The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Firms must invest in compliance, adapt workflows, and advocate for fair regulations. Why is it important? What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Payments Association

JULY 8, 2025

Firms should engage with their NCAs to ensure compliance during the transition period and monitor PSD3/PSR legislative developments for the changes proposed by the EBA. E.g. as a payment institution or an electronic money institution.

Stablecoins 88

Stablecoins Payment Service Provider (PSP) Duplicate Authentication 88

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance. Overall, we can better manage liquidity, risk and reporting requirements.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88