundadmin #Custody

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We speak to Head of Corporates and International Banking at FIS, Andrew Bateman, about ways international banks can stay relevant in an era of innovation. 💬 "The need to transform quickly is there. And the challenge is how you make that happen whilst maintaining the stability of your environment. This often means managing legacy applications that are less flexible with new technology solutions that can adapt and grow your business." Find out what else he had to say here: https://ow.ly/pPvF50RAe2H #Interview #Banks #Banking

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#Visa and #Mastercard Reaction as #UK #Payments #Regulator Plans Crackdown on #Fees #financialservices #fintech #banks #banking #payments #ecommerce #digitaltransformation #Money2020EU #FintechLive https://lnkd.in/erTh84fT

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A #sandbox for financial market infrastructures that is on track to launch in the UK this year has the potential to become a ‘catalyst of change’ towards the adoption of innovative technologies, an executive director of the Bank of England (BoE) said in a speech this week. The Digital Securities Sandbox (DSS), which will be overseen by the BoE alongside the Financial Conduct Authority, is being created to enable regulators to curate the take-up of #digitalasset #technology in #financialmarkets – a field seeing surging levels of private-sector investment. In a speech titled ‘The UK’s Digital Securities Sandbox: supporting the next frontier of #innovation’, the central bank’s executive director of financial market infrastructure, Sasha Mills, spoke about how regulators can try to match the private-sector’s pace of innovation and support its beneficial application without compromising financial stability. https://lnkd.in/ezGZJMCw City & Financial Global Global Government Forum HM Treasury Ian Hall #financialservices #DLT #programmability #fintech #CityWeek2024

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Standard Chartered Launches ESG-Linked Cash Account “As companies move from ambition to execution on sustainability, banks play an important role in enabling and motivating them on this journey,” said Mahesh Kini, Global Head of Cash Management at Standard Chartered. “The launch of our ESG-linked Cash Account is another testament to our commitment to offer our clients solutions that empower them to meet both their treasury and sustainability goals.” https://lnkd.in/eU_FBrbt Rami Lawand Alvina Neo Marisa Drew Charlotte Love Christopher Ben Parvinder Singh Sameer Nemazie Mir Rashaduddin Muadh Al Balushi #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Financial Conduct Authority Fines Barclays £40 million Stephen Smart, joint executive director of enforcement and market oversight at the FCA said: "Barclays’ misconduct was serious and meant investors did not have all the information they should have had. However, the events took place over 16 years ago and we recognise that Barclays is a very different organisation today, having implemented change across the business. "It is important that listed firms provide investors with the information they need.” https://lnkd.in/eSE-HFcf Daniel Thornton Pratiksha Patel Luke Peyton Jamie Bell Helen Packard Brian L. Eyles #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Financial Conduct Authority Confirms Anti-Greenwashing Guidance and Proposes Extending Sustainability Framework Sacha Sadan, Director of Environmental, Social and Governance, FCA, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment. Our good and poor practice anti-greenwashing examples will help firms market their products in the right way. We continue to work closely with the ASA and CMA to address greenwashing. “Consumers care about investing in products that have a positive impact on the planet and people. That’s why we want to boost the integrity of the market and ensure people can make informed decisions about how to invest their money.” https://lnkd.in/efFqsgrR #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Financial Conduct Authority Confirms Plan to Protect Access to Cash for Consumers and Small Businesses Sheldon Mills, Executive Director of Consumers and Competition at the FCA, said: “Three million people continue to rely on cash, even as digital payments become more popular. And many small businesses still need somewhere to safely deposit their takings each day. “That’s why we’ve acted quickly in response to new powers given to us by Parliament to ensure reasonable access to cash withdrawal and deposits is maintained.” https://lnkd.in/efjhtjZN #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Monzo Bank has agreed to take action after the Competition and Markets Authority (CMA) found it breached four parts of the Retail Banking Market Investigation Order 2017. https://lnkd.in/enxthgMB

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Well done Michael Timoney and the rest of the squad on the Scams Definition & Classification Working Group for this one, helping FI's define the many varieties of scams. We so badly need a consistent taxonomy for scam definitions in the U.S. 🇺🇲 so this will be a great step forward!! #Fraud #AboutFraud #AboutScamClassifierModel https://lnkd.in/e9JcsSEj

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The UK has announced its National Payments Vision which will embrace innovative technology to establish growth across the payment landscape. The initiative will review the current governance and payment delivery, with the aim of establishing a centralised clearing and settlement transaction system. Enhanced regulatory reviews and open banking practices will ensure faster, efficient payments. There are plans for a new CBDC, the digital pound, in place if robust legislation is secured under the vision. Whilst this remains in the design phase, the UK is exploring the future of digital banking. To discover more about the UK’s digital future, read FinTech Global: https://lnkd.in/gZA9f9Ub #HPS #NationalPaymentsVision

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The realignment of the UK ISO market continues. It looks like Shift4 has bought Card Industry Professionals, based in Aylesbury. This follows Global Payments Inc. acquisition of takepayments Limited. CIP works with Elavon, Inc.,EVO Payments, Inc. (now part of Global) and Worldpay. The move gives Shift4 a ready-made salesforce in the UK to support its ambitious expansion plans.

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