Author Archives: Informer

Dramatic Escalation In RegTech Being Forecast By 2023

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That is with reference to a new report from Juniper Research, which estimates that spending on RegTech systems, specifically, will escalate from an estimated $18bn (₤ 14bn) this year to $115bn (₤ 100bn) by 2023. Financial investment is forecast to climb by an average of 45% per annum over the next five years, far greater […]

Brand new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

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In March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-payment-services-electronic-money-2017.pdf.  Generally, the documents do not […]

FCA Authorisation Hocus-Pocus – Guaranteed Results?

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It might possibly appear run-of-the-mill, to compare making an application for authorisation to a magic trick, However if you are under any impression that less-than-perfect preparation is good enough, take heed. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the […]

Extraordinary Escalation In RegTech Being Forecast By 2023

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This is with reference to a new report from Juniper Research, which predicts that spending on RegTech systems, specifically, will increase from a quoted $18bn (₤ 14bn) this year to $115bn (₤ 100bn) by 2023. Financial commitment is forecast to climb by an average of 45% per annum over the next five years, far higher […]

Brand new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

compliance doctor consultants london fca handbook

During March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-payment-services-electronic-money-2017.pdf.  Altogether, the documents do not […]

A Matter of Trust

Military formations have long struggled to decrease the tension concerning the rigidity of their organisational constructions and the need for fast, definitive, imaginative leadership plus overall flexibility of activity on the battlefield. General George Armstrong Custer’s ego, for example, blinded him to the realities of the predicament at the Battle of the Little Big Horn, […]

Brand-new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf Generally, the documents do not […]

Whatever Your FCA or PRA Need- Compliance Doctor Is The Answer

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We are the home of the “Compliance Doctor” and have the following values, to which we adhere; Fairness – we don’t judge Sound recommendations (with evidence to support) Long Term plans/strategy Excellence in Primary & Remedial care Serving you as an individual and respecting your complete confidentiality Understanding your pain Intervention Parsimony with an outcomes […]

Ambulance Chasers Caught?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will must come up with over ₤ 7m in 2019 to set up a compliant scheme to adequately satisfy the regulator of the the sector, the Financial Conduct Authority (FCA) has revealed.  The approximate price to be paid in 2019-20, if […]

Ambulance Chasers Finally Get Cornered?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will have to stump up over a cool ₤ 7m next year to develop a compliant scheme to adequately satisfy the new regulator the sector, the Financial Conduct Authority (FCA), The amount be paid in 2019-20, if accurate, is 42% of […]