18 Dec 2023
Over the last few years, instant payments – also referred to as real-time payments, faster payments or immediate payments – have increasingly come into focus for authorities and financial institutions alike. As transformation continues to accelerate in the financial sector, the need for instant payments has grown tremendously. Yet what is the infra...
08 Dec 2023
CBDC (central bank digital currency) is a form of digital currency that a country’s central bank can issue alongside cash. Their value is linked to the issuing country’s official currency. For example, if the UK were to release a CBDC, it would be called the digital pound. While cash is a physical commodity, a CBDC is a digital currency that can b...
24 Nov 2023
With a resigning CEO and a record-breaking payout of billions of dollars – Binance’s November settlement was just the tip of the iceberg of a year filled with regulatory woes. In this article we highlight the key events of 2023 that led to Binance agreeing to pay some of the largest fines in US history. March 2023: CFTC sues Binance In March, the U...
17 Nov 2023
APP fraud has been an increasing concern for both banks and customers. While consumer education and fraud prevention are being prioritised by financial institutions, regulators have been looking at the question of liability. The new PSR directive on APP fraud reimbursements highlights a historic change in the way fraud liability is handled. This a...