At the end of June 2023, buried in the GOV.UK website, there was a Memorandum of Understanding (MoU) establishing a framework for financial services regulatory cooperation between the European Union and the United Kingdom. Mark Beresford (Director, London) has investigated what this could mean for the payments and fintech industry on both sides of the English Channel and could this be the start of a gradual reversal of Brexit for the financial services sector?
We meet up with Scott McInnes, partner in the Brussels office of international law firm Bird & Bird, to deep dive the recently published package of new payments legislation proposed by the European commission.
On Monday 17th April 2023, the Joint Regulatory Oversight Committee (JROC), co-chaired by the Financial Service Authority (FCA) and the Payment Systems Regulator (PSR), published its recommendations for the next phase of Open Banking in the UK. The report contains recommendations and it is effectively a roadmap for the future of Open Banking and payments in the UK. Mark Beresford (Director, London) and Elisabetta Nadal (Business Analyst, London) have taken some time to review and identify the implications of the report and consider other UK-wide financial services initiatives that have happened in recent history.
Turkey is the world’s 19th largest economy, with a sizable young and tech-savvy population and well developed banking and electronic payments markets.
Our client is a regulated and licensed card processing and payment service provider and one of the leaders in digital payments and card processing in the Middle East and Africa.
Stripe has consistently demonstrated its desire and ability to bring payment innovation to the market. It should then not come as a surprise that earlier in June, Stripe announced the launch of a new solution in Europe, called delegated authentication, with the aim of improving payment conversion.