Financial IT October Issue 2018
- 16.10.2018 11:32 am
The arrival of Open Banking is a key reason why the world of financial services in October 2018, as this year’s Sibos conference gets underway in Sydney, is different from the world of financial services one year previously, at the time of the Sibos conference in Toronto. The second Payments Services Directive (PSD2) of the European Union (EU) came into force on 13 January 2018; the EU’s General Data Protection Regulation (GDPR), on 25 May. Most financial services businesses in the EU also had to consider the implications of the latest Market in Financial Instruments Directive (MiFID II),...
Financial IT June Issue 2018
- 04.06.2018 10:42 am
The March 2018 edition of Financial IT was devoted mainly to Open Banking. So too is this, June 2018 of Financial IT. The previous edition looked, in depth and breadth, at the change that could take place in financial markets, Fintechs and incumbent institutions as a result of the second Payments Services Directive (PSD2) and the General Data Protection Regulation (GDPR) of the European Union (EU). If the previous edition was reduced to one question of just one word, that one word would be ‘What?’ For this edition, the one word is ‘How?’ A lot of time, effort and money have been devoted...
March Issue 2018
- 05.03.2018 07:34 am
The Open Banking revolution…and how it could unfold This March 2018 edition of Financial IT comes between two key dates. One is 13 January 2018, when the second Payments Services Directive (PSD2) came into effect in the European Union (EU). The other is 25 May 2018, when the EU’s General Data Protection Regulation (GDPR) will come into effect. GDPR will reinforce PSD2 and, therefore, the opportunities from the world of Open Banking that are implied by PSD2. As one of our contributors writes, GDPR will enforce good behaviour by the incumbents and the new entrants to...
Financial IT January Issue 2018
- 08.01.2018 08:39 am
By the time the next edition of Financial IT is published, in early 2018, the revised Payments Services Directive (PSD2) and enhanced Markets in Financial Instruments Directive (MiFID II) will be in force across the European Union (EU). By the end of May 2018, banks that are operating in the EU will also have to comply with the General Data Protection Regulation (GDPR). Through 2016 and 2017, banks and fintechs were preparing for the new regulations, or at the very least talking about them. In 2018, both groups will have to deal with the reality of the new regulations. This is in the...
Sibos & Money 20/20 Issue
- 09.10.2017 09:10 am
Landmark conferences such as Sibos and Money 20/20 are essential. Among much else, they provide a welcome opportunity to reflect on the state of the global financial services industry and ask: what is really new this year? There is no doubt where the novelty comes from. The very name of Financial IT highlights how technology is the catalyst for change in financial services. Sometimes the innovations are developed by traditional banks and insurance companies. Other times, the innovations are developed by technology companies that have no intention of providing financial services. And, of...
