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Unveiling the EBAday 2025 Agenda: Key Insights and Highlights!
The upcoming EBAday 2025 event will focus on the latest trends in banking and fintech, featuring insightful discussions and networking opportunities. The agenda includes sessions on the future of payments, addressing issues like instant payments, financial crime, and liquidity management. Attendees can participate in panels on industry challenges, digital innovation, and new payment processes. Day two will cover topics such as cross-border payments and open finance initiatives. Networking opportunities will be abundant, with social events planned throughout. The event will also feature start-up pitches on the FinTalks Stage and showcase leading fintech platforms in the Fintech Zone. Register now to attend.
SEC Launches Innovative Cyber and Emerging Technologies Unit to Enhance Financial Security
The newly established Cryptocurrency Enforcement and Technology Unit (CETU), led by Laura D’Allaird, aims to enhance regulatory efforts in the cryptocurrency industry, focusing on fraud prevention and investor protection. Replacing the former Crypto Assets and Cyber Unit, CETU comprises around 30 experts and seeks to ease previous regulatory restrictions. Key objectives include safeguarding investors, facilitating capital formation, and combating fraud, particularly in areas like artificial intelligence and social media scams. With a more flexible regulatory framework, the CETU is set to address significant challenges in the cryptocurrency market, promoting a safer environment for investors.
BNY Boosts Compliance Efforts with Advanced Behavox Quantum Technology
Behavox Quantum is revolutionizing BNY’s compliance management by enhancing monitoring across various communication channels and supporting over 16 languages. Tom Wileman, BNY’s head of global compliance assurance, highlights that this technology strengthens their compliance processes and risk management approach. Key features include comprehensive monitoring, multi-language support, and improved risk management strategies. The SaaS implementation also boosts efficiency, accuracy, and scalability, enabling BNY to adapt to evolving organizational needs. By adopting Behavox Quantum, BNY aims to solidify its leadership in compliance and risk management within the financial sector.
Unlocking the Future: NextGen Nordics 2025 Agenda on DORA, VoP, CBDC, Instant Payments, Fraud Prevention, and Generative AI
NextGen Nordics 2025 is a key conference addressing challenges and opportunities in the payments sector, focusing on evolving regulations and technology. Key topics include the Digital Operational Resilience Act (DORA), EU Instant Payment Regulation, payment fraud reduction, and the potential of Central Bank Digital Currency (CBDC). The event will feature expert panels discussing fraud prevention, Generative AI in payments, and the fintech role in the Nordic ecosystem. It offers networking opportunities for stakeholders in software, IT services, and banking. Sponsorship options are available for brands seeking visibility. Register now to participate in this pivotal event.
House of Representatives Rejects CFPB Oversight on Major Tech Payment Apps: What It Means for Consumers
The House of Representatives has passed a resolution to nullify a Consumer Financial Protection Bureau (CFPB) rule designed to regulate large nonbank entities like Google and PayPal. This shift, largely supported by Republicans, allows President Trump to influence key financial regulations. Elon Musk, owner of X, has opposed the CFPB’s authority, recently stating “CFPB RIP” in a social media post. The CFPB’s rule aimed to ensure nonbank financial players follow similar regulations as banks. Additionally, the House disapproved a rule to limit overdraft fees, signaling a trend toward reducing regulatory oversight in the financial sector.
Nikhil Rathi Reappointed as FCA’s Chief Executive: A New Era of Leadership
Nikhil Rathi has been reappointed as Chief Executive of the Financial Conduct Authority (FCA), highlighting his leadership during a transformative period for UK financial regulation. First appointed in 2020, Rathi has strengthened consumer protection, enhanced regulatory frameworks, and promoted fintech innovation. His renewed role focuses on adapting to market changes, collaborating with industry stakeholders, and fostering financial inclusion for underserved communities. The reappointment has received positive reactions from industry leaders, reflecting confidence in his vision for reforming financial services. Rathi’s experience and strategic direction are vital for shaping the future of financial regulation in the UK.