fscom

Last night, fscom partnered with Fieldfisher to host an interesting discussion on the FCA's proposed changes to the safeguarding regime for payment and e-money firms at Fieldfisher's London office - complete with stunning skyline views. Attendees had the opportunity to hear both the regulatory and legal perspectives as fscom’s Head of Payments Alison Donnelly and safeguarding specialist Greg James joined legal experts John Budd and Simon Lafferty from Fieldfisher. Key takeaways include: 🔹Polls demonstrated that the audience recognised the need for changes to the safeguarding rules to enhance industry resilience but also firms' key concerns on the practical implications of the introduction of a statutory trust and the length of time and cost of safeguarding audits. 🔹The FCA's interim state rules are anticipated for H2 2025, bringing with them stricter requirements: introduction of resolution packs, strong focus on segregation and third parties, new monthly safeguarding regulatory returns, and new FRC standards and likely costs. 🔹Further measures, including enhanced liquidity and credit risk policies, and policy renewal mandates, aim to elevate safeguarding standards. 🔹End state rules are envisaged to be in play in 2027. Alison rounded the session up by reminding everyone that this is still the consultation period—so a call out to industry - please review the consultation, take your feedback and concerns and respond to the FCA by the deadline of 17 December 2024 to ensure your views are heard. #Payments #EMI #Safeguarding #FCA #fscom #Fieldfisher Elaine Tighe Maja Marszalek

Read the latest article from the FMConsult team, 'Identification of Vulnerable Clients – is your firm meeting the FCA’s expectations?'. In this article, we explore the FCA’s expectations for identifying and supporting clients in vulnerable circumstances. The FCA is actively reviewing firms’ practices to ensure fair treatment and good outcomes for vulnerable clients in line with the Consumer Duty, with findings expected by the end of 2024.  You can read the full article here: https://hubs.ly/Q02W6Qtq0 #FCA #AssetManagement #ConsumerDuty #VulnerableCustomers #FMConsult #fscom

***Just 4 days to go until our safeguarding event with Fieldfisher*** We will be discussing the FCA's proposed changes to the safeguarding consultation including the shift to a Client Assets (CASS) style regime, and what this means for payments and e-money firms. Date: 29 October Time: 6.00pm for a 6.30pm start - 8.00pm Location: Fieldfisher offices, Riverbank House 2 Swan Lane, London EC4R 3TT To attend the event and join in the conversation with industry experts, register here: https://hubs.ly/Q02VPPGb0 Limited spaces remain! Alison Donnelly Greg James John Budd Simon Lafferty #FCA #Safeguarding #Compliance #PaymentsIndustry #Emoney #FSCom #Fieldfisher #FinancialRegulations #ConsultationEvent #CASS

Last week at the TISA UK 10th Annual CASS Conference in London, fscom Associate Director Julie Tuffrey presented the results of the CASS Industry Survey carried out in association with TISA and fscom. Julie is a CASS expert who was involved in the creation of the survey, providing key industry insights. The survey results highlight the key trends and compliance challenges faced by CASS firms, offering invaluable insights for the industry. You can now download the full report here: https://hubs.ly/Q02VrHDT0 For any CASS related questions, please reach out to fscom or Julie directly. Julie Tuffrey David Coolegem Susana Eddy Lisa Laybourn Henna Sadhu Mosa Zahed #TISA #CASS #Conference #London #CASSSurvey #Survey #fscom

Read the latest article from Vixio Regulatory Intelligence, 'No Surprises But More Complications In UK's New Safeguarding Proposals', in which fscom Head of Payments Alison Donnelly is quoted. The article shares insights from industry experts including Alison, Max Savoie, Omar Salem and Simon Treacy, on the safeguarding consultation and the impact it will have on payment and e-money firms. Read the full article here: https://hubs.ly/Q02VgLs30 Hear more from Alison and team at our event with Fieldfisher on 29 October, where we will be discussing the safeguarding consultation in more detail. Limited spaces remain | Register here: https://hubs.ly/Q02VgKLr0 #FCA #Safeguarding #Compliance #PaymentsIndustry #Emoney #fscom #Vixio #Fieldfisher #FinancialRegulations #ConsultationEvent #CASS

A thought provoking day at the EWPN Annual Conference on Wednesday, for the first time held across four European hubs: Dublin, London, Frankfurt, and Amsterdam. This year’s theme of ‘Make it Last’ focused on inclusivity and accessibility for all in the payments industry. Inspiring and energising speeches and panels throughout the day shone a light on the issues faced and how we can all work together to overcome these and make sure everyone is in the room. ✨Thank you to all of the speakers and panellists for providing your insights Matt McCann, Brian Dalton, Siobhain Colborne, Joan Breen, Louise O'Mara, Doina Nicolici, Louise Hogan, Dr. Stephanie Dossou, Jared Browne, Aisling Browne, Carol Donnelly , Alison McMurtrie, Sinead Sharkey-Steenson, and Michelle O'Keeffe 🎢. ✨A huge thank you to all involved in helping to organise the event, particularly fscom Director and EWPN Ambassador for Ireland Alison Donnelly, Elaine Tighe, Tanya Austin and Nicola Bassett, and the Organising Committee in Ireland Kathy Jacobs BSc(Acc) ACA FCI CDPO CSFCP, Jill Michael, Louise Hogan, Siobhan Colborne, Niamh Cully, Carol Donnelly, Orla Fitzsimons, . ✨Thank you to IDA Ireland for hosting the event in their stunning venue, and to the amazing team there for making it all possible Denis Curran, Grace Hickey, Siobhán Hanley, Kim and Mary. ✨Thank you to our amazing sponsors for their support alongside fscom, A&L Goodbody LLP and Fexco ✨Lastly, we offer a huge congratulations to our EWPN award winners – Suresh Vaghjiani, Matt McCann, Sreelekha Sankar, and Siobhan Colborne. Well done all! #EWPN2024 #MakeItLast #Accessibility #Inclusion #Payments #Fintech #fscom

Read our latest article ‘Why is the DSS Such an Important Step in the UK’s Approach to Embracing Digital Finance?’ from fscom Head of Digital Assets, Heather O.. Heather delves into the FCA and Bank of England's Digital Securities Sandbox (DSS) initiative, which aims to foster innovation whilst ensuring financial stability and market integrity. Read the full article on the fscom website: https://hubs.ly/Q02TQQRX0 #DigitialSecuritiesSandbox #DSS #DigitalFinance #FCA #BoE #fscom

Our conference is almost at its end. We have just had our 'Female Founders Talk' with Sinead Sharkey-Steenson, Founder & CEO of Generation Women and Career Robot Ltd and Michelle O'Keeffe 🎢, Co-founder of Platform55. Sinead discussed the unique challenges women face that can impact their careers. Michelle discussed the importance of resilience and not letting your failures define you.   Now time for our awards celebrations🎉   #EWPN2024 #Diversity #Inclusion #Innovation #Fintech #Payments #Sustainable #Entrepreneurship #Networking #Accessibility #WomeninBusiness #WomeninFintech #MakeitLast

We have just had our live podcast recording "Trailblazing Success: A Fireside Chat with Fintech Leader Alison McMurtrie". Carol Donnelly, Vice President at Search 5.0, interviewed Alison McMurtrie, CEO & Founder at Idunn Consulting. Alison told her inspiring story of her career journey, sharing valuable insights and practical advice for success in the field. Alison discussed the importance of planning, flexibility, taking educated risks, surrounding yourself with a trusted circle and embracing the crazy.   #EWPN2024 #Diversity #Inclusion #Innovation #Fintech #Payments #Sustainable #Entrepreneurship #Networking #Accessibility #WomeninBusiness #WomeninFintech #MakeitLast

Our second panel discussion of the day "AI-tastic Futures: Crafting Timeless Tech in Fintech" has just finished, moderated by Louise Hogan, Senior Associate at A&L Goodbody. Dr. Stephanie Dossou, Director of Artifical Intelligence at Forvis Mazars, Jared Browne, Head of Data Privacy at Fexco Group, and Aisling Browne, CEO & Co-Founder at Glitch, discussed how AI can be leveraged to create lasting technological advancements that stand the test of time and the struggle between innovation and regulation.   “Be curious, be a dreamer, but be a grounded dreamer and remember that technology is to serve humankind, not the other way around” - Jared #EWPN2024 #Diversity #Inclusion #Innovation #Fintech #Payments #Sustainable #Entrepreneurship #Networking #Accessibility #WomeninBusiness #WomeninFintech #MakeitLast